Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
Tag Archives grain markets — page 4
Australian crop production estimates rising: ABARES
Pulse Weekly: Australian chickpea crop sees major expansion
Australia will see its largest chickpea crop in nearly a decade, according to winter crop production estimates released by the Australian Bureau of Agricultural and Resource Economics (ABARES) on Sept. 3. The agency forecasted 1.333 million tonnes of chickpea production over a seeded area of 1.900 million acres for the 2024-25 crop year, 70 per […] Read more
Ontario fertilizer prices at mercy of outside forces
Rail labour uproar and prospect of U.S. bumper crop make market insights muddy
A railway labour disruption in Canada and the prospect of a massive crop in the U.S. Midwest leave too many questions for clear pronouncements on fertilizer or commodity market directions in Ontario.
USDA adjusts August supply and demand numbers
While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
USDA forecasts record soy, bumper corn crops
Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more
Gauging China’s market risk
What does history say about managing China’s market potential and politics?
China provides risk and reward for Canadian agriculture exporters. With rhetoric escalating around the world, the risk could become a greater challenge. With Russia’s full-scale invasion of Ukraine, the Houthis taking potshots at shipping vessels in the Red Sea, and China increasingly aggressive in the Indo-Pacific, war and near-kinetic levels of conflict have thrown several […] Read more
Ukraine boosts grain exports despite intensified Russian attacks
Kyiv/London | Reuters – Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major global wheat and corn grower and before Russia’s invasion in 2022 […] Read more
Rain and heat make for promising crop conditions
Areas where crops were planted on time should see good yields
Over the past month, above-average precipitation and normal temperatures have resulted in optimal growing conditions for Ontario and a large portion of the U.S. Midwest. The two-week forecast for the U.S. Corn Belt calls for above-average temperatures and normal precipitation. This hot forecast comes as the U.S. corn crop is pollinating and the soybean crop […] Read more
Soybean industry has choices
Soy Canada executive director outlines big picture for the crop
Glacier FarmMedia – Canada’s soybean industry must navigate forks in the road. During a late June meeting in Dauphin, Man., Soy Canada executive director Brian Innes told growers they should relish the options in front of them. Why it matters: New opportunities exist to grow soybean production in Canada. “Where do we want to go […] Read more
Expect volatility in soybean market from tariff trade distortion
Large U.S. crop and weaker export demand will overhang North American values
The most recent U.S. and Canadian crop surveys indicate that above average yields are expected for Ontario and U.S. corn and soybean crops. Quick lookSoybeans: China is buying soybeans, meal and vegetable oil from countries that are not implementing tariffs on Chinese products. This is distorting trade flows and enhancing price volatility in the soybean […] Read more
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