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Agriculture news from week 6

USA and Canada Durum has potential to make gains Canadian durum prices have likely already peaked for the 2022-23 marketing year but there are plenty of factors that could drive durum markets higher in 2023-24, says a market analyst. Locking in a portion of the 2023 harvest might not be a bad option for some […]

Agriculture news from week 5

USA and Canada North American Grain and Oilseed Review: Canola turns around for strong finish WINNIPEG – Intercontinental Exchange (ICE) canola futures closed higher on Friday, after overcoming earlier losses. That’s despite hefty pressure from significant losses in global crude oil that put pressure on vegetable oils , as well as those in Chicago soyoil. […]

Agriculture news from week 4

USA and Canada Ag lender predicts profitable crop year Canada’s leading farm lender is forecasting another good year for farmers in 2023. Farm cash receipts are expected to increase by 4.6 percent to $98.8 billion, according to Farm Credit Canada. The rate of growth will be down from last year’s 14.1 percent, but is still […]

Agriculture news from week 3

USA and Canada USDA reports supportive to grains The grains finished the second week of January with gains due to support from USDA’s friendly data dump on Thursday. The grains started the week posting losses in the first two sessions but posted strong gains the last three sessions of the week. By the end of […]

Agriculture news from week 2

USA and Canada Demand for U.S. crops weakens in January The markets in the first week of January changed course from how the grains left 2022. Wheat was hit the hardest as all three exchanges flirted with recent contract lows with Kansas City trading to a new contract low before the week was over. The […]

Agriculture news from week 1

USA and Canada Pork Exports Gain Momentum; Beef Export Value Sets Annual Record November exports of U.S. pork reached a 2022 high in both volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Even though November beef exports were below the large year-ago totals, 2022 export […]

Agriculture news from week 52

USA and Canada U.S. Soybean Processing Industry Explodes: Push for Low Carbon Fuels Drives Expansion and Profits for Farmers It’s one of the fastest growing industries in ag, soybean processing, with several companies announcing plans to build facilities in the coming years.  The latest ones we told you about earlier this month.  Bunge has plans for a […]

Agriculture news from week 51

USA and Canada Market shrugs off poor U.S. wheat start The wheat market is shrugging off one of the worst starts to the U.S. winter wheat crop in decades. An estimated 34 percent of the crop was rated good-to-excellent as of Nov. 29, which was the U.S. Department of Agriculture’s last weekly Crop Progress report […]

Agriculture news from week 50

USA and Canada Alarm sounded on canola exports Canada’s canola exports will fall way short of Agriculture Canada’s forecast and that means increased carryout and pressure on prices, says an analyst. Agriculture Canada is forecasting 9.3 million tonnes of exports in 2022-23. That is not the number that PI Financial Corp. canola analyst Ken Ball […]

Agriculture news from week 49

USA and Canada Heavy selling creates downturn in corn, wheat markets The transition from November to December was a rough one for wheat and corn while soybeans handled the flip of the calendar page a little better. The last few days of November had the grains trading in a back-and-forth fashion and not really going […]