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(Greg Berg photo)
Crops, Markets, Weather

StatsCan predicts more Canadian wheat acres, less canola in 2022

Lentil, corn, soy acres are also expected up from 2021, barley down

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MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the
The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets

ADM, Bunge expected to post strong results as Ukraine war ignites demand

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Chicago | Reuters – A string of strong quarterly profits by global agribusinesses Archer-Daniels-Midland Co ADM.N and Bunge Ltd BG.N likely continued in the first quarter despite surging crop costs and global supply chain disruptions triggered by Russia’s invasion of Ukraine, analysts said ahead of earnings releases this week. Both companies capitalized on good oilseed
Governments need to reform the current suite of business risk management programs so that they meet the risks farmers are facing today.
Comment, Op/Ed

Comment: Disease, drought, and war – a time of volatility

Despite these challenges, farmers remain surprisingly optimistic

By
Anyone who tells you that they know where commodity prices will be six months from now is either being misleading or fails to have a firm grip on reality. We are in a time where contradictory pressures on supply and demand are combined with political upheavals. As a result, farmers can expect an extended period
(Dave Bedard photo)
Crops, Markets

Drought fears, fertilizer may affect Canadian acreage estimates

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MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching
CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

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Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend. Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export
Soybean grower Austin Rincker installs high-speed planting conversion components on a planter at Moweaqua, Illinois on March 6, 2019.
Weather

Cold spring weather prevents early U.S. planting

Reuters’ Crop Watch will follow corn and soy fields in nine states

By
Reuters – It is too early yet for U.S. corn and soybean planting to be in full swing, but Crop Watch producers will certainly not get an early start this year due to cold, and in some cases, wet conditions. The only Crop Watch farmer who has begun his planting efforts is in Kansas, owing
The UN says that the price of food could rise by up to 20 per cent as a result of the conflict in Ukraine, raising the risk of increased malnutrition.
News

Food prices hit record high in March, UN agency says

Ukraine conflict driving commodity price hikes

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Reuters – World food prices jumped nearly 13 per cent in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded food
Critics of the existing regulatory framework say cereals productivity has lagged, while others say the numbers don’t support this assertion.
Cereals, News

Analysis: Seed Summit long on rhetoric, short on specifics

Seed firms may not like the rules, but they don’t seem to have much sense of what they’d like to see replace them

By
Three meetings, over three weeks, and a total of nine hours later, Brett Halstead says he still doesn’t know what regulatory changes the seed industry wants. “I still haven’t really heard what the problems are,” the Saskatchewan farmer and chair of the Saskatchewan Wheat Development Commission said during the final online Seed Summit meeting Feb.

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