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ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Less canola to be exported

Crop expectations from Canada, Australia are factors

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MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat steadies after one-year low

Soybeans firm on China demand, Argentina drought

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Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude […] Read more
Photo: File
Crops, Markets, Weather

Australia looking at record wheat, canola crops

Near-record winter crop output expected

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MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of […] Read more
CBOT March 2023 soft red winter wheat with 50-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat slides to 13-month low

Soybeans slip despite demand hopes

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Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders […] Read more
ICE January 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s sideways market nears low end of range

January down last six sessions

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MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite losing over $50 per tonne […] Read more
File photo of a field pea crop in western New South Wales, Australia. (Alfio Manciagli/iStock/Getty Images)
Crops, Pulses

Pulse weekly outlook: Australia’s winter pulse production mixed

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MarketsFarm — Australia’s 2022 winter pulse crop will see its ups and downs, according to a quarterly crop report released Tuesday by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). Chickpeas saw the largest projected production decline, dropping 41.5 per cent from the 2021-22 marketing year to 621,000 tonnes this year, Australia’s […] Read more
Sea Temple of Pura Luhur, Uluwatu, south Bali, Indonesia. (CIA.gov)
Livestock, Reuters

Indonesia’s foot-and-mouth outbreak prompts international measures

'Viral fragments' detected in meats brought into Australia

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Reuters — Australia and New Zealand say they’ve stepped up protections against foot-and-mouth disease (FMD) at their international airports following an outbreak of the disease in Indonesia. Travellers arriving in Australia from Indonesia will now be asked to walk across sanitation foot mats at airports, the latest measure to ramp up Australia’s biosecurity measures, the […] Read more
(Alfio Manciagli/iStock/Getty Images)
Canola, Crops, Markets

Australian canola production heading downward, but still sizeable

New second-biggest harvest expected, USDA predicts

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MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop year was projected to be […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices decline, may shift in spring

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MarketsFarm — Prices for Canadian lentils, along with other pulses in the country, have slightly declined since the start of 2022. However, one pulse buyer thinks the next few months can recharge the market. Lionel Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask., explained that a good Australian lentil harvest in December has […] Read more

Canadian Cattlemen Presents: Depth of Field

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