The nitrogen fertilizer market is expected to remain firm heading into the ’24 planting season thanks to several global supply/demand factors, according to ADM Fertilizer’s Saskatchewan-based urea product line manager. With natural gas prices in Europe having dropped precipitously from their highs in 2022, the nitrogen market has turned its attention elsewhere, explains Noah Bishop,… Read More

It’s time for the Frontlines podcast! Shaun Haney is joined by Jacob Shapiro of Cognitive Investments, to tackle the top geopolitical issues impacting agriculture. Up for discussion in this episode: Skirmish in the Red Sea — the U.S. is working to stop Iran-backed Houthi attacks in the shipping lane Logistics are definitely impacted, but is… Read More

The U.S. Department of Agriculture added to the bearish tone in grain markets with larger-than-expected yield, production and stocks estimates in a series of reports published on Friday. Both the headline corn and soybean yield numbers for 2023 were higher than all trade estimates prior to the report, with corn yield pegged at a record… Read More

How much crop have you got priced already? The last few years are the exception to the rule, where waiting to price at least some crop proved the better move. On average, incremental sales when the market moves in your favour is a sound grain marketing strategy. Current grain prices haven’t got many very excited… Read More

It’s not quite hitting the Canadian grain shipping corridors yet, but global issues with two canals and one border could have large impacts on world grain and product supplies. Let’s start in the Suez Canal. While not the highest ranking for grain movement, any disruption to a major shipping route has trickle-down effects on others…. Read More

The union representing employees who work at Viterra’s elevators in Saskatchewan and at the grain company’s head office in Regina is planning to make a decision in early January on whether to move ahead with strike action. Members of the Grain and General Services Union (GSU) Local 1 (Viterra Country Operations and Maintenance) and Local… Read More

The Indian government has temporarily cancelled its longstanding and prohibitive tariff on yellow pea imports. A government order published Thursday completely removes the 50 per cent duty on peas effective Dec. 8, 2023 through March 31, 2024. Prior to the tariff taking effect in November 2017, India was Canada’s largest market for peas, accounting for… Read More

ADM and Marathon Petroleum Corp. held a ribbon-cutting ceremony on November 14 to celebrate the opening of their joint venture soybean processing facility at Spiritwood, North Dakota. Green Bison Soy Processing is the state’s first soybean-specific processing complex, and a major step towards meeting increased demand for renewable diesel, the companies say. The facility —… Read More

 

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