Generic Hero BannerGeneric Hero Banner
Latest Market News

Canadian planting progress higher on favorable weather

  • Spanish Market: Agriculture
  • 09/05/25

Favorable moisture conditions propelled the pace of planting across the Canadian prairies, with Manitoba and Saskatchewan both reporting above-average planting progress at the start of May.

Manitoba's crops report indicated favorable weather supported the pace of planting across the province, although the provincial crop report did not provide specific soil moisture condition indications. The advantageous weather was reflected in the province's planting pace, which reached 8pc complete as of 6 May, ahead of the five-year average of 6pc.

In Saskatchewan, only 3pc of crop land was reported having surplus moisture soil conditions as of 7 May, down from an average of 4.9pc over the previous five-year period, according to the province's weekly crop report. Crop land rated with adequate moisture condition was reported at 78pc, up from an average of 66pc over the previous five years. Overall, spring planting reached 18pc complete for the province as of 5 May, up from an average of 10pc over the previous five years.

Strong spring start to Canadian grains

Winter crop emergence, and spring planting were both reported as above average for the first week of May, according to the provincial weekly crop updates.

Winter wheat and rye were reported in good conditions across Manitoba, with all portions of the the province indicating positive emergence, early season growth and minimal winter kill as of 6 May. In Central Manitoba, up to 90pc of the crop was reported as surviving the winter and in good condition. Spring planting of wheat, oats, and barely were all reported as progressing either at pace with, or faster than normal at the end of the week across all parts of the province.

In Saskatchewan, spring wheat and durum wheat planting advanced faster than the five-year-average pace , reaching 14pc and 32pc complete, respectively, as of 7 May. The pace of spring wheat planting was above average across most of the province, and advanced the most quickly in the key southwest region, which reached 32pc complete as of 7 May, 20 percentage points above the five-year average. Durum planting was similarly ahead of pace in the southwest, reaching 44pc complete, 28 percentage points ahead of the five-year average.

Saskatchewan spring barley and oat planting reached 19pc and 4.1pc complete as of 7 May. Like wheat, barley planting was ahead of pace across most regions of the provinces, but was the farthest ahead in the southwest, where it reached 52pc complete as of 7 May, 36 percentage points ahead of the five-year average. Oat planting was reported as slightly behind the five-year average, despite all reported regions within the province indicating either average, or above average planting rates as of 7 May. The provincial crop report did not provide an explanation for this, and data in the following week could address this discrepancy.

Canola planting makes early progress

Canola planting has begun in Saskatchewan, and is expected in the following week in Manitoba, according to the provincial reports.

Canola planting reached 9.6pc complete in Saskatchewan as of 7 May, up 5.3 percentage points of the reported average of the previous five years. As with other crops, canola planting was the most complete in the southwest portion of the province, where it was reported as 30pc complete, 21 percentage points ahead of the five-year average.

In Manitoba, spring canola planting was reported as having just began in the central portion of the province, with planting expected to begin in the next week across the rest of the region.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

12/06/25

EPA readies new biofuel blend mandate proposal

EPA readies new biofuel blend mandate proposal

New York, 12 June (Argus) — President Donald Trump's administration is close to releasing two regulations informing oil refiners how much biofuel they must blend into the conventional fuel supply. The two rules — proposed biofuel blend mandates for at least 2026 and most likely for 2027 as well as a separate final rule cutting cellulosic fuel mandates for last year — exited White House review on Wednesday, the last step before major regulations can be released. Previously scheduled meetings as part of the process appear to have been cancelled, another signal that the rules' release is imminent. The Environmental Protection Agency (EPA) has said it wants to get the frequently delayed Renewable Fuel Standard program back on its statutory timeline, which would require volumes for 2027 to be finalized before November this year. Any proposal will have to go through the typical public comment process and could be changed. A coalition of biofuel-producing groups and feedstock suppliers, including the American Petroleum Institute, has pushed EPA to set a biomass-based diesel mandate of 5.25bn USG for 2026, hoping that a record-high target will support biorefineries that have struggled this year. Many plants have idled or run less recently, as uncertainty about future blend mandates, the halting rollout of a new clean fuel tax credit, and tariffs that up feedstock costs all hurt margins. EPA administrator Lee Zeldin also told a House subcommittee last month the agency wanted "to get caught up as quickly as we can" on a backlog of small refiner requests for program exemptions. Courts took issue with EPA's exemption policy during Trump's first term and again during President Joe Biden's tenure, leaving officials now with dozens of waiver requests covering multiple compliance years still pending. It is unclear whether the rule will provide clarity on EPA's plans for program waivers — including whether the agency will up obligations on other parties to make up for exempt small refiners — but biofuel groups have worried that widespread exemptions would curb demand for their products. The price of Renewable Identification Number (RIN) credits used for program compliance have been volatile this year on rumors about these exemptions, which EPA has called market manipulation. RIN trading picked up and prices rose on the news as Thursday's session began. Bids and offers for 2025 ethanol D6 RINs, the most prevalent type currently trading, began the day at 96¢/RIN and 98¢/RIN, respectively. Deals were struck shortly after at 98¢/RIN and 99¢/RIN, with seller interest at one point reaching 100¢/RIN — well above a 95.5¢/RIN settle on Wednesday. Biomass-based diesel D4 RINs with concurrent vintage followed the same path with sellers holding ground as high as 107¢/RIN. By Cole Martin and Matthew Cope Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australian cattle herd hits 30mn head in FY2023-24: ABS


12/06/25
12/06/25

Australian cattle herd hits 30mn head in FY2023-24: ABS

Sydney, 12 June (Argus) — Australia's total cattle herd grew to 30.4mn head in the 2023-24 financial year to 30 June, the Australian Bureau of Statistics (ABS) said today. But separate forecasts indicate numbers could fall over the next few years. Australia's cattle herd grew by about 2pc on the year to 30.4mn head as of 30 June 2024. Beef cattle represents about 93pc of the total herd. Queensland's beef numbers grew by 3pc on the year to 13.6mn head as of 30 June 2024 because of favourable seasonal conditions, accounting for around 45pc of Australia's total beef herd. Herd numbers also increased in South Australia in the 2023-24 financial year, despite most of the state experiencing below or very much below average rainfall over the year, particularly in the southeast of the state where the cattle numbers are concentrated. But the herd is forecast to shrink to 30.1mn head as of 30 June 2025, before declining to 28.8mn head as of 30 June 2027, because of higher rates of female slaughter, according to separate forecasts by Meat and Livestock Australia released in March. By Grace Dudley and Ed Dunlop Australian cattle numbers 000 head FY 23-24 FY 22-23 % ± y-o-y New South Wales* 6,197 6,134 1.0 Victoria 4,166 4,146 0.5 Queensland 13,587 13,238 2.6 South Australia 1,245 1,214 2.5 Western Australia 2,363 2,383 -0.8 Tasmania 880 861 2.2 Northern Territory 1,934 1,925 0.5 Australia 30,373 29,902 1.6 *Includes Australian Capital Territory Source:ABS Australian cattle herd ('mn head) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil’s Mato Grosso corn sales at fast pace


11/06/25
11/06/25

Brazil’s Mato Grosso corn sales at fast pace

Sao Paulo, 11 June (Argus) — Farmer sales in Brazil's central-western Mato Grosso state in May advanced at a faster pace for the 2024-25 corn crop, whose harvest began in the week of 16 May. The 2024-25 corn crop sales rose by 7.4 percentage points to 51.1pc negotiated by late May, according to the state's institute of agricultural economics Imea. This is 14.9 percentage points above 2023-24 crop sales a year earlier, but the pace was still below the five-year average of 60.9pc for the period. Forward sales for the 2025-26 corn crop advanced by 2 percentage points to 5.8pc, also ahead of the previous cycle's pace of 2.9pc in the same period of 2024. That level is behind the five-year average of 15pc for the same period. Sales for Mato Grosso's 2023-24 corn crop are nearly finished, advancing to 99.6pc from 99.2p c in April, slightly ahead of the 99.4pc from the five-year average for the period. The state finished harvesting its 47.2mn t output under the 2023-24 season by August 2024. The 2022-23 crop was 97.4pc sold a year ago. Soybean Sales for the 2024-25 soybean crop advanced by 5.5 percentage points to 76pcin May, according to Imea. The crop has been fully harvested since 7 April. That is 1.9 percentage point below the 77.9pc negotiated for the previous crop a year earlier and the five-year average of 82.4pc. Forward sales for the 2025-26 soybean crop — whose planting starts in September — ended May at nearly 14.2pc completion, up by 3.4 percentage points on the month. That is almost 2.4 percentage points below the 16.5pc completion from the same month in 2024 and the five-year average of 25.7pc. Cotton lint Forward sales for the 2025-26 cotton lint crop — whose planting begins in December — advanced by 4.2 percentagepoints by Mayto 20.2pc of the expected output. That is almost 7 percentage points ahead on the year and compares with a five-year average of 25.9pc for the period. The 2024-25 cotton lint crop sales advanced by 2.8 percentage points to almost 62.8pc completion. The cycle has been fully sowed since 28 February and harvesting should begin in June. The current pace surpasses last year's by 2.8 percentage points but is behind the five-year average of 71.1pc. Mato Grosso's 2023-24 cotton lint sales reached 97.5pc by late May, from 94.3pc a month before. This is 1.2 percentage points above a year earlier for the 2022-23 crop, while the five-year average is 97.7pc. By Sofia Zizza Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil inflation eases to 5.32pc in May


10/06/25
10/06/25

Brazil inflation eases to 5.32pc in May

Sao Paulo, 10 June (Argus) — Brazil's inflation slowed to an annual 5.32pc in May, snapping a three-month upswing since February, according to government statistics agency IBGE. The country's annualized inflation slowed from 5.53pc in April but was up from 4.56pc in January. Shelter costs, which include utilities, posted the largest gain in May, rising to an annual 4.53pc from 4pc in April. The acceleration took place thanks to a federal increase in power tariffs last month because of dry weather hampering hydroelectric power generation, which is Brazil's main power source. Transportation costs decelerated to 4.64pc in May from 5.49pc in April, in part driven by an annualized 13.16pc contraction in airplane tickets. Motor fuels also decelerated to 7.95pc in May from a 9.23pc gain in the month prior. Gasoline, ethanol, diesel and compressed natural gas (CNG) prices all fell in May, following some readjustments by state-controlled Petrobras . Food and beverage costs slowed to an annual 7.33pc in May from 7.81pc in April. Soybean oil prices eased to 21.1pc from 22.83pc. Brazil's monthly inflation slowed to 0.26pc in May from 0.43pc in April. That is the third monthly decline and the lowest rate since January. The country's decelerating inflation is partially thanks to the central bank's course of tightening, hiking its target rate to 14.75pc in early May. That was the sixth increase in a row since September, aimed at cooling the economy and boosting the real currency following sharp depreciation last year. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Mexico inflation quickens in May


09/06/25
09/06/25

Mexico inflation quickens in May

Mexico City, 9 June (Argus) — Mexico's consumer price index (CPI) accelerated to an annual 4.42pc in May, with strong pressures on meat and egg prices and modest acceleration in core inflation. The index increased for a fourth consecutive month, accelerating from 3.93pc in April after reaching a four-year low of 3.59pc in January. The result from statistics agency Inegi came in above the 4.37pc median estimate of analysts polled in Citi Research's 5 June survey to reach the fastest inflation since November 2024. It also pushes CPI to above the central bank's long-term objective inflation range of between 2pc and 4pc. Nevertheless, the central bank has been clear in its communication that the rate-cutting cycle will continue, with a likely half-point cut in the target interest rate to 8pc at the next policy meeting on 26 June. Core inflation, which excludes volatile food and energy, reached an annual 4.06pc in May from 3.93pc in April, ending a run of eight consecutive months below the 4pc level. Within the core, consumer goods inflation rose to 3.67pc from 3.38pc the previous month. while services accelerated to 4.63pc from 4.56pc in April. Meanwhile, annual non-core inflation surged to 5.34pc in May from 3.76pc in April, largely tied to agricultural goods prices. Annual energy inflation in May reached 3.5pc with regular 87-octane gasoline inflation just 0.54pc, as prices remain capped at Ps24/l ($4.78/USG) under a voluntary price cap between fuel retailers and the government. Month-over-month, headline CPI rose by 0.28pc in May after a 0.33pc increase in April. Core prices were up by 0.30pc from 0.43pc from April, while non-core prices sped 1.24pc, driven by a 3.5pc month-over-month acceleration in meat and egg prices, as well as produce prices speeding 2.8pc from April. This more than offset the moderation in energy prices with a second tranche of seasonal subsidies starting in May, slowing electricity inflation 18pc monthly. Looking ahead, Mexican bank Banorte said it would continue to monitor inflationary pressures on eggs and poultry after a ban on the import of the products from Brazil, as well as the evolution of the screwworm outbreak in the south of the country and on the coming tropical cyclone season and its impacts on fruits and vegetables prices. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more