Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able […] Read more
Tag Archives grain markets — page 9
Viterra in talks to merge with Bunge, source says
Merger would vault Viterra into top tier of grain trade
Risk premium in wheat market continues to evaporate
StatCan acreage survey shows increased winter wheat plantings for Ontario, a decrease for soybeans and no change for corn
Grain and oilseed markets are digesting new-crop production estimates. On April 26, Statistics Canada released the results of its acreage survey conducted between Dec. 12, 2022 and Jan. 14, 2023. Although the survey occurred two months earlier than normal, traders feel comfortable with the acreage data. Quick lookSoybeans: Producers should be prepared for the basis […] Read more
EU sets Ukraine grain import restrictions in five countries until June 5
Supports pledged for farmers in those countries
Brussels | Reuters — The European Commission said on Tuesday it set restrictions until June 5 on imports of Ukrainian wheat, maize, rapeseed and sunflower seed to ease the excess supply of these grains in Bulgaria, Hungary, Poland, Romania and Slovakia. The EU executive arm said that during that period, Ukrainian wheat, maize, rapeseed and […] Read more
Russia’s Black Sea demands cause jumpy wheat market
An opportunity may arise for new-crop wheat sales, depending on future of shipping agreement
From March 15 through April 15, southern Ontario received above normal precipitation with some areas receiving as much as 100 to 125 millimetres of rain. Temperatures were two to three degrees below normal. The weather trend is cool and wet. U.S. and Ontario farmers could plant corn and soybeans 10-15 days later than normal, which […] Read more
USDA projects increased planting for corn, soybeans
Planting expected to occur later than normal in both U.S. and Canada, which could drag yields
Ontario received above normal precipitation and experienced average temperatures in March. The winter wheat crop is coming out of dormancy under optimal conditions. Above average wheat yields are expected. Export demand for Ontario soft red winter wheat will be down from earlier projections, which has caused prices to dip to 52-week lows. Current weather forecasts […] Read more
Opinion: Don’t forget about managing crop price risk
By the time you read this, spring should be well underway, with March behind us, the sun feeling good and the soil warming. That sounds all warm and comfortable after a March that’s been steely cool and uninspiring in the weather department, but we’re coming into a summer of uncertainty that calls for farmers to […] Read more
Black Sea Grain Initiative extended
Wheat market unlikely to see another rally as Russian and Ukrainian wheat continues to move
Ontario corn, soybean and wheat prices are relatively unchanged from mid-March. Farmer selling tends to subside during late March and April as producers prepare for spring planting. Export demand for corn has improved over the past two weeks. We expect a minor rally in domestic corn prices through April as offshore movement increases. Soybean prices […] Read more
Soy complex crushed by selloffs
While canola had undergone another week of sharp losses before bouncing back with a double-digit gain on March 23, the Chicago soy complex also had a week to forget. The May soybean contract fell to US$14.1950 per bushel at the end of March 23 after a one-day, 29-cent drop. It was the ninth negative session […] Read more
U.S.-Mexico corn dispute unlikely to affect Canada
Long-term impact might set a precedent for future actions
It’s been two years since a decree by Mexican president Andres Manuel Lopez Obrador to phase out imports of corn grown from genetically modified seed. In January 2021, the Obrador government followed through on its pledge to ban the import of GM corn hybrids for human consumption, and the use of glyphosate, by 2024. The […] Read more
China supports extension of Black Sea Grain Initiative
Support document has calmed traders’ concerns and market uncertainty regarding corn and wheat exports from Black Sea ports, for now
Ontario cash corn prices dropped nearly 50 cents per bushel, on average, between Feb. 21 and March 7, while soft red winter wheat values fell by approximately 75 cents per bushel. Cereal grains have come under pressure due to a lack of export demand. Ethanol processors and cattle feeders appear to have sufficient corn coverage […] Read more
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