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(Dave Bedard photo)
Crops, Markets

AAFC supply/demand estimates mostly unchanged

Wheat exports up, but domestic usage cut

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MarketsFarm –– Supply/demand estimates for Canadian crops were largely left unchanged in Agriculture and Agri-Food Canada’s (AAFC) latest projections, with only the wheat numbers seeing small adjustments in the report released Tuesday. Projected Canadian wheat exports for the 2022-23 marketing year were raised to 24.3 million tonnes, up by 200,000 from the February estimate. Domestic
(Richardson International video screengrab via YouTube)
Crops, Markets

Canola crush of 2022 smallest in five years

Meanwhile, soybean crush rose on the year

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MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola drifts downward with soybeans

Wheat's recent decline may spur canola acres

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MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean
(Dave Bedard photo)
Crops, Markets

AAFC revises crop estimates

Export, new-crop production outlooks revised lower for flax

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MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was
(Xinzheng/Getty Images)
Crops

China to plant more soy, speed up GMOs to ensure food supply

Beijing reiterates goals to increase soy acres, intercrop with corn

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Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports
ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

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MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Choppy trading for canola, other oilseeds

Signals not pointing to course change for now

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MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are very choppy and erratic. They’re very nervous markets,” Ball emphasized, noting war in Ukraine and drought in Argentina are having some of the biggest impacts
“The little worm gets inside the root and injects something into the vascular tissue of the plant. This actually changes the biology of those plant cells and they start producing food for the nematode. It’s fascinating.” – Greg Tylka, Iowa State University.
Crops, Oilseeds, Pulses

SCN: The new tough guy on the block

Soybean cyst nematode’s survival mechanisms make it difficult to monitor and control

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Soybeans arrived in Manitoba in the early 20th century, but it took another 100 years for them to become a major crop. Now, almost two decades into the 21st century, an old enemy from the homeland has finally followed. Soybean cyst nematode (SCN) is already a serious pest in the soybean belt of the American Midwest. It is
“Don’t be happy to have one set of resistance genetics available for your farmers. Keep working to develop that second one because that first one will eventually wear out.” – Greg Tylka, Iowa State University.
Crops, Oilseeds, Pulses

Tracing roots for a strategy against soybean cyst nematode

How soybean ancestors helped scientists tease out SCN resistance

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If there’s an answer to soybean cyst nematode, it may lie in the soybean family tree. Soybean cyst nematode (SCN) has been a tough problem since it first appeared in North America back in the 1950s. It’s a soil-bound pest so it can’t be sprayed. Instead, the solution must be found through biology—finding a weak
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Markets

Commodity merchant Louis Dreyfus creates food solutions unit

Company to draw on existing oilseeds processing portfolio

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Paris | Reuters — Agricultural commodity merchant Louis Dreyfus Co. (LDC) has created a food and feed solutions business line as part of efforts to diversify its activities in step with consumer trends, the company said on Tuesday. The new unit will focus on developing LDC’s presence in the lecithin, glycerine and specialty feed protein

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