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(Dave Bedard photo)
Crops, Markets, Reuters

CN faces grain export backlog of 10,000 carloads, CEO says

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Montreal | Reuters — Canadian National Railway (CN) lost capacity equivalent to 10,000 carloads, or one million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, CEO Jean-Jacques Ruest said Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who […] Read more
File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)
Crops, Markets, Reuters

Argentina ag ministry suspends registration of exports

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Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary […] Read more
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans bounce, corn stabilizes

Warm winter, weaker Russian ruble drag on wheat

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Chicago | Reuters — U.S. corn futures stabilized on Tuesday and soybean futures firmed in a mild recovery from the prior session’s steep drop on fears about the impact of the coronavirus outbreak. Wheat futures were mixed after posting fresh lows on technical selling and pressure from ample global supplies and stiff competition for U.S. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Cattle inventories continue to decline, StatsCan says

Canada's hog herd also down on year

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MarketsFarm — Canada’s cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in […] Read more
MGEX March 2020 spring wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rally, pull corn higher

Chicago soybean futures weaken

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Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more
A CN freight train remains halted as train tracks are blocked two km away at Tyendinaga, Ont., east of Belleville, on Feb. 14, 2020. (Photo: Reuters/Chris Helgren)
Crops, Reuters

Canada rules out sending police in on rail protests

Superior Propane expects supply shortages soon

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Ottawa | Reuters — Canada’s Liberal government said on Friday it was deeply concerned about protests by aboriginal activists that are blocking some key railway lines but rejected a call to send in the police. Indigenous communities opposed to the construction of a gas pipeline project in British Columbia started interrupting rail traffic last week. […] Read more
A chickpea crop in India. (Nikhil Patil/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: India aims to boost production

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MarketsFarm — The window of opportunity for Canadian pulses to be exported to India may rapidly be closing, according to a recent announcement from India’s agriculture minister. At a World Pulses Day event on Monday, Narendra Singh Tomar said the country is on track to self-sufficiency. Last year, the country consumed about 27 million tonnes […] Read more
CBOT March 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat sags on adequate world supplies, fund selling

Corn follows wheat lower; soy flat

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Chicago | Reuters — U.S. wheat futures fell to a seven-week low on Tuesday as signs of adequate global supplies and softening world cash prices triggered a round of what appeared to be fund-driven long liquidation, analysts said. Corn futures also fell while soybeans ended flat to fractionally higher after the U.S. Department of Agriculture […] Read more
(Rahr.com)
Barley, Crops, Markets

Strong export demand, acreage ahead for barley

Lower supplies from Australia benefit Canadian growers

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MarketsFarm — Canadian malting barley acreage is expected to remain high in the coming year, mostly due to strong export demand. Peter Watts, managing director of the Canadian Malting Barley Technical Center in Winnipeg, said tough harvest conditions were partially to blame for lowered malt barley output in 2019. “We had a fairly lousy harvest, […] Read more

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