Crops
Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked […] Read more
U.S. grains: Corn futures retreat on profit-taking
Corn still up 12 per cent on week; traders adjust positions before July 4 weekend
U.S. grains: Soybeans, wheat fall
CBOT corn ends slightly firm
Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
CBOT weekly outlook: USDA reports generate immediate turnaround
MarketsFarm — Commodity prices for corn, soybeans and wheat made a very quick turnaround on Wednesday following the release of two major reports from the U.S. Department of Agriculture (USDA). “At 11 o’clock corn was down 14 cents per bushel and went limit up 40 cents,” commented Scott Capinegro of Barrington Commodities in Barrington, Ill. […] Read more
U.S. grains: Corn, soy surge as U.S. farmers plant fewer acres than expected
Traders had expected more U.S. corn, soy acres
Chicago | Reuters — Chicago Board of Trade grain and soybean futures surged on Wednesday after the U.S. Department of Agriculture surprised traders with lower-than-expected plantings estimates and inventory data. Corn climbed by their daily exchange-imposed limit after USDA pegged plantings of the crop at 92.692 million acres, below analysts’ expectations for 93.787 million. The […] Read more
Cereal groups want to harvest farmers’ views on merger
Reading Time: 2 minutes Producers being asked if Alberta Wheat, Alberta Barley should go for full amalgamation The seeds were planted long ago and now producers will get their say on whether they want Alberta Wheat and Alberta Barley to merge. “The consultation will begin in July with an online survey, followed by online town hall events after harvest […] Read more
Pulse weekly outlook: StatsCan acres see little change
MarketsFarm — Canadian pea and lentil acres only saw slight adjustments in the latest acreage estimates Tuesday from Statistics Canada, with little market news to draw in extra area since the previous report in April. “When you see all the hard commodities, their prices are fantastic. That’s the main reason why growers switch,” said Marcos […] Read more
U.S. grains: Corn, soy mixed ahead of plantings, stocks reports
Canadian farmers expand canola acres
Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more
U.S. livestock: Lean hog futures touch one-week high
CME August live cattle up
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a one-week high on Tuesday in a rebound from recent losses, while live cattle futures were mixed. The hog market is recovering after dropping last week to a nine-week low, traders said. Hopes for improved export demand helped support prices, traders said. CME August […] Read more
The crush is coming — will canola growers roll the rotation dice?
Reading Time: 4 minutes Shortening rotations to meet demand from a spate of new crush plants will backfire, say experts Prairie canola growers will need to up production to meet the growing demand from a rash of new crush plants in Saskatchewan. But they won’t get there by sacrificing sustainability, says the Canola Council of Canada. “For us, it’s […] Read more