CNS Canada — All eyes in the agricultural commodity world are focused on the release of the U.S. Department of Agriculture’s next World Agriculture Supply and Demand Estimates report due out Thursday. However, unless there’s a major surprise contained within the report, it’s hard to see the bias pointed higher for soybeans, according to an […] Read more
CBOT weekly outlook: Soybeans facing bearish headwinds
Soy loadings delayed at Brazil northern ports
Brasilia | Reuters — At least 11 ships are facing delays in loading soybeans at Brazil’s northern ports after rains washed out roads and disrupted the progress of trucks carrying beans from the centre-west region, Brazilian officials said on Thursday. Agriculture Minister Blairo Maggi said some commodities traders could have problems fulfilling soy export contracts […] Read more
CBOT weekly outlook: Traders look for fire behind the smoke
CNS Canada –– Rumoured changes to U.S. renewable fuels policy gave corn and soybean futures at the Chicago Board of Trade a boost this week — but it will likely take confirmed fundamental news for the advances to be sustained. The unconfirmed reports circulating the market on Tuesday were that U.S. President Donald Trump was […] Read more
Falling farm gate prices highlight ‘long overdue’ topic
CNS Canada — Statistics Canada’s latest Farm Product Price Index marks a year of annual declines, predominantly led by the cattle sector. The whims of the market are one source of losses, but two producer group heads say the data call attention to the country’s processing sector. Year-over-year declines in Canada’s Farm Product Price Index […] Read more
CBOT weekly outlook: December corn seen as bellwether
CNS Canada — As traders wait for the U.S. Department of Agriculture to put out fresh acreage estimates for corn and soybeans this week some eyes have already shifted to the behaviour of certain deferred contracts in the market. “If the December (corn) contract broke above US$4 (a bushel) it would be a catalyst,” said […] Read more
Maple Leaf to buy U.S. veggie dog, burger maker
Canadian meat packer Maple Leaf Foods is buying space on the non-meat side of the deli section with a deal for U.S. processor Lightlife Foods. Toronto-based Maple Leaf announced Tuesday it would pay US$140 million for Lightlife, which makes vegetarian burgers, hot dogs, sausage, deli cuts, jerky and other meatless protein products at Turners Falls, […] Read more
CBOT weekly outlook: Argentine flood fears underpin corn, soy
CNS Canada — Weather concerns in South America continue to dominate the attention of many traders, despite the fact growing conditions for corn and soybeans have generally been favourable in Brazil over the past week. “It’s been good in Brazil but Argentina has had issues with flooding,” said Ted Seifried of Zaner Group in Chicago. […] Read more
Syngenta to shed southwestern Ontario seed storehouse
Crop chemical and seed firm Syngenta Canada plans to shut and sell its seed distribution site in southwestern Ontario by the end of May. The company announced Wednesday it would shut its operations at Cottam, about 30 km southeast of Windsor, “not later than May 31.” The Cottam site, formerly a seed processing plant, was […] Read more
U.S. soy grower co-op plans North Dakota crush plant
A U.S. soybean growers’ co-operative has picked its site for what it says would be the first soybean processing plant of its kind in North Dakota. Minnesota Soybean Processors and its North Dakota Soybean Processors (NDSP) subsidiary announced Tuesday their site will be on 150 acres near Spiritwood, N.D., 260 km south of the Manitoba […] Read more
CBOT weekly outlook: South American weather still key for soy, corn
CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more
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