CNS Canada — Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the U.S. Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre, and soybean yields of 49.4 bu./ac. “That just destroyed the market,” said Scott […] Read more
CBOT weekly outlook: Corn, soy struggle under heavy supplies
Soybean, corn market futures await USDA data
CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US […] Read more
Some soybean aphids showing up so scout your fields
Soybean aphids are being found in some soybean fields near Portage la Prairie and some fields have been sprayed, while others are being monitored, Red Beard Farms aerial applicator Chris McCallister said in an interview July 27. The threshold for applying an insecticide to control soybean aphids is 250 and rising. The “rising” part is […] Read more
Prairie soybeans growing well ahead of key pod-filling time
CNS Canada — The way things stand now, soybeans look to continue their strong push into Manitoba and Saskatchewan. The key pod-filling time in late July and early August will ultimately decide, but soybean fields in both provinces are doing well so far. In Manitoba, which planted almost 2.23 million acres of soybeans — a […] Read more
CBOT weekly outlook: Corn, soy seen rising
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more
CBOT weekly outlook: December corn looks pricey above $4 mark
CNS Canada — A larger than expected carryout of U.S. corn supplies has cast a bearish tint over the market. In the U.S. Department of Agriculture’s monthly supply and demand report, the agency pegged domestic corn stockpiles for 2017-18 at 2.325 billion bushels, which exceeded the June projection of 2.11 billion. Futures quickly plunged lower, […] Read more
Tennessee restricts dicamba use as problems spread
Chicago | Reuters — Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto, to become the fourth state to take action as problems spread over damage the herbicide causes to crops not genetically modified to withstand it. Dicamba is sprayed by farmers on crops genetically modified to resist it […] Read more
Xtend soybeans expand options, but be dicamba-drift aware
New dicamba- and glyphosate-tolerant soybeans offer more weed control options and are another tool to address herbicide-tolerant weeds, but farmers need to take steps to avoid dicamba drift and spray tank residue, Manitoba officials say. What’s been happening in Arkansas underscores the risk dicamba drift presents. The U.S. state of Arkansas on Friday announced a […] Read more
CBOT weekly outlook: Soy, corn enter summer weather market
CNS Canada — Soybean and corn futures posted solid gains over the past week, and may have more room to the upside as the U.S. Midwest enters the heat of summer. “It’s still early July, and we have the bulk of the important growing weather ahead of us,” said Rich Feltes, of RJ O’Brien in […] Read more
CBOT weekly outlook: Corn, soy move with trader positioning
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving in trader-positioning with technical features and ahead of key data. Investors in CBOT corn and soybean markets are rolling out of positions in the July contract into more deferred months. “With that said, we’re seeing a lot of shorts shore-up […] Read more
Cyber-Savvy Farmer
