CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both stuck in sideways trading ranges, looking for a catalyst to break one way or the other. The U.S. Department of Agriculture releases its latest supply/demand report on Thursday, with the updated production estimates possibly providing that spark. “If something’s going […] Read more
CBOT weekly outlook: Sideways soy, corn still await spark
CBOT weekly outlook: Corn dips under $3.50 as harvest pushes on
CNS Canada — The corn market dropped below a major support level during the week ended Wednesday and could be poised to hit further market lows, according to one analyst. “I think we’re within a dime or something of it,” said Jack Scoville of Price Futures Group in Chicago. The December contract fell 5.75 cents […] Read more
Manitoba soybean yields disappoint
CNS Canada — With Manitoba farmers starting to bring in their early-maturing soybeans between intermittent rains, they may start to see the toll from the dry summer. Many crop analysts see soybean yields below what farmers have enjoyed for the past couple of years, but they stress that fields are variable and that longer-season varieties […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
Several U.S. scientists to skip Monsanto’s dicamba summit
Chicago | Reuters — Monsanto invited dozens of weed scientists to a summit this week to win backing for a controversial herbicide but many have declined, threatening the company’s efforts to convince regulators the product is safe to use. Monsanto faces a barrage of lawsuits over its dicamba herbicide and risks of tighter restrictions on […] Read more
CBOT weekly outlook: Corn, soy look for export demand
CNS Canada — The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be […] Read more
Second incidence of waterhemp found in Manitoba
A second case of waterhemp — a noxious weed which, in many places in Ontario and the U.S., is resistant to glyphosate, Group 2 herbicides or both — has been found in Manitoba. Waterhemp (amaranthus tuberculatus), which resembles redroot pigweed and is in the same family, was first found in a soybean field southeast of […] Read more
Manitoba’s soybean harvest well underway
Soybeans are being harvested in the heart of Manitoba’s traditional soybean belt, but as of Thursday, there were still fields a week or more away from the combine depending on the weather. The variability underscores differences in maturity among varieties and seeding dates. Dry, warm weather until now has helped ripen soybean crops across agricultural […] Read more
Prograin head buys into soy processor Ceresco
CORRECTED, Sept. 15, 2017 — A major Quebec processor and exporter of identity-preserved (IP) soybeans for food markets is set to be sold to an investor group including the head of soybean firm Semences Prograin. SG Ceresco, based southwest of Montreal at St-Urbain-Premier, will be sold to a joint venture between Prograin president Alain Letourneau’s […] Read more
CBOT weekly outlook: Strong demand to underpin soy, corn
CNS Canada — Soybean and corn futures at the Chicago Board of Trade will soon face seasonal harvest pressure, but good demand may limit the downside this year. Slight upward revisions to the U.S. Department of Agriculture’s yield estimates in the latest supply/demand report weighed on soybeans and corn on Tuesday, but the soybean losses […] Read more
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