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Local residents on June 9 evacuate cattle on a barge from the Mykolaiv-region village of Afanasiivka, which was partly flooded in the Nova Kakhovka dam breach amid Russia’s attack on Ukraine.
Grain Markets, Markets

Floods, dryness, data wear on wheat

Crops in Ukraine, China and North America face pressures

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If one were to describe the wheat price situation using movie titles, the best pick would be Everything Everywhere All At Once. Prices were already affected by weather and the near-end of the spring wheat planting season. The U.S. Department of Agriculture’s monthly world agricultural supply/demand estimates were released June 9 and the U.S. Federal
ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

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MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an
Viterra’s oilseed crush plant at Becancour, Que. (Viterra.com)
Crops, Markets

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential

Canada's Competition Bureau pledges to review deal

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Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase
Table 1. Range of measurements of seven-day accumulated precipitation in Manitoba’s agricultural regions.
Crop Report, Crops, Weather

Storms force re-seeding in some areas, pea crops see good emergence

Manitoba Crop Report: Issue 5 (week 24)

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Weekly provincial summary Precipitation was variable across agro–Manitoba from June 5 to 11 with values ranging from 0 to 82.7 mm (see Table 1 at top). Isolated storms brought significant rainfall to areas in the Northwest regions on June 7 and 8, especially near San Clara and Rivers. San Clara (82.7 mm) received the most
(File photo by Dave Bedard)
Crops, Markets

Fund short position grows in canola

Traders net long in soy, K.C. wheat

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MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money
Oilseed crushing and renewable diesel facilities questioned putting money into new developments.
Markets, News

Bigger-picture influences hover around weather market

A decision on U.S. biofuel blending mandates is pending

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I was recently at the dentist to deal with a cracked tooth. After the drilling and filling was complete, the freezing took a few hours to wear off, which left me in a state of uncertainty. Will I ever eat or speak properly again? Was everything fixed? Will it still hurt to bite on that
Survey to flesh out Canadian canola storage
News, Oilseeds

Survey to flesh out Canadian canola storage

The University of Manitoba hopes the survey will provide a full picture of on-farm realities

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Researchers from the University of Manitoba want to hear all about canola storage on your farm. A survey, also posted through the Canola Council of Canada’s Canola Watch, aims to provide better data on how farmers store the oilseed, how they dry it, the storage and drying issues they face and how they try to solve those problems. Why
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA’s June WASDE report brings few notable changes

Canadian wheat harvest expectation unchanged

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MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates.

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