Global food prices rise after Russia ends grain deal and India restricts rice exports

Aug 4, 2023 | 3:06pm

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, […]

Grain Market: November Canola past the 800 dollar mark, wheat futures also up

Jul 14, 2023 | 5:22pm

Some positive movement in the grain markets this week. Future Commodity Advisor with P.I. Financial Adam Pukalo says the ICE Future Canola contract for November was up about 53 dollars a ton for the week, pushing the price up to about 814 dollars. He says this is an increase of approximately 200 dollars since the […]

B.C. port strike enters day five, with talks deadlocked over maintenance

Jul 5, 2023 | 6:52am

Talks between maritime employers and the union representing British Columbia port workers remain deadlocked over maintenance issues as a strike by the workers enters its fifth day. Both sides have issued statements singling out a maintenance deal as the reason talks stalled Monday, leaving more than 7,000 workers at 30 ports across B.C. on strike since Saturday morning. The International Longshore […]

Grain market this week: canola futures rebounded, wheat slightly higher

Jun 9, 2023 | 4:39pm

A Commodity Futures Advisor with P.I. Financial described the performance of wheat futures over the last two weeks as “trading sideways.” Adam Pukalo says the July Minneapolis Wheat contract increased about 5 cents a bushel for the week. The July Canola contract however rebounded by 30 dollars for the week, and Pukalo says that contract […]

July canola and wheat futures continue to decline

Jun 2, 2023 | 2:49pm

Another week has come and gone, and the grain markets were on a downward trend, especially the July Canola contract. Future Commodity Advisor with P.I. Financial Adam Pukalo says the price for July canola declined by about 30 dollars a ton for the week. “The last couple days we’ve see a recovery, but really still […]

Opening Grain Prices Tuesday, May 30

May 30, 2023 | 9:16am

Opening grain prices Tuesday, May 30 Durum 407.80 Feed barley 345.61 Canola 663.82 Chickpeas 1058.22 Flax 541.98 Lentils 759.50 Oats 220.32 Yellow Peas 373.66 Feed wheat 268.90 1 Red Spring Wheat 359.25

Viterra in merger talks with Bunge

May 27, 2023 | 11:28am

The agricultural world is abuzz with talk about this potential merger between grain giants Viterra and Bunge. There are wide spread reports that the two companies are talking about a merger, but neither side is willing to admit it. This is not the first time the two rivals have been in talks to merge.  In […]