MarketsFarm — Most of the Canadian Prairies were already blanked in snow by late November, with the deepest snowpack in Alberta and Saskatchewan, according to data compiled by Environment Canada and the U.S. National Oceanic and Atmospheric Administration (NOAA). Aside from the Rocky Mountains and some areas around the Great Lakes, the U.S. was largely […] Read more
Most of Prairies already covered in snow
Prairie cash wheat: Bids mostly lower
MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) wheat was steady to higher. Average CWRS (13.5 per cent protein) wheat prices were down $2-$4 per tonne, according to […] Read more
Baltic Dry Index at four-month lows
Declining demand seen from China
MarketsFarm — Ocean freight rates have fallen off of their highs of the past year over the course of the past month, but remain well above the lows hit in the spring when global markets first started reacting to the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved […] Read more
Export demand keeps Thunder Bay grain traffic solid
MarketsFarm — Grain movement out of Thunder Bay continues to run at a very strong pace, with shipments to Europe, the Middle East and North Africa behind much of the increased movement. As of Saturday, more than two million metric tonnes of grain have been directly exported from Thunder Bay elevators by ocean-going (saltie) vessels […] Read more
Pulse weekly outlook: Pea exports up on year, China a key buyer
MarketsFarm — Canadian pea exports are running ahead of the year-ago level, with China the main buyer, according to the latest Canadian Grain Commission (CGC) data. Total pea exports tracked by the commission, at 1.12 million tonnes during the first 12 weeks of the 2020-21 crop year, are up 34 per cent compared to the […] Read more
WMO officially calls a La Nina winter
MarketsFarm — A La Nina weather event has officially developed in the Pacific Ocean and is expected to continue into 2021, affecting temperatures, precipitation and storm patterns around the world, according to the World Meteorological Organization (WMO). The global declaration of the La Nina event by the United Nations’ agency will be used by governments […] Read more
Record-high Canadian canola supplies in commercial pipeline
MarketsFarm — Visible canola supplies in the Canadian commercial pipeline are sitting at historically high levels, according to Canadian Grain Commission data. A total of 1.75 million tonnes of canola were sitting in commercial hands across Canada during the week ended Oct. 18 — only slightly off the record of 1.786 million tonnes set only […] Read more
Prairie cash wheat: Bids mixed
Durum steady to lower
MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Friday, with gains observed in Canada Western Red Spring (CWRS) wheat and losses in Canada Prairie Spring Red (CPSR). Canada Western Amber Durum (CWAD), meanwhile, was steady to lower. Average CWRS (13.5 per cent) wheat prices were up by $2-$7 per tonne, […] Read more
Grain, oilseed exports running ahead of average
MarketsFarm — Canadian grain and oilseed exports have left the country at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat,and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Sunday came in at 9.57 million tonnes, according to […] Read more
Argentina approves drought-tolerant GM wheat
Variety would need Brazil approval before going commercial
MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the […] Read more
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