With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
Oilseeds
ICE weekly outlook: Virtually no upside for canola
Forthcoming South American soybean harvest a bearish influence
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
What is war fatigue?
If the West is 'tired' of the war in Ukraine, consider the reality of Ukrainians
As we approached the end of December, my mood, like that of most Ukrainians, was not at all Christmassy. The heroic achievement of 2022, when our lives hung in the balance and our defenders managed to repel the enemy, was replaced by the bloody routine of 2023.
Planter and seed drill join forces
Horsch has created a concept to bring the advantages of a planter to smaller-seeded crops
Is it a planter or a drill? If a concept machine created by Horsch eventually comes to the market, someone might have to invent a new category. “We’re trying to mix and trying to get the best of both worlds, which is a seed drill and a corn planter,” said Laurent Letzler, who manages Horsch
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.
U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts
Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report
Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.
Lower premiums, new pilot for veggies ahead for crop insurance
Crop insurance changes were announced at Manitoba Ag Days on Jan. 16
Manitoba producers can expect lower crop insurance premiums on most products, attendees of Ag Minister Ron Kostyshyn’s Manitoba Ag Days address heard Jan. 16. Average premiums for annual crops under AgriInsurance are expected to hit $16.21 per acre in 2024, down from $19.21 in 2023. It’s a good news, bad news scenario for producers. [VIDEO:
What is war fatigue?
If the West is 'tired' of the war in Ukraine, consider the reality of Ukrainians
In 2023, Ukraine celebrated Christmas for the second time on Dec. 25, instead of Jan. 7, as it was before Russia’s invasion. My friends are divided into two camps. Some planned to celebrate Christmas in a new way, others do not want to change anything. However, this is far from the biggest problem in our lives. As we
Houthi attack on dry bulk ship to boost grain diversions
About twenty per cent of grain shipments diverting around Cape
An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).