Canada's two big railways will have a $7.1 million Christmas present for the Western Grains Research Foundations following a ruling they exceeded their revenue caps in 2022-23.
Cereals
Railways blast past revenue cap
Grain moved was up 60 per cent from last season on drought recovery
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.
More local barley destined for rations, but U.S. corn still moving
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.
U.S. grains: Soybeans fall on Brazilian rain forecasts
Corn up on technical bounce, wheat up on weaker dollar
Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
China to push for higher grain yields to ensure food security
Chinese corn breeders are preparing to double the amount of GMO corn planted next year
China, the world's top buyer of soy and corn, will push for higher grain yields across large areas of farmland as it seeks to ensure food security for its huge population, state media reported on Wednesday, citing an annual rural policy meeting.
U.S. grains: Chicago corn futures hit new lows
Exports being lost because of US-Mexico rail crossing closures, industry says
Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.
Sequence of oat genome a major step forward
The result is a roadmap that will help tame the crop’s genetic complexity
Glacier FarmMedia – In a region dominated by canola and wheat, oat production can be undervalued. But those who grow it for food markets, work in the seed trade or feed it to livestock defend the crop’s production and value. That is why the recent sequencing of the oat genome is viewed with anticipation. Creation
U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes
Good export demand also underpinned soybeans
U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.
U.S. grains: Soy posts first weekly gain in 1-1/2 months
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.
Prairie cash wheat: Most Western Canadian cash prices drop
Surge in Canadian dollar weighed on Prairie cash prices
Wheat prices across the Canadian Prairies fell back for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum were mixed.