MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
Tag Archives australia — page 6
ICE weekly outlook: Upswings likely out of question for canola
Canada's exports expected to ebb
Record winter crop production expected for Australia
Summer crop production seen down on year
MarketsFarm — Australia will see its highest-ever winter crop production thanks to record wheat and canola harvests, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released Monday. Winter crop production in Australia is estimated at 67.6 million tonnes, up 8.4 per cent from ABARES’ crop […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
USDA sees little change in Australian, Canadian wheat output
MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more
CBOT weekly outlook: Soy, corn markets’ eyes on South America
Wheat market remains sensitive to Ukraine news
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were boosted by last Thursday’s bullish supply/demand estimates from the U.S. Department of Agriculture, but attention has since shifted back to South American growing conditions. “The primary thing right now is South American weather,” said market analyst Tom Lilja of Progressive Ag at […] Read more
Prairie cash wheat: Bids lower despite supportive factors
March CBOT, K.C. wheats up on week
MarketsFarm — Despite concerns related to cold weather in the U.S., war in Ukraine and rising numbers of COVID-19 infections in China, most western Canadian wheat bids were lower for the week ended Thursday. Profit-taking in wheat futures was evident on the Chicago Board of Trade (CBOT), as March contracts for both Kansas City hard […] Read more
ICE weekly outlook: Less canola to be exported
Crop expectations from Canada, Australia are factors
MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
U.S. grains: Wheat steadies after one-year low
Soybeans firm on China demand, Argentina drought
Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude […] Read more
Australia looking at record wheat, canola crops
Near-record winter crop output expected
MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of […] Read more
U.S. grains: Wheat slides to 13-month low
Soybeans slip despite demand hopes
Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders […] Read more
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