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Markets, News

Australia forecasts record wheat crop despite floods

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Reuters – Australia is expected to produce a bumper year of crops including record wheat production in the current financial year, the government said Dec. 6, despite the impact of widespread flooding in the country’s eastern region. Total winter crop production across the country is forecast to total 62 million tonnes, the second highest on
ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Less canola to be exported

Crop expectations from Canada, Australia are factors

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MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat steadies after one-year low

Soybeans firm on China demand, Argentina drought

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Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude
Photo: File
Crops, Markets, Weather

Australia looking at record wheat, canola crops

Near-record winter crop output expected

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MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of
CBOT March 2023 soft red winter wheat with 50-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat slides to 13-month low

Soybeans slip despite demand hopes

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Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders
Rain in farm fields
News, Weather

Waterlogged Australian wheat crop faces extensive quality downgrades

Around half of wheat on east coast may be downgraded, industry analysts say

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Reuters – Flooding and excessive rains across key parts of Australia’s wheat growing areas have resulted in extensive damage to what was expected to be a record high quality crop, exacerbating concerns over world food supplies. A lower quality crop in Australia, the world’s No. 2 supplier of wheat, comes as dryness in North America
Australian wheat crop quality at risk due to heavy rains
Crops, News

Australian wheat crop quality at risk due to heavy rains

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Reuters – Widespread rains in Australia’s eastern grain producing states are likely to downgrade quality of the wheat crop, which is scheduled to be harvested at the end of the year, traders and analysts said. Wheat quality reductions in Australia are set to deepen concerns over global food supplies, with the world heading toward the
Markets, News

Australia eyes record farm export earnings from bumper wheat harvests

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Reuters – Australian farmers are expected to earn a record amount from agriculture exports this financial year, the country’s chief commodity forecaster said Sept. 6, as it raised its estimate on the back of favourable weather and high global prices. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said farm export earnings
File photo of a field pea crop in western New South Wales, Australia. (Alfio Manciagli/iStock/Getty Images)
Crops, Pulses

Pulse weekly outlook: Australia’s winter pulse production mixed

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MarketsFarm — Australia’s 2022 winter pulse crop will see its ups and downs, according to a quarterly crop report released Tuesday by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). Chickpeas saw the largest projected production decline, dropping 41.5 per cent from the 2021-22 marketing year to 621,000 tonnes this year, Australia’s

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