CNS Canada — Weak exports and improving growing conditions in South America are casting a bearish tint over near-future prospects for corn and soybeans. One market analyst in Illinois noted the corn market was also extremely oversold. “A good technical close for December corn this week would be over $3.36” a bushel, said Scott Capinegro, […] Read more
CBOT weekly outlook: Rangebound corn, soy watch South America, exports
CBOT weekly outlook: Soybeans excite ahead of holiday
CNS Canada — While corn futures sat quietly this week on the Chicago Board of Trade (CBOT), soybean futures were another story ahead of the U.S. Thanksgiving weekend. On Tuesday, “there was a lot of talk that Argentina was going to have some very good rains; the (soybean) market was understanding of that,” said Steve […] Read more
ICE weekly outlook: Canola looks to soyoil wildcard
CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
CBOT weekly outlook: Investors look for quick buys in corn
CNS Canada — Pressure continues to build on the Chicago Board of Trade corn market but there could be a glimmer of hope as traders look for places to park money ahead of next week’s U.S. Thanksgiving Day holiday. “I think people are looking for a place to buy the market here in a short-term […] Read more
CBOT weekly outlook: Corn and soybeans down after USDA report
CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more
Brazil cuts into U.S. soybean market share in China
Reuters – Brazil is expected to win a larger share of China’s soybean imports in coming months, hitting U.S. exporters during the peak marketing season for their most valuable farm product as the world grapples with a fifth consecutive bumper crop. China is expected to buy about five million tonnes of soybeans from Brazil for […] Read more
Monsanto halts U.S. seed treatment launch after complaints of rashes
Chicago | Reuters — Monsanto put on hold the launch of a seed treatment on Wednesday, following reports it causes rashes on people, in the latest instance of complaints about a company product that was approved by U.S. environmental regulators. Monsanto froze plans for commercial sales of the product called NemaStrike, which can protect corn, […] Read more
Monsanto, BASF herbicides strain states with damage complaints
Chicago | Reuters — U.S. farmers have overwhelmed state governments with thousands of complaints about crop damage linked to new versions of herbicides, threatening future sales by manufacturers Monsanto and BASF. Monsanto is banking on herbicides using dicamba — and seeds engineered to resist it — to dominate soybean production in the U.S., the world’s […] Read more
CBOT weekly outlook: Corn, soy futures maintain status quo
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have kept rangebound this week with little excitement. During the week ended Wednesday the December corn contract rose slightly, by 2.5 cents, to $3.51 per bushel (all figures US$). The dominant November contract for soybeans fell 3.25 cents, to $9.9675 per bushel. […] Read more
Dicamba label sufficient, Health Canada says
Health Canada will not be further regulating the use of dicamba herbicide sprayed on growing crops, as has happened in the U.S. The government agency that regulates pesticides issued a statement to Glacier FarmMedia reiterating its support for the current Canadian labels. The U.S. Environmental Protection Agency (EPA) last week increased restrictions on the use […] Read more
Cyber-Savvy Farmer
