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(Dave Bedard photo)
Crops, Markets, Reuters

Cargill agrees to sell stake in Russian grain terminal

Buyer says deal under government review

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Reuters — U.S.-based commodities trader Cargill said on Thursday it had agreed to sell its stake in a Russian grain terminal to Russia’s Delo Group. “In line with Cargill’s earlier announcement to stop the export of Russian grain in July 2023, we can confirm we have reached an agreement with Delo to sell our 25 […] Read more
(File photo by Dave Bedard)
Crops, Markets, Weather

Canada bumps up wheat harvest view, trims canola estimate

StatCan releases yield outlook as of Aug. 31

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Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

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MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Prices for U.S. soybeans, corn where they should be

USDA report calls for tightest soy carryout in eight years

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MarketsFarm — There have been no surprises in the price movement for U.S. soybeans and corn on the Chicago Board of Trade following the release of the U.S. Department of Agriculture’s monthly supply and demand report. “This was a case [for soybeans] where the trade expected even tighter ending stocks. That 220 million bushels matched […] 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)
Crops, Markets, Reuters

U.S. grains: Wheat rallies on Black Sea tensions

Corn prices follow wheat higher, soy gains as traders eye crop yields

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New York | Reuters — Wheat futures on the Chicago Board of Trade (CBOT) rose for a second straight session on Wednesday, as Russia reported Ukrainian strikes on a naval base in the grain-rich Black Sea region and Kyiv said its grain exports dropped sharply. Kyiv said on Wednesday more than 100 of its port […] Read more
(PortOfThunderBay.com)
Crops, Markets

Thunder Bay grain shipments up on year

Grain traffic contributes to increase in overall cargo handle

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MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the year-ago level, with 3.747 million tonnes of grain shipped through the port on the northern shores of Lake Superior as of Aug. 31. That was up by 1.1 million tonnes from the previous year’s pace, but slightly behind the […] Read more
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets, Reuters

EU ag commissioner pushes for extension of Ukraine grain import ban

Restrictions due to expire Friday

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Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

USDA adjusts soy, corn outlooks in September report

U.S. wheat usage, carryout estimates shift

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MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Markets, Pulses

Pulse weekly outlook: Saskatchewan production, yields ‘slightly lower’

Peas, lentils over 90 per cent harvested

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MarketsFarm — Dale Risula, Saskatchewan’s provincial specialist for pulses, forages and specialty crops, said that while this year’s harvest is progressing well, he expects average-at-best pulse production this year. As of Sept. 4, the province’s dry pea harvest was 92 per cent complete, while 91 per cent of the lentil crop was combined. Only 51 […] Read more
(OceanFishing/iStock/Getty Images)
Canola, Crops, Markets

Numerous revisions to USDA’s data on Canadian canola

Outlooks raised for ending stocks, cut for domestic use

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MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more

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