A cornfield near Victoria, about 300 km northwest of Buenos Aires, on Jan. 13. Agencies have cut back their forecasts for Argentina’s corn and soybean crops due to recent heat and drought.

Not the best week for canola

Oilseed traders’ eyes are now on South America’s forecasts

Old-crop canola ran into a tough week on ICE Futures with the nearby March contract retreating by more than $50 per tonne. Also, the May 2022 contract gave up over $40 per tonne while new-crop November remained relatively firm. Part of this pullback was that old-crop canola simply became too expensive when compared to other



Russian service members take part in tactical exercises of an assault engineering unit at a training ground in Kamensk-Shakhtinsky in southwestern Russia’s Rostov region on Jan. 17, 2022. (Photo: Reuters/Sergey Pivovarov)

CBOT weekly outlook: Prices up on hot weather, growing tensions

MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed





(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market remains firm

Compared to last week, western Canadian yearling prices were steady to $3 lower on average; calves were relatively unchanged but limited numbers were on offer. Strength in the Canadian dollar appeared to temper demand from south of the border in the 750-plus-lb. weight categories. Last week was the first full week of sales in both

CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soy eases on outlook for rain on South American crops

Corn inches higher; CBOT wheat touches one-week low

Chicago | Reuters — Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American growing areas, analysts said. Soybean futures have retreated about three per cent since reaching July highs a week ago on concerns about


Ukraine grain exports up sharply so far in 2021-22

Ukraine has exported 33.2 million tonnes of grain so far in the 2021-22 July-June season, up 25.7 per cent from the same stage a season earlier, Agriculture Ministry data showed on Thursday. The total included 16.1 million tonnes of wheat, 5.2 million tonnes of barley and 11.5 million tonnes of corn, the data showed. Agriculture

The latest Canada’s Food Price Report predicted overall food prices would rise five to seven per cent in 2022, the highest predicted rise in the 12-year history of the report.

Processors, retailers to blame for food prices, not farmers, says NFU

NFU interpretation of price data, call for reduced consolidation is misguided, say analysts

Food processors and retailers have pushed food prices upward even as prices paid to farmers have been largely stagnant, the National Farmers Union said in a statement late last year, which attributed rising food costs to rising corporate power. “Consumers need to know that less and less of the money they spend on food actually