Chicago | Reuters — U.S. wheat futures fell 1.4 per cent on Wednesday on a round of follow-through selling after Tuesday’s technical setback, traders said. The weakness in wheat spilled over to the corn market, which also faced some profit-taking after a higher opening during the overnight trading session. Soybean futures fell for the seventh […] Read more
Tag Archives export — page 8
U.S. grains: Wheat, corn, soybeans drop
Grain flow shifts from China trade war may last years, CHS says
Chicago | Reuters — The U.S.-China trade war has accelerated Brazilian efforts to erode the United States’ share of the world soybean export market, and some of the shifts in global grain flows could last for years, according to executives at CHS Inc., the largest U.S. farmer co-operative. Even with a so-called ‘Phase One’ trade […] Read more
Allegations of U.S. peas, lentils passed off as Canadian
MarketsFarm — A company in the United States has alleged there are green peas and green lentils being shipped from the U.S. to Canada, then exported to China and India as being Canadian. Jeff Van Pevenage, president of Columbia Grain at Portland, Ore., first made the allegations to the Western Producer in September. He said […] Read more
Ample world malt barley supply to limit export prices
MarketsFarm — Canadian malt barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies of the key beer ingredient remain more than sufficient to meet global demand. “There’s no real indication at this time that we’ll see a significant up move (in price),” […] Read more
Grain leaves Churchill for first time in four years
MarketsFarm — The first grain vessel in four years left the northern Manitoba port of Churchill over the weekend, according to social media posts from port owners Arctic Gateway Group. “Happy to report the successful completion and departure of the first grain vessel of the season from Churchill,” Arctic Gateway said on Twitter and Facebook. […] Read more
U.S. grains: Soybeans sag on demand worries
Chicago | Reuters — U.S. soybean futures fell more than one per cent on Thursday on concerns about burdensome supplies and weak export demand as the U.S. trade war with China continues, analysts said. Wheat futures rose on short-covering and worries about drought in Australia, and corn edged higher, despite bearish weekly U.S. ethanol statistics. […] Read more
Canada says bogus certificates being used to smuggle meat into China
Ottawa | Reuters — Unknown actors are using bogus certificates to smuggle Canadian meat into China, Trade Minister Jim Carr said on Wednesday, a day after Beijing halted beef and pork imports citing falsified paperwork. China, which has already blocked imports of Canadian canola seed and product from three pork plants, said on Tuesday it […] Read more
Durum market holds steady despite spring wheat swings
MarketsFarm — Durum bids in Western Canada are holding relatively steady, with prices only seeing small moves over the past month despite larger swings in spring wheat. Durum prices in southern Saskatchewan have traded in the $235-$243 per tonne area over the past month, a relatively narrow $8 trading range compared to Canada Western Red […] Read more
Feed weekly outlook: Feed grain prices flagging
MarketsFarm — Feed grain prices have softened across the Prairies, as seeding is well under and many producers have the coverage they need until new crops begin to come off the field in August. Markets are fundamentally bearish right now, as farmers with enough coverage can wait until prices get even lower when new crop […] Read more
China has not escalated canola seed dispute with Canada, Ottawa says
Ottawa | Reuters — China has not escalated a dispute with Canada over the export of canola seeds and comments by the Canadian farm minister on the matter have been misunderstood, an agriculture ministry official said on Wednesday. China — embroiled in a major diplomatic dispute with Ottawa — has blocked imports from two major […] Read more
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