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A New Holland unit on display at the Yugagro exhibition in Krasnodar, Russia in 2021. (Media.cnhindustrial.com)
Crops, Machinery

CNH sheds Russian business

New Holland, Case IH maker had suspended shipments last year

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The maker of Case IH and New Holland tractors and combines is selling its business activities in Russia for about US$60 million. CNH Industrial, which employs about 200 people in Russia, announced the divestment in a release Wednesday without naming the buyer. CNH in March last year suspended all shipments and supplies to Russia and […] Read more
File photo of grain silos and other buildings at harbourside at Saint Nazaire on France’s west coast. (Sissoupitch/iStock/Getty Images)
Crops, Reuters

French agency drops fumigant ban on non-EU grain exports

Limit on phosphine won't apply if use required for export

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Paris | Reuters — French health safety agency ANSES on Thursday cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process, averting a halt to shipments from the EU’s top grain exporter. In late October ANSES cleared the use of phosphine tablets used for […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Quiet times appear to be ahead

Significant weather event would maybe move prices

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MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more
CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains down on export data, weather

EU transit plan, Black Sea inspections temper Ukraine fears

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Reuters — Chicago grains closed lower Thursday on lower-than-expected U.S. soybean export sales data, and favourable weather that would allow for planting to accelerate in the Midwest farm belt. Grains prices were also impacted by crude oil falling. The U.S. Department of Agriculture said soybean weekly export sales totalled 103,000 tonnes, below forecasts. “Export sales […] Read more
A vineyard at Naramata in B.C.’s Okanagan Valley. (File photo by Dave Bedard)
Crops, Grapes, Markets

Global wine trade hits record-high value but volumes fall

Canada 27th in production, sixth in imports

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Paris | Reuters — The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said. The International Organisation for Vine and Wine (OIV) said on Thursday that global wine exports in 2022 […] Read more
Sea surface temperature (SST) anomalies in degrees Celsius over the tropical Pacific Ocean for the week centred on April 12, 2023. (CPC.ncep.noaa.gov)
Crops, Reuters, Weather

World could face record temperatures in 2023 as El Nino returns

New record highs 'more likely than not'

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Brussels | Reuters — The world could breach a new average temperature record in 2023 or 2024, fuelled by climate change and the anticipated return of the El Nino weather phenomenon, climate scientists say. Climate models suggest that after three years of the La Nina weather pattern in the Pacific Ocean, which generally lowers global […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

World production seen up with more corn, soybeans

IGC holds wheat production estimate steady

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MarketsFarm — As the International Grains Council (IGC) raised its estimate for total world grain production in 2023-24, its forecast on corn and soybeans were increased as well. Meanwhile, production estimates for wheat were held steady. The London-based IGC issued its latest supply and demand report on Thursday. World grain production was bumped up by […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Crops, Markets

More grain for European Union in 2023-24, USDA projects

Larger production seen reducing need for imports

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) attaché in Madrid is projecting an increase in grain production for the European Union (EU) in 2023-24. In USDA’s Global Agricultural Information Network (GAIN) report released Wednesday, the attaché pegged the EU’s 2023-24 grain production at 284.7 million tonnes, 17.9 million more than this year’s crop which […] Read more
ICE July 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Weather to influence canola price movement

Short-covering seen supporting front months for now

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MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants wait to get a better handle on new-crop prospects. “There’s some concern developing on seeding delays,” said Jamie Wilton of RJ O’Brien in Winnipeg, adding […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line, left column) and K.C. May 2023 hard red winter wheat (orange line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago futures dip as Ukraine inspections resume

Planting windows seen in U.S. despite rain forecasts

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Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces […] Read more

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