CNS Canada –– Despite a divergence in the two markets on the week, Chicago Board of Trade soybeans and corn are expected to shift back into step, moving sideways to lower in short-term trade, one U.S. analyst says. Improving South American weather is likely to keep a lid on soybeans, said Terry Reilly, senior commodity […] Read more
CBOT weekly outlook: Soy, corn expected to move steady to lower
Corn/soy price ratio favours soybean acres, analyst says
Chatham, Ont. — Most underpinnings for higher corn, soybean and wheat prices appear to have fallen away — leaving biodiesel the only area that could drive higher prices. A growth mandate for U.S. ethanol production ends in 2017, and oil prices continue to stagnate well below the highs of a few years ago, according to […] Read more
Thinking of trying soybeans? Then steer clear of illegitimate seed
Unscrupulous seed sellers are bringing seed across the border that’s not suited for Alberta or is under patent protection
Reading Time: 2 minutes If someone who isn’t a certified seed dealer offers you a good deal on soybeans, it’s probably too good to be true. Although it hasn’t been seen in Alberta directly yet, there have been reports of sellers peddling illegitimate Roundup Ready trait soybeans in Western Canada. “We know that some of these illegitimate sellers are […] Read more
CBOT weekly outlook: South American weather steering markets
CNS Canada — Chicago corn futures chopped slightly higher during the week ended Wednesday, as concerns over South American weather, the U.S. dollar and the public musings of a newly-sworn-in U.S. president spurred some speculative buying. “Those are the three driving forces,” said Scott Capinegro, co-owner of Barrington Commodity Brokers. Both corn and soybeans are […] Read more
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
CBOT weekly outlook: Soy, corn to tilt lower moving forward
CNS Canada — Following a U.S. government supply and demand report due out Thursday, soybeans and corn are expected to be sideways to lower as traders anticipate upcoming supplies, one U.S. analyst says. “Technically we’ve kind of ran up to the higher end of our trading ranges. We probably can back off a little bit,” […] Read more
CBOT weekly outlook: Corn, soy positioning ahead of USDA report
CNS Canada — Chicago Board of Trade (CBOT) corn futures chalked up modest gains on the week ended Wednesday, as slow farmer selling and weakness in the U.S. dollar underpinned the market. March corn ended 11 and a half cents higher from the previous week (all figures US$). It was another volatile stretch for corn, […] Read more
CBOT weekly outlook: Soy, corn set to start New Year off weaker
CNS Canada — Fundamental features are likely to pressure technical soybean and corn markets at the Chicago Board of Trade, one U.S. analyst says, keeping a lid on prices into the New Year. Soybeans — “I’m outright bearish on the beans,” said Preston Zacharias, market analyst at CHS Hedging. The January contract for soybeans will […] Read more
Manitoba soybean acres seen rising on record yields
CNS Canada –– Soybean acreage looks set to increase next year in Manitoba due to good yields and prices. The expansion comes despite the fact the province is overdue for a killing frost and U.S. acreage is set to grow. “This year we had just over 1.6 million acres planted. Early projections call for two […] Read more
CBOT weekly outlook: Soy, corn watch South American weather
CNS Canada — Soybean futures at the Chicago Board of Trade moved lower during the week ended Wednesday, while corn held steady, with South American weather conditions expected to provide much of the direction going forward. “We’re pretty much trading one weather report at a time,” said Sean Lusk, director of commercial hedging with Walsh […] Read more
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