CNS Canada — Chicago corn futures chopped slightly higher during the week ended Wednesday, as concerns over South American weather, the U.S. dollar and the public musings of a newly-sworn-in U.S. president spurred some speculative buying. “Those are the three driving forces,” said Scott Capinegro, co-owner of Barrington Commodity Brokers. Both corn and soybeans are […] Read more
CBOT weekly outlook: South American weather steering markets
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
CBOT weekly outlook: Soy, corn to tilt lower moving forward
CNS Canada — Following a U.S. government supply and demand report due out Thursday, soybeans and corn are expected to be sideways to lower as traders anticipate upcoming supplies, one U.S. analyst says. “Technically we’ve kind of ran up to the higher end of our trading ranges. We probably can back off a little bit,” […] Read more
CBOT weekly outlook: Corn, soy positioning ahead of USDA report
CNS Canada — Chicago Board of Trade (CBOT) corn futures chalked up modest gains on the week ended Wednesday, as slow farmer selling and weakness in the U.S. dollar underpinned the market. March corn ended 11 and a half cents higher from the previous week (all figures US$). It was another volatile stretch for corn, […] Read more
CBOT weekly outlook: Soy, corn set to start New Year off weaker
CNS Canada — Fundamental features are likely to pressure technical soybean and corn markets at the Chicago Board of Trade, one U.S. analyst says, keeping a lid on prices into the New Year. Soybeans — “I’m outright bearish on the beans,” said Preston Zacharias, market analyst at CHS Hedging. The January contract for soybeans will […] Read more
CBOT weekly outlook: Soy, corn watch South American weather
CNS Canada — Soybean futures at the Chicago Board of Trade moved lower during the week ended Wednesday, while corn held steady, with South American weather conditions expected to provide much of the direction going forward. “We’re pretty much trading one weather report at a time,” said Sean Lusk, director of commercial hedging with Walsh […] Read more
Large yields keep Manitoba farmers looking to corn
CNS Canada — Manitoba corn growers saw record yields this year despite an adverse harvest — and that trend of big crops is expected to continue, as varieties improve and more farmers commit to the crop. “It appears that the trend is headed toward larger (corn) crops,” said Myron Krahn, president of the Manitoba Corn […] Read more
Toxins could be present in ensiled corn
Reading Time: < 1 minute Watch for the presence of mycotoxins when feeding ensiled corn. When the toxins T-2, HT-2 and DON (vomitoxin) are present, cattle will reduce the amount of feed they eat, said provincial veterinary toxicologist Joe Kendall. “However, if you ensile the standing crop with the mycotoxins present, you are mixing good and contaminated feed together so […] Read more
StatsCan confirms drought impact on Ontario yield
Statistics Canada has confirmed what most farmers in Ontario knew this past summer: Hot and droughty conditions drove production of corn and soybeans almost 10 per cent lower than 2015 levels. StatsCan’s harvest report, released this week, also showed the large wheat crop in Ontario was a record, with a 56 per cent increase in […] Read more
CBOT weekly outlook: Soy waits on Argentine weather, inspections
CNS Canada — Soybean futures on the Chicago Board of Trade hung mostly rangebound during the week ended Wednesday. Attention now shifts to the crop in South America. “People will be watching the Argentine weather situation to see if it has any changes in the second-week forecast of 11 to 15 days,” said Terry Reilly, […] Read more
Cyber-Savvy Farmer
