Crops
MarketsFarm — Harvest operations for soybeans and corn are in their early stages, with seasonal selling pressure likely to limit any upside potential in the futures markets over the next few weeks. However, both commodities have found nearby support on the other side keeping values rangebound overall. The U.S. soybean harvest was 12 per cent […] Read more
CBOT weekly outlook: Soy, corn trade watch harvest weather
USDA to publish quarterly stocks data Friday
U.S. grains: Corn, soyoil boosted by rising energy prices
Wheat down on reports of low-priced Egyptian import tender
Reuters — Chicago corn futures rose on Wednesday, rebounding from losses a day earlier, as ethanol feedstock enjoyed a boost from a rise in energy prices that also lifted soyoil futures, analysts said. Wheat futures fell at the Chicago Board of Trade, and K.C. hard red winter wheat futures hit a two-year low. The most-active […] Read more
Transport Canada to review Bunge-Viterra marriage plans
Competition Bureau also to probe proposed deal
Canada’s federal transport department will conduct its own review of U.S. grain giant Bunge’s plans to buy and merge with Viterra — with an eye particularly on both companies’ stakes in Canadian port terminals. Transport Minister Pablo Rodriguez announced Tuesday that his department will review the deal under the mergers and acquisitions provisions of the […] Read more
Tightening canola stocks projected, AAFC says
Wheat, barley, oat, pea stocks also projected lower
MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one […] Read more
Canada books stronger August deliveries of most major grains
Wheat, canola up; barley, durum down
MarketsFarm — Deliveries of most major grains in Canada were higher in August than a year ago, according to Statistics Canada. The federal agency issued its monthly deliveries report on Tuesday, showing total deliveries last month came to 5.103 million tonnes, up nearly 15 per cent from the previous August. Wheat deliveries (excluding durum) tallied […] Read more
Canola crush shows solid start in new crop year
Soybeans see lowest August crush ever
MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more
Pulse weekly outlook: India dispute leaves lentils’ future uncertain
India was Canada's top customer in 2022-23
MarketsFarm — As tensions between Canada and India remain very high, the future direction for Canadian lentils continued to be uncertain. “Your guess is as good as mine,” Marcos Mosnaim of Export Packers said as to what could happen, adding “Canada has to be careful. I don’t know what India will do.” Prime Minister Justin […] Read more
U.S. grains: Soybeans higher, corn lower, wheat flat amid positioning
Traders eye potential U.S. government shutdown
Reuters — Chicago soybean futures ticked higher on Tuesday while wheat futures settled flat and corn futures fell as traders adjusted positions ahead of U.S. government stocks data due later this week, analysts said. Worries about a possible U.S. government shutdown hung over the markets. Chicago Board of Trade (CBOT) November soybean futures rose five […] Read more
Researchers want producers to plant more peas
Four-year project attempts to eliminate barriers to growing the crop
Reading Time: 3 minutes Peas are a powerhouse. Not only do they sport a low carbon footprint and contain a high amount of protein, they come with their own nitrogen. So why aren’t more producers planting them? The biggest reason is the risk of root rot, a disease of peas that can infect the soil for years. But what […] Read more
U.S. grains: Soy, corn futures end up
U.S. harvests advance slower than expected
Chicago | Reuters — U.S. soybean futures ended higher on Monday as the market recovered from its lowest level since early August, while corn and wheat futures also rose. After trading ended, the U.S. Department of Agriculture reported that soy and corn harvests advanced more slowly last week than analysts expected. The soybean crop was […] Read more