Crops

Canadian National Railway has upped its financial forecast for the year after reaping record first-quarter revenues from a bumper grain crop and higher oil prices. The sunny outlook comes despite the C-E-O expecting a shrinking economy throughout much of the year, as volumes sag for shipping containers and some bulk cargo. Chief executive Tracy Robinson […]

There will be slightly more wheat and canola acres seeded in Canada this year compared to last year, if traders and analysts are correct with their estimates  Statistics Canada will release its first survey-based acreage estimates for the 2023-24 marketing year tomorrow (Wed). Other than drier and cooler conditions in southern Manitoba, the weather outlook for Western […]

The Prime Minister of Poland claims European Union measures to help farmers affected by a glut of Ukrainian food imports are too little too late. On Friday, the government approved 3.23 billion dollars Canadian in aid for Polish agriculture. Central European countries are trying to thrash out a deal with Brussels on EU-wide measures to help […]

Russia’s former president says that if the G7 moves to ban exports to Russia, Moscow will respond by terminating the Black Sea Grain deal that enables vital exports of grain from Ukraine. Russia has repeatedly threatened to scrap its participation in the grain deal, which is due to expire on May 18th. The G7 is […]

The Canola Council of Canada (CCC) has begun the process of searching for the next president & CEO of the organization. Current president, Jim Everson, announced his departure earlier this month, and will continue in the role until a new president & CEO is in place. The executive committee of the CCC board has selected […]

Agriculture and Agri-Food Canada released its latest supply/demand projections on Friday. Canola ending stocks for both the current marketing year and 2023-24 were raised slightly. The government agency lowered its canola export forecast for 2022-23 by 200,000 tonnes from March, now pegging movement at 8.4 million tonnes. With domestic usage left unchanged at 9.738 million tonnes, ending […]

Grain markets were showing downward movement this week. P.I. Financial commodity futures advisor Adam Pukalo says the July canola contract is down 20 dollars per metric ton, while spring wheat futures (July Minneapolis Wheat) have declined about 20 cents a bushel, at under $8.50 a bushel. There are two factors, Pukalo says, for the canola […]

The U.S. Department of Agriculture’s attaché in Spain is projecting an increase in grain production for the European Union in 2023-24. In the USDA’s Global Agricultural Information Network report released Wednesday, the attaché pegged the EU’s 2023-24 grain production at 284.7 million tonnes, 17.9 million more than this year’s crop which was hampered by drought. Initial crop conditions were […]

The International Grains Council has raised its estimate for total world grain production in 2023-24. Its forecasts on corn and soybeans were increased as well, while production estimates for wheat were held steady. The London-based IGC issued its latest supply and demand report yesterday (Thu). World grain production was bumped up by eight million tonnes from the […]

The French health safety agency has cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process. That averted a halt to shipments from the EU’s top grain exporter. In late October, the agency cleared the use of phosphine tablets used for killing pests through fumigation, but said […]