CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more
CBOT weekly outlook: Corn, soybeans face uncertain future
USDA sees bumper corn, soy crops despite floods
Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
CBOT weekly outlook: Corn, soy to weaken as harvest nears
CNS Canada –– Short-term corn and soybean futures have been bouncing due to dryness in the eastern U.S. corn belt, but as crops move into harvest, prices will likely fall, according to Brian Rydlund, market analyst at CHS Hedging Inc. The corn market is primarily being moved by ethanol bidders and buyers, Rydlund said. “Export-wise, […] Read more
CBOT weekly outlook: Choppy, two-sided trade ahead for corn, soy
CNS Canada — Chicago Board of Trade corn futures chalked up slight gains for the week ended Wednesday, while soybean futures posted steep losses on volatile trading. Sean Lusk, director of the commercial hedging division for Walsh Trading in Chicago, said there are growing worries about the quality of the corn crop due to excess […] Read more
CBOT weekly outlook: Weather seen steering soybeans
CNS Canada — CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture’s acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above […] Read more
SW Ont. county gets soybean planting extension
Soybean growers in southwestern Ontario’s Essex County have a seven-day extension on the province’s crop insurance deadline to get their crop planted. Agricorp, the province’s crop insurance and farm funding agency, said Monday it would give Essex County farmers until July 7, 2015 to plant their soybeans for this crop year, and until July 10 […] Read more
Ont. farmers file for stay of province’s neonic regs
Ontario’s corn and soybean grower group is taking the province’s planned regulations on the use and sale of pesticide-treated seed to court. Grain Farmers of Ontario (GFO) said Monday it filed a request late last week with the provincial Superior Court of Justice in Toronto, seeking a legal “interpretation” of the province’s rules on neonicotinoid-treated […] Read more
CBOT weekly outlook: Soy, corn futures seen hinging on USDA data
CNS Canada — CBOT (Chicago Board of Trade) soybean futures posted solid gains over the past week, but backed away Wednesday, which could be a sign of further losses to come as market participants await direction from the U.S. Department of Agriculture’s acreage report on Tuesday. John Weyer, co-director of the commercial hedge division at […] Read more
Ont. books drop in bee death ‘incidents’ at planting
Early data from federal pesticide regulators appear to suggest Ontario’s bee yards are moving past a spell of unusually high death losses seen around the 2012 and 2013 planting seasons. Combining the numbers of acute honey bee mortality “incidents” by bee yard in Ontario in the 2015 pre-planting and planting periods, up to June 11, Health Canada’s […] Read more
CBOT weekly outlook: Weather issues dominate corn, soy in short term
CNS Canada –– Excess moisture across broad swaths of the the U.S. Midwest and southern Plains has dampened the outlook for U.S. corn and soybean crops in the near future. Both crops finished higher on the Chicago Board of Trade (CBOT) to cap off the week ended Wednesday; however, the current outlook is dim, according […] Read more
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