Container ships pass through locks on the Panama Canal in this file photo. (CIA.gov)

Panama Canal water levels at historic lows, restrictions to remain

Lake feeding canal low on rainfall

Panama City | Reuters — The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway’s authority said on Tuesday. The restrictions, implemented earlier this year […] Read more

Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: Poor monsoon rains cut into India production

Canadian crops also expected lower

MarketsFarm — Disappointing monsoon rains in India this year are expected to cut into the country’s pulse production, according to reports out of the country. Crop production in India is highly dependent on the monsoon rains that typically soak the country from June through September, but the moisture to date was about nine per cent […] Read more


(File photo by Dave Bedard)

Fund long position edges higher in canola

Net long in CBOT soybeans down on week

MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more

File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)

Australian crop estimates adjusted slightly lower

Crop seen down 34 per cent from last year

MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more


CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up off three-month low as Australian crop declines

U.S. corn, soy crop ratings fall more than expected

Chicago | Reuters — Chicago Board of Trade wheat futures edged higher on Tuesday, after hitting a three-month low, amid short covering and concerns about dry weather threatening production in export hubs including Australia. Corn futures also rose, while the soybean market eased as traders awaited the start of U.S. harvesting. After the markets closed, […] Read more

Turkish President Tayyip Erdogan (r) and his Russian counterpart Vladimir Putin arrive at a press conference after their meeting in Sochi on Sept. 4, 2023. (Photo: Murat Cetinmuhurdar/Turkish Presidential Press Office/Handout via Reuters)

Turkey’s Erdogan says Black Sea grain deal can be restored soon

UN seeks to bring Russia back into deal

Moscow | Reuters — Turkish President Tayyip Erdogan said after talks with Russia’s Vladimir Putin on Monday that it would soon be possible to revive the grain deal that the United Nations says helped to ease a food crisis by getting Ukrainian grain to market. Russia quit the deal in July — a year after […] Read more


(Thinkstock photo)

Prairie cash wheat: Bids, futures take tumbles

Canadian dollar sees slight gain on week

MarketsFarm — Western Canadian wheat bids were lower throughout during the week ended Thursday, with Canada Western Red Spring wheat seeing the largest declines. Statistics Canada (StatCan) released its first model-based production estimates for 2023-24 on Tuesday. Based on data compiled up to July 31, StatCan estimated total Canadian wheat production at 29.472 million tonnes, […] Read more

A Concord Disc Drill HD double-disc opener. (ConcordSeeding.com)

Concord seeding equipment brand to be discontinued

Products and designs to continue, but under Vaderstad banner

A brand of air seeding equipment dating back almost five decades in North Dakota and beyond is poised to disappear in the 2024 model year. Concord — a brand owned since 2021 by an arm of Swedish seeding, planting and tillage equipment firm Väderstad — will no longer be sold under the Concord name, the […] Read more


Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)

Putin to meet Erdogan amid push to revive grain deal

Turkey, UN seek to revive grain deal; Russia discussing separate plan

Moscow | Reuters — Russian President Vladimir Putin will hold talks with Turkey’s Tayyip Erdogan on Monday in the Black Sea resort of Sochi as Ankara and the United Nations seek to revive a Ukraine grain export deal that helped ease a global food crisis. Russia quit the deal in July — a year after […] Read more

CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat dips after earlier strength

Black Sea supplies weigh on market

Chicago | Reuters — U.S. wheat prices reversed earlier gains to close lower on Friday, as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal. Chicago soybeans and corn also climbed after month-end positioning pushed futures lower much of the week and […] Read more