CNS Canada –– Many areas of Manitoba have seen unfavourable cool, wet conditions recently, with frost reported in some areas — but the province’s soybean crops seem to be holding up OK. Frost seen on Sept. 12 and 13 caused some damage to soybean crops in the province, but it was mostly minimal, said Dennis […] Read more
Man. soybeans surviving recent unfavourable weather
Caution reigns as Brazil soy farmers eye another record crop
Sao Paulo | Reuters –– Brazilian soy farmers are about to start sowing what could be a third consecutive record crop, but caution is their motto as near-term weather forecasts are less than ideal and low grain prices combined with rising costs are squeezing margins. Soybean planting in Brazil’s leading agricultural states is only allowed […] Read more
Good weather, looming record harvest weigh on CBOT beans, corn
CNS Canada — Soybean futures on the Chicago Board of Trade fell lower during the week ended Sept. 3, despite some short-covering near the end of August, according to an analyst. The U.S. Department of Agriculture on Tuesday released its weekly crop progress report which pegged 72 per cent of the U.S. bean crop as […] Read more
Further selling expected in CBOT corn, soybeans
CNS Canada — Corn and soybean futures on the Chicago Board of Trade (CBOT) moved lower during the week ended Wednesday — and the two markets are expected to remain under pressure until at least mid- to late September. “I think we’re just going to see this gradual selling over the next month, month and […] Read more
USDA projects record U.S. corn, soybean production
Reuters — U.S. corn production will crack the 14-billion-bushel mark for the first time in 2014, the U.S. Department of Agriculture said on Tuesday, but the crop was slightly below trade expectations, potentially giving a bullish kick to the beaten-down corn futures market. At 14.03 billion bushels, the estimated crop fell short of trade estimates […] Read more
Drozd: Classic head-and-shoulders top signals end to bull soybean market
The November 2014 soybean futures contract has lost over US$2 per bushel in the past two months. Once prices dropped below $12, a classic chart formation referred to as a head-and-shoulders top was completed and prices quickly plunged to the pattern’s minimum price objective of $11.31. The head-and-shoulders top is considered the most reliable chart […] Read more
Man. soybeans progress despite wet start
CNS Canada –– Recent warm weather is helping push Manitoba’s soybean crop into R3 and R4 stages of development in many parts of the province, according to a crop expert. Some beans could use more rain but for the most part are looking good, said Dennis Lange of Manitoba Agriculture, Food and Rural Development. The […] Read more
GRAINS: Soybeans, wheat firm on strong exports; corn weakens on weather
U.S. soybean futures rose on Thursday on signs that demand will keep domestic supplies tight until harvest, while corn weakened due to forecasts for more crop-boosting rain in the U.S. Midwest, traders said. “The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we […] Read more
GRAINS – U.S. corn, soybeans, wheat drop after recent gains
CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […] Read more
U.S. soy, corn ratings drop for first time in more than a month
U.S. corn and soybean condition ratings fell in the latest week, the U.S. Agriculture Department said on Monday, the first decline for both crops in five weeks. USDA said that soybeans were rated 71 percent good to excellent as of July 27, a 2 percentage point decline from a week earlier. Good-to-excellent ratings for corn […] Read more