MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy
CBOT weekly outlook: Soy futures find support, but upside limited
Corn activity mainly bearish
MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more
Argentine growers who hold soybeans face higher financing costs
Buenos Aires | Reuters — Argentine soy farmers who hold onto stock of more than five per cent of their production will face an elevated financing cost above the normal benchmark rate, the South American country’s central bank said on Thursday, part of a wider push to encourage sales. The central bank said soy farmers […] Read more
StatCan trims Canadian corn, soy acreage estimates
Grain corn acreage still expected up from 2021 level
New Statistics Canada projections show the country’s grain corn and soybean growers have slightly curbed their enthusiasm for those crops compared to their intentions earlier in the year. StatCan on Tuesday released the results of its 2022 June field crop survey, conducted between May 13 and June 12, projecting Canadian corn area at 3.633 million […] Read more
U.S. soybean acres come in below expectations
MarketsFarm – Farmers in the United States seeded fewer soybean acres than original intentions and slightly more corn, according to updated acreage estimates from the U.S. Department of Agriculture, released June 30. Total soybean area in the country for the 2022 growing season was pegged at 88.30 million acres by the government agency. That compares […] Read more
Pulse weekly outlook: Wet weather delays southern Manitoba seeding
Soybeans could take yield hit if planted in June
MarketsFarm — Another blast of heavy precipitation across southern Manitoba, the third in as many weeks, has already delayed seeding for pulses, according to a production specialist. Laura Schmidt, a production specialist for Manitoba Pulse and Soybean Growers, said the 40 to 50 millimetres of rain across the region on April 29-30 all but guaranteed […] Read more
EU’s oilseed yields expected to decline in 2022-23
USDA's attaches predict uptick in EU's oilseed acres
MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more
CBOT weekly outlook: Traders look to skies for market guidance
MarketsFarm — Much of the focus from the Chicago Board of Trade (CBOT) for the week ended Wednesday has shifted away from besieged Ukraine — and toward areas closer to home. Prices for nearby corn and soybean contracts rose over the past week due to weather-related rallies, but wheat prices held rangebound. The U.S. northern […] Read more
USDA reports offer new oilseed insights from India, Japan
MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in 2022-23, according to FAS New […] Read more
With fertilizer costs high and seed scarce, U.S. farmers turn to soy
'These prices are just crazy'
Chicago | Reuters — North Dakota farmer Jennifer Meyer typically devotes at least 20 per cent of her 2,500-acre farm to corn, which provides a convenient feed for the cattle she raises with her husband. But this year she is looking to find another crop for those 500 acres near Wilton as she has been […] Read more
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