CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
CBOT weekly outlook: Traders think soy yields less than USDA predicting
CBOT weekly outlook: USDA reports not expected to shake up markets
CNS Canada — Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. “It basically wraps up the 2017-18 crop year […] Read more
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
Smaller Manitoba soybean crop expected
CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more
CBOT weekly outlook: Heavy rains threaten soybean quality
CNS Canada — Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. […] Read more
Manitoba soy growers likely face light yields
CNS Canada — Manitoba soybeans will be ready for harvest well ahead of normal, provincial pulse crop specialist Dennis Lange said, fresh from fields where he was conducting maturity ratings. He said he was out around Morris on Tuesday and some soybean varieties there are already nearing full maturity. Throughout Manitoba, farmers could be taking […] Read more
CBOT weekly outlook: Corn, soy markets see little action
CNS Canada — One trader isn’t expecting much movement on Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the U.S. Midwest. “I’m looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth,” said Scott Capinegro of Barrington […] Read more
CBOT weekly outlook: Corn, soy run into strengthening U.S. currency
CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as […] Read more
China may have to resume U.S. soybean purchases in weeks – Oil World
Hamburg | Reuters – China may have to start buying U.S. soybeans again in coming weeks despite the trade war between the two countries as other regions cannot supply enough soybeans to meet China’s needs, Hamburg-based oilseeds analysts Oil World said on Tuesday. In July, China imposed import tariffs on a list of U.S. goods, […] Read more
Argentina plans to export major amounts of soymeal to China in 2019
Beunos Aires | Reuters – Argentina expects to export significant amounts of soymeal to China starting after the next harvest in May, a top agriculture ministry official said on Friday, as the South American grains powerhouse moves to take advantage of U.S.-China trade strife. Argentine officials were in Beijing on Friday finalizing the paperwork needed to ship […] Read more
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