Buenos Aires | Reuters –– Argentine farmers have stockpiled more than twice as much soy this year than last, defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election. Growers say the increase in soybean reserves, to 7.4 million tonnes from 3.4 million, comes […] Read more
Argentine soy stocks double as farmer-government tensions rise
Ont. ag minister to review GFO proposal on bee health, neonics
Ontario corn and soybean growers have secured a meeting with the provincial ag minister on the farmers’ proposed Plan B to balance crop pest control against bee health. Grain Farmers of Ontario said Thursday its representatives will meet March 26 with Agriculture Minister Jeff Leal to discuss the proposals laid out in GFO’s Ontario Pollinator […] Read more
No hill of beans — soybeans get a boost with expanded insurance plan
The New Crops Insurance Initiative, which also covers forages and other special crops, will give coverage for soybeans in specified areas
Reading Time: 2 minutes Soybeans are here to stay in Alberta and the announcement they now qualify for Agricultural Financial Services Crop insurance coverage is expected to boost acreage. “There were a number of people who were waiting for that program to be in place before growing soybeans, so I see it as a positive step for expanding the […] Read more
CBOT weekly: Bullish U.S. dollar seen pinning grain futures
CNS Canada — Chicago Board of Trade corn and soybean futures remained largely unchanged over the past week but a bullish U.S. dollar, currently outperforming many of the world’s other currencies, will keep the long-term bias pointed lower, according to a U.S. analyst. “We’re going to need a weather event, we’re going to need a […] Read more
Argentina says ‘worried’ about flooded soy fields
Buenos Aires | Reuters — Flooding in some of the soy-growing areas of Cordoba, Entre Rios and Santa Fe provinces has become “worrying” to the government as farmers get ready to start harvesting the 2014-15 crop, the agriculture ministry said in its weekly report on Friday. The northern part of the Pampas grains belt has […] Read more
Floods in Argentina expected to cause soy crop losses
Buenos Aires | Reuters –– Some of Argentina’s northern soy-growing areas were flooded by heavy rains in the past week, the Buenos Aires Grains Exchange said Thursday, warning that it may lower its 57 million-tonne 2014-15 harvest forecast in the coming weeks. The country is the world’s No. 3 soybean exporter and top supplier of […] Read more
Soybeans to see continued growth in Saskatchewan
CNS Canada — Soybeans are a relatively new crop in Saskatchewan, but are generating more traction and are expected to increase their footprint in 2015. Saskatchewan farmers planted 270,000 acres of soybeans in 2014, nearly double the previous year, according to Statistics Canada data. “We’re expecting soybean acres to rise again,” said Carl Potts, executive […] Read more
Argentine farmers to halt crop sales for three days in protest
Buenos Aires | Reuters –– Argentine farmers will suspend grain sales for three days to protest export quotas and other government policies they say hurt profits, the country’s main growers’ organizations said Tuesday. The strike will start on Wednesday, March 11, leaders of three of Argentina’s biggest farm groups told a press conference. “This action […] Read more
CBOT weekly: Soybeans, corn await next USDA reports
CNS Canada –– Soybean futures at the Chicago Board of Trade (CBOT) moved up and down during the week ended Wednesday, but posted losses on the whole as concerns over a truckers’ strike in Brazil subsided. While large South American crop prospects remain a bearish influence in the background, the market could be due for […] Read more
Argentina tracks soy hoarding by registering silo bag sales
Buenos Aires | Reuters — Argentina will keep an eye on how much soy is being hoarded on farms throughout the country by requiring that the sales of silo bags be reported to tax authorities, according to a government resolution announced Monday. The oblong industrial-strength plastic bags have come to dot the Pampas grains belt […] Read more
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