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Tag Archives exports

General, Markets

Ottawa expected to ‘officially’ declare ag an essential service

The Western Grain Elevator Association says that designation will clarify things and help to keep grain moving

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Canada’s grain industry expects the federal government will soon officially declare agriculture an essential service. Wade Sobkowich, executive director of the Western Grain Elevator Association (WGEA), says that designation will have a practical application. “Hopefully it ends all confusion about grain workers at elevators, railway workers and anybody else required for moving grain, as to […] Read more
Crops, Lentils, Markets, Peas

Pulse weekly outlook: Lack of willing sellers underpins prices

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MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of […] Read more
Cereals, Crops, Markets

Solid demand, logistics underpin durum bids

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MarketsFarm — Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 coronavirus concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the $7.50-$8 per bushel range, according to Prairie Ag Hotwire data. That […] Read more
Crops, Markets, Reuters

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as […] Read more
Crops, Markets, Reuters

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

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Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more
Crops, Markets, Pulses

Pulse weekly outlook: Increased demand seen, but problems loom

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MarketsFarm — Unlike other commodities, pulses aren’t yet feeling ill effects from an economic downturn due to the COVID-19 coronavirus outbreak, according to Marcos Mosnaim of Globeways Canada in Mississauga. With consumers panic-buying, there has been increased demand for pulses, as many are non-perishable, Mosnaim said. “These products will be there for ages,” he said, […] Read more
Hogs, Livestock, Reuters

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

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Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
Crops, Markets, Reuters

U.S. grains: Virus worries, export sales drag on soybeans

Corn down on rising U.S. ethanol stocks

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Chicago | Reuters — U.S. soybean futures fell on Thursday on poor export demand coupled with declines in global equity markets tied to worries about an economic slowdown due to the COVID-19 coronavirus, analysts said. Corn followed soybeans lower while nearby Chicago Board of Trade wheat futures clung to modest gains, supported by inter-market spreading. […] Read more

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