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Tag Archives australia — page 4

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Little downside for canola, trader says

'I wouldn’t look for a big collapse'

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MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)
Crops, Markets

Australian crop estimates adjusted slightly lower

Crop seen down 34 per cent from last year

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MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more
File photo of a vineyard in South Australia. (Alicat/iStock/Getty Images)
Crops, Markets

Australian wine industry faces hangover from China’s tariffs

Over two billion litres of wine in storage

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Sydney | Reuters — Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19 pandemic. Vineyards nationwide have enough wine in domestic storage to fill 859 Olympic swimming pools, Rabobank said this week in its third-quarter wine report. […] Read more
File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)
Crops, Markets

Feed weekly outlook: Crop conditions, barley demand lower

Prices expected steady to lower for now

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MarketsFarm — As combining operations begin, dryness continues to plague crops in many parts of Saskatchewan. But while crop conditions aren’t as bad as they were during the drought of 2021, according to trader Evan Peterson from JGL Commodities in Saskatoon, crops are still very parched. “Southern and western parts are very, very poor. But […] Read more
Neale Heinrich stands in front of the Redekop Seed Control Unit at its booth at Ag in Motion on July 18, 2023. (Braedyn Wozniak photo)
Crops, Machinery

At Ag in Motion: Herbicide resistance fight needs integrated seed management

'Those seedlings we don’t manage to kill (are) probably the most herbicide-resistant'

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Harvest weed-seed control takes aim at reducing herbicide-resistant weeds that western Canadian farmers find more and more every year. At the Ag in Motion outdoor farm show this week, field residue management manufacturer Redekop won the Innovations Award for Environmental Sustainability for its harvest Seed Control Unit, which destroys more than 95 per cent of […] Read more
File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)
Crops, Markets

Australia expects ‘favourable decision’ from China on barley

Heavy tariffs in place since 2020

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Sydney | Reuters — Australia is expecting a positive decision over the next two weeks from China to fully settle a dispute over barley tariffs, Trade Minister Don Farrell said Thursday. “We are expecting in the next couple of weeks a favourable decision on the tariffs that has prevented Australian barley going into China,” Farrell […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (dark green line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola finds support from funds, weather

Crude oil markets also a factor

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MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more
Photo: File
Crops, Markets

Repeat of record Australian wheat, canola crops unlikely

ABARES expects 2023-24 crop down on year

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MarketsFarm — After growing record-large wheat and canola crops in 2022-23, Australia is expected to see a significant drop in production in 2023-24 as developing El Nino weather patterns will likely cut rainfall through the growing season, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). […] Read more
File photo of a field pea crop in western New South Wales, Australia. (Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Pulse weekly outlook: Dryness to cut into Australian production

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MarketsFarm — Dry conditions and low soil moisture reserves in key Australian growing regions, along with expectations for developing El Nino weather patterns, are expected to cut into the country’s pulse production in 2023-24, despite steady to higher seeding intentions for several crops, according to the latest crop report from the Australian Bureau of Agricultural […] Read more

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