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A combine in the Interlake runs against the setting sun on Nov. 1, 2022, in an effort to wrap up harvest. Photo: Greg Berg
Crops, Markets

Manitoba nets average crops in 2022 after wet spring

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MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more
Mycotoxins, such as vomitoxin, are produced primarily by Gibberella ear moulds (seen here) and can be disruptive when fed to livestock, especially hogs. Photo: OMAFRA
Corn, Crops, Reuters

U.S. corn farmers wary of vomitoxin, latest stress on global grain supplies

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Chicago | Reuters – A fungus that causes “vomitoxin” has been found in some U.S. corn harvested this fall, causing headaches for growers and livestock producers and forcing ethanol plants and grain elevators to scrutinize grain deliveries. The situation is another hit to global grain supplies that have sunk to the lowest in a decade since Russia […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey November 2, 2022. Photo: Reuters/Umit Bektas
Markets, Reuters

Ukraine grain export deal back on as Russia resumes participation

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Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
The general manager of a pulse processing plant in Saskatchewan predicts “stability” in organic markets for 2023. Photo: Getty Images
Crops, Markets

Webinar reveals thoughts on present, future of organic markets

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MarketsFarm – Ten representatives from companies buying or producing organic crops took part in a webinar discussing the markets for those crops hosted by SaskOrganics on Oct. 27. The marketing webinars, which are held bi-annually before spring seeding and after harvest, are designed to connect organic grain buyers and producers as well as provide information […] Read more
Supporters of Brazil’s President Jair Bolsonaro block highway BR-060, during a protest against President-elect Luiz Inacio Lula da Silva who won a third term following the presidential election run-off, in Abadiania, Brazil, October 31, 2022. Photo: Reuters/Ueslei Marcelino
Markets, Reuters

Trucker blockades in Brazil increase in wake of Bolsonaro election loss

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Sao Paulo | Reuters – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads in 16 states in an action that could affect agricultural exports in one of the world’s top food producers. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio Lula da Silva, but has yet to concede […] Read more
Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock
Reuters

Crop merchant Bunge raises full-year profit outlook

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Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
AAFC made some small tweaks in its estimates for the 2022/23 wheat crop. Photo: Greg Berg
Crops, Markets

AAFC tweaks some numbers as canola, pulses remain unchanged

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MarketsFarm – While Agriculture and Agri-Food Canada made some changes in its October supply and demand estimates from September, the department didn’t make any alterations to its data for canola, pulses and special crops. The department released its report during the late afternoon of Oct. 21. Of the grains and oilseeds, AAFC’s most notable revisions […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (dark green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy end higher but below session peaks

Weaker U.S. dollar supportive

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Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more
Corn west of Mitchell, Man. on Oct. 17, 2018. (Dave Bedard photo)
Barley, Corn, Crops, Markets

Feed weekly outlook: Corn imports pressure grain prices in Lethbridge

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MarketsFarm — With harvesting operations winding down, high-delivered bids for feed barley and wheat in Alberta are higher compared to the same time last month and last year. However, there is still some volatility in feed grain prices, according to one Lethbridge-based trader. “I think most (of the increase) was (due to) demand, but as […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, blue and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures rally on strong exports

Chicago corn, wheat also firm

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Chicago | Reuters — U.S. soybean futures rose 1.4 per cent on Thursday as strong export data buoyed hopes that overseas buyers will book more deals in coming weeks. Corn and wheat futures also were firm, with short-covering and technical buying underpinning the market after prices for both commodities dropped near the low end of […] Read more

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