Crops
MarketsFarm — There continues to be a very strong demand for feed grains with large amounts headed for export, according to Saskatoon-based trader Evan Peterson of JGL Commodities. “It’s driven the prices up and made a massive competition between feed for Alberta versus shipping it overseas,” Peterson said, noting China has been the main driver […] Read more
Feed weekly outlook: Export demand supports grain prices
U.S. grains: Soybeans slip off peak, end mostly firm
Corn, wheat dip; strong demand, tight supply limit losses
Chicago | Reuters — U.S. soybean futures ended mostly firmer on Thursday as late-session buying amid worries over tightening supplies offset earlier profit-taking and technical selling that had dragged prices down from four-year peaks. Corn and wheat retreated after prior-day increases as investors pocketed some gains. Chicago Board of Trade (CBOT) January soybean futures ended […] Read more
Deere buys up ag software maker Harvest Profit
Software's integrations with non-Deere systems to continue
A North Dakota company whose software is used to help farmers gauge a crop’s profitability on a field-by-field basis will now run with the Deere. John Deere on Nov. 12 announced it has acquired Fargo-based Harvest Profit for an undisclosed sum. Harvest Profit — whose software was already integrated with the John Deere Operations Center […] Read more
ICE weekly outlook: Canola still climbing, watching beans
MarketsFarm — The ICE Futures canola market has trended higher for the past five months and showed no signs of slowing down in mid-November, with prices hitting fresh contract highs on a number of days. January canola hit a session high of $571.40 per tonne, and settled Wednesday at $569.40. Aside from a brief blip […] Read more
CBOT weekly outlook: Corn, soy continue rallies
MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more
Grain Growers of Canada lobby Parliament Hill
Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says
Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain […] Read more
U.S. grains: Soybeans hit fresh four-year peak on tightening supplies
Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn
Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain […] Read more
U.N. draws on emergency fund in bid to avert famines
United Nations | Reuters — United Nations aid chief Mark Lowcock said on Tuesday he would use US$100 million from the world body’s emergency fund to help seven countries try to avert famine fueled by conflict, spiraling economies, climate change and the COVID-19 pandemic. Some $30 million will be spent in Yemen, $15 million each […] Read more
Pulse weekly outlook: Strong demand supporting pea prices
MarketsFarm — There has continued to be a strong demand for peas, as demonstrated by data from the Canadian Grain Commission. And that has been supporting price increases, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “The overall demand has been very, very good,” she said. In the most recent export data […] Read more
U.S. grains: Soybeans rise to four-year peak
Corn up on export hopes, eye on South American dryness
Chicago | Reuters — U.S. soybean futures scaled a four-year high on Tuesday as soaring demand from domestic users and exporters stoked concerns that already-thin supplies are likely to tighten further. Corn futures climbed for a third straight session on strong demand and smaller global supplies, while wheat dipped after two days of gains. “Soybeans […] Read more