CNS Canada — Soybean futures at the Chicago Board of Trade look technically bearish, one U.S. analyst says, but spec-longs may keep support in the market. Corn futures, meanwhile, are expected to continue in a rangebound trend. “Corn is still basically in a trading range; it doesn’t excite people. Beans, they’re all over the place,” […] Read more
CBOT weekly outlook: Technicals trump recent support in soy
CBOT weekly outlook: Soy, corn still rangebound despite recent gains
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but have little fundamental reason to continue in that direction, according to an analyst. Looking at corn, that market will be stuck in a sideways trading range for the foreseeable future, according to Preston Zacharias, […] Read more
CBOT weekly outlook: Corn, soy have room to decline further
CNS Canada –– Soybeans and corn at the Chicago Board of Trade are likely to trend lower as traders focus on the U.S. dollar’s recent strength. “This is a currency-driven market; we think the currency has moved too fast, too soon,” said Terry Reilly of Futures International, LLC. The U.S. dollar moved to a fresh […] Read more
Monsanto to bring DuPont corn treatment to East
A DuPont insecticide will be rolled into use next spring in Eastern Canada as a seed treatment on Monsanto’s DeKalb corn. The two companies on Tuesday announced they will market DuPont’s Lumivia insecticide seed treatment in Eastern Canada on seed corn for the 2017 sales season, as part of Monsanto’s Acceleron Seed Applied Solutions offerings. […] Read more
CBOT weekly outlook: Soybeans, corn trending lower
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have come down over the past week, and may be headed lower as both fundamental and technical signals look bearish. January soybeans have a downside target of $9.40-$9.50 per bushel, said Terry Reilly of Futures International in Chicago (all figures US$). Improving […] Read more
CBOT weekly outlook: Harvest pressure seen easing
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of solid export demand and a rally in world vegetable oil markets. The front-month contract moved well above the psychological $10 per bushel mark, which may […] Read more
CBOT weekly outlook: Large U.S. soy, corn crops hit resistance
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have moved up over the week ended Wednesday, but remain stuck in sideways trading ranges overall as large crops find themselves countered by equally large demand. “It’s a tug-of-war between the biggest supply ever, versus some of the strongest demand we’ve ever […] Read more
CBOT weekly outlook: Corn, soy likely rangebound
CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a […] Read more
Quebec farmer wins ‘Seed for Life’
Farming continues to grow more complex, as costs vary for land, fuel, fertilizer, equipment, chemicals and seed, many of which can challenge a grower every year. But what if seed costs were greatly reduced — not just for one year, but for 25? The question of “What if?” no longer applies to Marc-Andre Pilon, who […] Read more
Corn trait’s action on western bean cutworm seen ineffective
Ontario entomologists have similar concerns to U.S. counterparts who have taken an unusual step by sending an open letter to seed companies about failures in control of western bean cutworm (WBC) by the Cry1F trait. Seven leading U.S. agriculture entomologists posted the letter this week, after a high-WBC-pressure year in the U.S. Midwest caused them […] Read more
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