CNS Canada — U.S. farmers may be seeding fewer soybean acres this spring but expectations for the crop remain relatively steady north of the border, according to Francois Labelle, executive director of Manitoba Pulse and Soybean Growers. “Our first indications are that acreage will be the same as last year to up a little bit,” […] Read more
Manitoba soybean acreage looks to inch upward
China’s farmers switch to soy amid corn market reform
Reuters — Wang Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near-decade-old corn price support scheme. China announced last week it will stop its corn stockpiling program and allow markets to set […] Read more
CBOT weekly outlook: Corn, soybeans await data
CNS Canada — Soybeans and corn at the Chicago Board of Trade have been edging higher on investor short-covering ahead of a key report from the U.S. Department of Agriculture. While trade estimates are bearish for both of those markets, highly-anticipated reports often throw curveballs at investors, one analyst says. Soybeans – “This report is […] Read more
CBOT weekly outlook: Beans choppy ahead of data, corn sideways
CNS Canada –– Chicago Board of Trade corn prices are set to trade sideways over the course of the week as the market awaits fresh news, but that staleness is in direct contrast with the turbulence in soybeans. Soybeans – “They’re going to trade pretty choppy,” said Terry Reilly at Futures International. Soybeans should feel […] Read more
CBOT weekly outlook: Trade now watching weather
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the past two weeks, but the rally may run out of steam while attention in the markets shifts to spring weather patterns. “We’ve had a very strong rally since late February,” said Rich Feltes, vice-president of research […] Read more
CBOT weekly outlook: Corn, soy in harvest-induced trading range
CNS Canada –– Corn and soybeans at the Chicago Board of Trade are both sitting at the low end of their trading ranges, with South America’s harvest keeping bullish features at a minimum. Corn — The May corn contract will probably establish new contract lows over the course of the week, said Terry Reilly, senior […] Read more
CBOT weekly outlook: Corn, soy down with optimal weather
CNS Canada — Favourable weather is good news for producers, but bad news for prices, as Chicago Board of Trade corn and soybean futures edge lower with a relative lack of concerns. Corn — Corn futures have been grinding lower over the course of the week as South American harvest is expected to start soon, […] Read more
CBOT weekly outlook: Soy, corn ‘starving for news’
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as both commodities saw a short-covering correction off of nearby lows. However, large supplies and looming South American harvests remain bearish for the two crops, likely keeping the futures bouncing around in a sideways pattern […] Read more
CBOT weekly outlook: Corn, soybeans stuck in trading range
CNS Canada — Corn and soybeans at the Chicago Board of Trade are stuck in a rut, according to one U.S. analyst, as fresh data revealed high supplies of both commodities. Corn – Since last week corn futures have shed 10.75 cents per bushel in the March contract, and 10.75 cents per bushel in the […] Read more
China clears Xtend soybean variety for import
Reuters — Monsanto said on Feb. 3 it received import approval from China for its new genetically modified Roundup Ready 2 Xtend soybeans and will sell the seeds in the U.S. and Canada for the 2016 growing season. China, the world’s biggest soybean importer, does not allow imports of new genetically modified crops until they […] Read more
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