The BRICS group, which comprises major wheat exporters and importers, wants to create a new international grain exchange.

‘Wheat OPEC’ idea faces uphill battle

Analysts say proposed BRICS grain exchange is doomed to fail; compare it to similar initiatives attempted in the past

Russia’s proposal to create a new international grain exchange was recently approved by the BRICS group of countries at a summit in Russia. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. It includes some of the world’s biggest crop importers and exporters.

PHOTO: Nevena Ristic/ISTOCK/GETTY IMAGES

Used cooking oil crushes soy sector

Oilseed processors say imported used cooking oil from China is displacing soybean oil in the American biofuel industry

The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst.


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EV tariffs raise Chinese retaliation worries

The Canadian Agri-Food Trade Alliance is closely monitoring China’s response to a new round of Canadian tariffs. The fear is that China may respond with retaliatory tariffs or other trade-restricting measures applied to some Canadian agri-food exports.


Jason Newton, chief economist and head of market research with Nutrien, provides a global crop market outlook to delegates attending the International Farm Management Association Congress in Saskatoon.

Global crop yields don’t match increasing demand

Sluggish production blamed on adverse weather conditions and high input costs that lead to reduced fertilizer use

Glacier FarmMedia – Rising demand and below-trend yields are causing tightness in the global supply of major crops, says one of the world’s largest crop input suppliers. Why it matters: Yields have lagged the usual trend for the past four years, leading to a tight global grain supply. The global stocks-to-use ratio for major crops, […] Read more


Stephen Nicholson is predicting high demand for wheat and canola.

Good demand expected for Canada’s two biggest crops

Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be bad news for Canada's spring wheat growers, but he said big yields often correlate to low protein levels for U.S. HRWW.