With Brazil having faced opposing weather extremes, there’s little surprise the United States Department of Agriculture attaché cut their soybean production estimate for 2023/24. The Brasilia desk reduced its call from a record 162 million tonnes to 158.5 million in its latest report.
USDA Brazil attaché cuts soybean projections for 2023/24
Several firms have dropped Brazil soybean projections on seeding delays, weather
Brazil’s soybean harvest kicks off with low yields in Mato Grosso
Crops suffered from lack of humidity; now rains are hampering harvest in some areas
Brazilian soybean farmers have begun to reap their 2023/24 soybean crop, covering some 0.6 per cent of the national planted area as of last Thursday, agribusiness consultancy AgRural said on Monday.
U.S. grains: Soy sags for third week on Brazil rains; corn hits contract low
Corn futures set a contract low; wheat prices advanced
Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans
Wheat futures rebounded from one-month low; corn stabilized
Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.
Researchers study verticillium yield losses
Team behind blackleg and clubroot yield loss models tackles new canola disease
Reading Time: 3 minutes Glacier FarmMedia – Canola industry leaders have been worried about verticillium stripe and its impact on crop yields for several years. Reports out of Europe suggest the fungal disease could cause losses of 10 to 50 percent on oilseed rape. However, extreme losses are usually confined to a small number of fields in England and […] Read more
ICE weekly outlook: More room to the downside for canola
Vegetable oil markets also became weaker
Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
Interpreting seed test results
Reading Time: < 1 minute Seed tests are a great way for producers to learn seed quality and health. Testing seed after harvest and again in the spring can provide seed management insights. A fall seed quality test gives an indication of the grain’s potential as seed. Spring testing gives insight into changes that may have occurred during winter storage. […] Read more