Chicago | Reuters — U.S. corn futures rose on Tuesday, supported by concerns that rains in the U.S. Midwest will stall the tail end of planting, traders said. Chicago Board of Trade wheat futures firmed, snapping a four-session losing streak on short-covering and bargain buying. Soybean futures also closed firm after trading in negative territory […] Read more
U.S. grains: Corn, soy, wheat end higher after choppy trade
U.S. grains: Soy, corn firm on weather worries, bargain buying
Chicago | Reuters — U.S. soybean and corn futures rose Tuesday on bargain hunting following Monday’s sharp declines, and worries about wet forecasts slowing planting in portions of the northern Midwest, analysts said. U.S. wheat futures finished mixed, with Chicago Board of Trade soft red winter wheat futures rising while K.C. hard red winter wheat […] Read more
CBOT weekly outlook: Soy, corn market attention shifts north
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there somewhat and caused soybeans and […] Read more
Spring outlook cooler for Prairies, warmer for Ontario
Growers in parts of Ontario may get an early start on planting this spring, while Prairie fields may see lingering snow and later-than-average last frosts. WeatherFarm’s spring forecast, powered by U.S.-based DTN Progressive Farmer, projects a cold start to the spring as likely for the western half of Canada, reversing the milder conditions shown over […] Read more
Greig: Late spring planting means more soybeans in Ontario
Ontario farmers are stopped across most of the province as consistently wet weather holds up planting and pushes farmers to plant more soybeans instead of corn. Significantly higher than normal rain in southern Ontario and record rainfall between Toronto and Ottawa mean that near the end of May, corn planting isn’t complete and there remains […] Read more
Soggy forecast worries Prairie farmers in race to seed crops
Winnipeg | Reuters — Heavy rain forecast for the soggiest parts of the Prairies this week is likely to further delay seeding in the world’s biggest canola-exporting country, meteorologists say. The rain, forecast to hit Alberta and Saskatchewan on Wednesday and Thursday respectively, would be the latest blow to farmers who could not harvest all […] Read more
Production outlook keeps canary seed under pressure
CNS Canada — Excess soil moisture is holding up planting of canary seed in Saskatchewan, though according to one market watcher, the overall production outlook for 2017 is good, leaving prices struggling to rise. “Prices are soft,” said Kevin Hursh, executive director of the Canaryseed Development Commission of Saskatchewan. Prices remain locked in the 19- […] Read more
U.S. grains: Soy, corn sag on technical selling
Chicago | Reuters — U.S. soybean futures hit a 1-1/2-week low on Thursday, pressured by follow-through weakness after Wednesday’s poor technical close and some farmer selling, analysts said. Corn futures sagged as forecasts called for improving weather in the U.S. Midwest, where wet conditions have stalled planting in some areas. Wheat futures were modestly higher. […] Read more
Sunflowers down, but not out in Western Canada
CNS Canada — Canadian sunflower plantings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage base of the past […] Read more
Prairie seeding off to ‘shaky start’
CNS Canada — Western Canada will likely see some favourable seeding conditions in the short term, one meteorologist says, though wet pockets in some areas need longer to dry out. “We are getting off to a little bit of a shaky start in some spots, but it looks like the weather pattern is going to […] Read more
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