Crops
Results from the United States election pulled down soybean prices at the Chicago Board of Trade during the week ended Nov. 13, 2024.
CBOT Weekly: U.S. election drags down soybeans
USDA lowers U.S. soybean/corn yield estimates
There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
Prairie Wheat Weekly: Spring wheat bids rise, durum down
Spring wheat bids in Western Canada were slightly higher than the week before on Nov. 7, 2024. Meanwhile, durum prices were a bit lower.
Feed Grain Weekly: Barley preferred over corn at feedlots
Barley seems to be the preferred grain over corn at feedlots in the Lethbridge, Alta.-area during the week ended Nov. 7, 2024.
Potato growers’ feedback wanted in final response plan consultation
Potato growers are once again asked to give their feedback on a national potato wart response plan as the Canadian Food Inspection Agency (CFIA) launches a final round of public consultations.
CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn
The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.
Pulse Weekly: Smaller chickpeas leading to lower prices
Western Canada produced a greater proportion of 8-mm Kabuli chickpeas in its 2024-25 chickpea crop than in other years, which may lead to a price gap between eight mm and nine mm chickpeas on the market.
Brazilian soybeans/corn turn around, but jury out on Argentina
Things have been greatly improving for Brazilian soybean and corn crops, while the jury is still out for Argentina, said Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
Prairie Wheat Weekly: Declines in U.S. wheat, loonie lead to mixed prices
Spring wheat cash prices were mixed for the week ended Oct. 31, as pressure from declines in United States wheat futures were countered by support from a weaker Canadian dollar that encourages more export sales.
Feed Grain Weekly: Barley, corn in southern Alberta on par with each other
Feed barley and corn imported from the United States are currently trading at the same price into southern Alberta, said Lethbridge-based Darcy Haley, vice-president of Ag Value Brokers.
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