Chicago | Reuters — U.S. soybean futures slid for a fifth straight session on Friday and registered the steepest weekly decline in 10 months as favourable U.S. crop weather and concerns over slowing export trade weighed on prices. Corn futures edged up on short-covering after dipping to multi-month lows on good Midwest crop weather. Wheat […] Read more
U.S. grains: Soybeans slump on trade worries, good weather
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
U.S. grains: Corn sags on long liquidation, favourable crop conditions
Chicago | Reuters — U.S. corn futures fell on Friday on technical selling including fund-driven long liquidation along with strong crop prospects amid mostly favourable weather in the U.S. Midwest, analysts said. Wheat futures also declined as the U.S. winter wheat harvest began while soybeans closed firm as traders awaited news from U.S.-China trade talks […] Read more
U.S. grains: Corn, wheat hit one-month lows
Chicago | Reuters — U.S. corn and wheat futures fell to one-month lows on Wednesday, a day ahead of monthly U.S. Department of Agriculture reports that are expected to confirm big crops and plentiful global grain supplies, analysts said. Soybeans closed fractionally lower after a choppy session. Chicago Board of Trade December corn settled down […] Read more
Weather, crop conditions a ‘mixed bag’ for growers
Many came through a late, wet spring better than expected and dry hasn’t equalled disaster — but no one’s expecting a bin buster
Reading Time: 4 minutes For Alberta growers right now, the biggest clouds on the horizon are the lack of them — particularly the ones bringing rain. “It’s a real mixed bag throughout the province with some of the weather conditions that we’ve been dealt,” Rimbey-area producer Jason Lenz said earlier this month. “Certainly the south has some very, very […] Read more
U.S. grains: Spring wheat futures top US$7 on weather worries
Chicago | Reuters — U.S. spring wheat futures surged 3.4 percent on Wednesday, topping US$7 a bushel for the first time in nearly three years on worries that stressful weather will curb production of the high-quality milling wheat, analysts said. The jump in Minneapolis Grain Exchange (MGEX) spring wheat lifted Chicago Board of Trade wheat […] Read more
CBOT weekly outlook: Soybeans in danger of dropping below US$9
CNS Canada –– The Chicago Board of Trade soybean market is increasingly being weighed down as rain-stricken farmers switch out acres intended for corn into oilseeds. The July contract plunged 32.25 cents per bushel during the week ended Wednesday (all figures US$). “You can see the corn has already gained on beans a dime this […] Read more
Grain trade still wary of satellite-based StatsCan estimates
CNS Canada — Statistics Canada’s second attempt at using satellite imagery to determine the size of the country’s crops is in line with trade guesses when it comes to canola — but market participants are still taking the new methodology with a grain of salt. The model-based principal field crop estimates, released Tuesday, are calculated […] Read more
Timing of rain ‘ideal’ for Prairie crops
CNS Canada — Well timed weekend rains across Western Canada have benefited germinating canola crops and soil conditions — but some areas could use more moisture, one weather and crop specialist says. “In terms of the timing of the rains, they’ve been pretty well ideal,” said Bruce Burnett of G3 Canada. Showers over the week […] Read more
Alberta crop report
Crop conditions as of July 28, 2015
Reading Time: 2 minutes The continuation of moderate temperatures combined with wide spread shower activity throughout the province have placed crops are under less stress and crop condition ratings have stabilized at 30 per cent rated good or excellent. The precipitation received this week has provided modest improvements to soil moisture ratings. Surface moisture ratings increased 2 points to […] Read more
Cyber-Savvy Farmer
