MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
USDA’s June WASDE report brings few notable changes
Canadian wheat harvest expectation unchanged
U.S. grains: Soybeans up as soyoil touches one-month high
Traders watch U.S. crop weather forecasts
Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May […] Read more
U.S. grains: Wheat futures rebound
Corn, soybeans close firm
Chicago | Reuters — U.S. wheat futures rose on Thursday, bouncing back from a sharp sell-off a day earlier on support from technical buying and concerns about supply disruptions stemming from the Russia-Ukraine war, traders said. Corn and soybeans also closed in positive territory, with old-crop contracts supported by expectations that supplies will remain tight […] Read more
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
U.S. grains: Wheat futures snap winning streak
Corn weak, soybeans mixed
Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more
U.S. grains: Corn, soybeans rise ahead of USDA report
U.S. wheat futures end mixed
Chicago | Reuters — U.S. corn futures rose on Tuesday as investors unwound bearish bets ahead of a key government supply and demand report at the end of the week, traders said. “It is all money flow,” said Karl Setzer, brokerage research lead with Mid-Co Commodities. “When you get down to it, funds have built […] Read more
Fund traders add to bearish bets in canola
Funds also net short in MGEX and CBOT wheat, corn
MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, the net managed money short […] Read more
U.S. grains: Corn, soybean futures sag on demand woes
U.S. wheat futures firm
Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Monday, retreating from gains made during the overnight trading session on signs that already light export demand for U.S. supplies had weakened further, traders said. Wheat futures were firm, with the biggest gains being notched by K.C. hard red winter wheat […] Read more
Rain needed for soybeans, other southern Manitoba crops
Seeded soybeans projected to be up more than 40 million acres from 2022
MarketsFarm – When Toban Dyck started to plant his 600-plus acres of soybeans this year, the soil in the Winkler, Man. area had pretty decent moisture content. But following the combination of hot temperatures and strong winds with little rainfall in May, precipitation is now much needed. “There’s still a little bit of moisture there. […] Read more
Precision planting: Good looks and high yields don’t always go together
Precision-planted crops look great at emergence, but lose that edge if timely rains don't come
Reading Time: 3 minutes If your greatest joy in farming is seeing nice, even emergence, you can’t beat a precision planter. “We tried a bunch of pulse crops, including field peas, chickpeas, lentils, faba beans, soybeans, and we also tried it on irrigated durum and hemp,” said Farming Smarter researcher Gurbir Dhillon. “Seedling emergence and stand establishment improved across […] Read more