Corn, wheat and soybeans all held near their lowest levels in months, if not years, in the week following Canada Day.
Corn keeps markets bearish
The USDA reported sky-high corn plantings this season, surprising the trade
Bovine bird flu reports still at zero in Canada
Results of a national testing program conducted by the Canadian Food Inspection Agency (CFIA) released June 18 showed no evidence of the highly pathogenic avian influenza (HPAI) in the country’s milk supply. "Commercially sold milk and milk products remain safe to consume," said a release from the CFIA and the Public Health Agency of Canada (PHAC). It was also noted that even if traces of the virus were found, the pasteurization process would have rendered them harmless.
Canola markets under pressure
Prairie rains raises optimism for bigger crop, weighs on prices
Right now, notwithstanding a myriad of factors, canola prices on the Intercontinental Exchange, at $620 to $650 per tonne,are at their lowest for this time of year since 2020.
June 12 WASDE report, by the numbers
USDA and StatCan reports can generate market action or shrugs
Highlights of the USDA's June 12 World Agriculture Supply and Demand Estimates included downward revisions to Russian wheat production and Brazil's soybean crop, and an increase in the U.S. wheat production estimate, but it was largely filed under the non-event category.
Outside influences on the grain market
Macroeconomic forces such as interest rates and the Canadian dollar are set to weigh in
Macroeconomic forces are set to weigh in on grain markets.
Improved Canadian pest control product regulations proposed
Proposed amendments to Canada’s pest control product regulations (PCPR) will provide greater transparency while enhancing environmental protection, according to an announcement from Health Canada on June 17.
Sideways trade expected to emerge
There aren’t a lot of market catalysts on the horizon
Export movement remains lacklustre at best, but canola is said to look more attractively priced internationally.
Feed weekly: Prairie barley market steady with good new crop projections
Feed barley bids are holding relatively steady in Western Canada, showing little movement over the past month as end users await the new crop amid relatively favourable growing conditions. Drought fears had encouraged some demand earlier in the year, but “now that those fears have been alleviated, (buyers) are starting to dig in,” according to
Family farms at risk from higher capital gains rates: GGC
[UPDATED: June 11, 2024] Glacier FarmMedia – Looming changes to Canada’s capital gains inclusion rates will increase average taxes by 30 per cent on the country’s family-run grain farms, putting their futures at risk, according to research conducted by the Grain Growers of Canada (GGC). “Our research shows that an average grain farm in Canada,
The complexities of wheat around the world
There are more variables than usual influencing sales and prices
Wheat is always being planted and harvested somewhere in the world. Canadian spring seeding is wrapping up just as the winter wheat harvest starts in the southern United States. It makes for a dynamic marketing picture. Russia/Ukraine: The amount of wheat grown in Russia and Ukraine could have an outsized influence on commodities. Frosts, coupled with lack of
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