MarketsFarm — Wheat bids in Western Canada were mostly stronger during the week ended Thursday, with gains observed in CWRS and CPSR wheats, while durum saw small losses. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up $2 per tonne, according to price quotes from a cross-section of delivery points […] Read more
Prairie cash wheat: Bids mostly stronger
Pulse weekly outlook: U.S. bean acres to increase, other pulses down
MarketsFarm — Farmers in the U.S. intend to plant more edible bean acres in 2020, but will seed less area to peas, lentils and chickpeas, according to the U.S. Department of Agriculture’s prospective plantings report. Edible bean area in the country is forecast at 1.372 million acres, which would be up roughly seven per cent […] Read more
USDA adjusts world rapeseed stocks estimates
Canadian carryout pegged above AAFC's estimate
MarketsFarm — World rapeseed ending stocks are forecast to tighten slightly in 2019-20 compared to earlier projections, according to an update from the U.S. Department of Agriculture’s Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, down from the February estimate […] Read more
Cattle inventories continue to decline, StatsCan says
Canada's hog herd also down on year
MarketsFarm — Canada’s cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in […] Read more
Grain vessels backing up at West Coast
MarketsFarm — Vessels waiting to ship grain off Canada’s West Coast are backing up as blockades across the country slow rail traffic, according to reports tracking grain movement. Railway blockades have sprung up at a number of locations across the country over the past two weeks, as protestors express solidarity with Wet’suwet’en hereditary chiefs opposing […] Read more
Scoular to sell edible bean business
MarketsFarm — The Scoular Company has made a deal to sell its edible beans business in Manitoba and the northern U.S. to a Michigan edible bean processing and exporting co-op. Cooperative Elevator Co., which is owned by over 1,100 U.S. farmers and operates mainly in Michigan’s “thumb” northeast of Flint, announced Friday it will buy […] Read more
Virus fears weigh on global shipping sector
MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more
U.S. winter wheat conditions mostly fair to good
MarketsFarm — The condition of the bulk of the U.S. winter wheat crop, taken from data provided by 17 reporting states, was at 29 per cent fair and 48.1 per cent good at the end of January. The rest of those states’ crops stood at 4.2 very poor, 12.1 poor and 7.2 per cent excellent, […] Read more
Poor Chinese demand a setback for grain exports
MarketsFarm — Canadian grain exports from licensed facilities are running well behind the previous year’s pace, due primarily to a sharp reduction in movement to China, according to latest monthly data from the Canadian Grain Commission. Total exports at Dec. 31 of grain, oilseed and pulse crops for the 2019-20 crop year to date came […] Read more
Pulse weekly outlook: Ukraine’s pulse production waning
MarketsFarm — There has been a marked decline in the amount of pulses grown by farmers in Ukraine over the last couple of years, highlighted in an article written for the Global Pulse Confederation by Sergey Feofilov, director general of UkrAgroConsult. Feofilov noted total pulse production in Ukraine dropped almost 25.9 per cent from 2018 […] Read more
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