Statistics Canada has confirmed what most farmers in Ontario knew this past summer: Hot and droughty conditions drove production of corn and soybeans almost 10 per cent lower than 2015 levels. StatsCan’s harvest report, released this week, also showed the large wheat crop in Ontario was a record, with a 56 per cent increase in […] Read more
StatsCan confirms drought impact on Ontario yield
CBOT weekly outlook: Soy waits on Argentine weather, inspections
CNS Canada — Soybean futures on the Chicago Board of Trade hung mostly rangebound during the week ended Wednesday. Attention now shifts to the crop in South America. “People will be watching the Argentine weather situation to see if it has any changes in the second-week forecast of 11 to 15 days,” said Terry Reilly, […] Read more
CBOT weekly outlook: Technicals trump recent support in soy
CNS Canada — Soybean futures at the Chicago Board of Trade look technically bearish, one U.S. analyst says, but spec-longs may keep support in the market. Corn futures, meanwhile, are expected to continue in a rangebound trend. “Corn is still basically in a trading range; it doesn’t excite people. Beans, they’re all over the place,” […] Read more
CBOT weekly outlook: Soy, corn still rangebound despite recent gains
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but have little fundamental reason to continue in that direction, according to an analyst. Looking at corn, that market will be stuck in a sideways trading range for the foreseeable future, according to Preston Zacharias, […] Read more
CBOT weekly outlook: Corn, soy have room to decline further
CNS Canada –– Soybeans and corn at the Chicago Board of Trade are likely to trend lower as traders focus on the U.S. dollar’s recent strength. “This is a currency-driven market; we think the currency has moved too fast, too soon,” said Terry Reilly of Futures International, LLC. The U.S. dollar moved to a fresh […] Read more
First soy seed treatment cleared against SDS
A Bayer CropScience fungicide is being pressed into service against sudden death syndrome (SDS) in Canadian soybeans. Bayer on Monday launched a new soybean seed treatment dubbed ILeVO, a suspension containing its Group 7 fungicide fluopyram at a rate of 600 grams per litre. ILeVO will be the first soybean seed treatment registered for use […] Read more
EPA approves Monsanto’s dicamba weed killer
U.S. seeds and agrochemicals maker Monsanto Co. has secured approval from the U.S. Environmental Protection Agency for a new dicamba-based weed killer designed for its next generation biotech soy and cotton varieties, the company said on Wednesday. While approval had been expected, it is seen as a major step forward for the company’s newest herbicide […] Read more
CBOT weekly outlook: Soybeans, corn trending lower
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have come down over the past week, and may be headed lower as both fundamental and technical signals look bearish. January soybeans have a downside target of $9.40-$9.50 per bushel, said Terry Reilly of Futures International in Chicago (all figures US$). Improving […] Read more
CBOT weekly outlook: Harvest pressure seen easing
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of solid export demand and a rally in world vegetable oil markets. The front-month contract moved well above the psychological $10 per bushel mark, which may […] Read more
U.S. agency seeks proof of criminal use of dicamba
Chicago | Reuters — The U.S. Environmental Protection Agency executed search warrants in parts of southeastern Missouri earlier this month to look for signs of improper use of the herbicide dicamba, the agency said on Tuesday. The searches stemmed from complaints that dicamba, which has only been approved for application on fields before planting season […] Read more
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