CNS Canada – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017/18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump of 2.02 million acres over last year. “It’s no surprise […] Read more
Canadian producers to plant record canola crop, boost soybean acres
CBOT weekly outlook: Corn, soy tied to technicals amid large supplies
CNS Canada –– Corn and soybean markets look to be rangebound over the next three weeks as U.S. farmers try to get their crops planted, according to a market-watcher. “We’re slightly behind but that can be made up quickly with the equipment we have,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois. […] Read more
CBOT weekly outlook: Soybeans, corn watching weather
CNS Canada — Soybean futures at the Chicago Board of Trade fell to their lowest levels of the past year on Tuesday, but bounced off of those lows as new-crop uncertainty and chart-based buying provided support. The U.S. Department of Agriculture forecast larger-than-expected world and U.S. soybean ending stocks in its monthly supply/demand report, which […] Read more
CBOT weekly outlook: Soybeans, corn have downside risk
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have short-term downside potential, one U.S. analyst says, as traders watch exports, weather and fund positioning. Since last week, soybeans have lost close to 25 cents per bushel in the May contract, closing at $9.4425, while corn advanced 6.25 cents per bushel, […] Read more
CBOT weekly outlook: Corn, soy brace for ‘volatile’ report
CNS Canada — As traders count down the hours to the U.S. Department of Agriculture’s prospective plantings report on Friday, a small camp is closely watching a weather situation in the U.S. South. Showers and thunderstorms have moved across much of the U.S. southern Plains and are expected to move into the U.S. Midwest soon. […] Read more
CBOT weekly outlook: Soy, corn await USDA reports
CNS Canada — Soybean and corn contracts at the Chicago Board of Trade find themselves in consolidation mode as traders await the release a pair of key U.S. reports on March 31. The U.S. Department of Agriculture’s first survey-based acreage estimates of the year will be released that day, while quarterly stocks data are also […] Read more
CBOT weekly outlook: Soy, corn set to move sideways to lower
CNS Canada — As South American supplies put pressure on corn and soybean futures at the Chicago Board of Trade, investors are watching key technical levels in both markets. Soybeans — Soybean values at the Chicago Board of Trade (CBOT) are likely to trend sideways to lower, said Terry Reilly, senior commodity analyst at Futures […] Read more
CBOT weekly outlook: Soybeans facing bearish headwinds
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
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