Chatham, Ont. — Most underpinnings for higher corn, soybean and wheat prices appear to have fallen away — leaving biodiesel the only area that could drive higher prices. A growth mandate for U.S. ethanol production ends in 2017, and oil prices continue to stagnate well below the highs of a few years ago, according to […] Read more
Corn/soy price ratio favours soybean acres, analyst says
Market analysts watch for surging soybeans to peak
CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
Corn, wheat prices seen hitting 10-year lows in 2016
Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
Manitoba soybean acreage looks to inch upward
CNS Canada — U.S. farmers may be seeding fewer soybean acres this spring but expectations for the crop remain relatively steady north of the border, according to Francois Labelle, executive director of Manitoba Pulse and Soybean Growers. “Our first indications are that acreage will be the same as last year to up a little bit,” […] Read more
U.S. grain prices soar as floods shut waterways, threaten crops
Chicago | Reuters — U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation routes, as widespread floods shut waterways from Illinois to Missouri and spurred a surge in physical prices of corn and soybeans. The sudden jump in prices could complicate a months-long stand-off between farmers who are […] Read more
Syngenta sales feel effect of low commodity prices
Zurich | Reuters –– Swiss firm Syngenta, the world’s largest maker of crop chemicals, suffered a bigger than expected fall in first-quarter sales having been hit by low commodity prices, the strong dollar and a prolonged winter in the U.S. The price of corn fell about 15 per cent in 2014, on top of a […] Read more
Market outlook: Not great, but not horrible either
Four to Watch: Market analyst Chuck Penner figures wheat has upside potential, but a soybean mountain casts a long shadow on oilseeds
Reading Time: 2 minutes Chill out and don’t get too down about the drop in grain and oilseeds prices. That’s the advice of Chuck Penner, owner of Left Field Consulting Services in Winnipeg. First, markets not only swing from lows to highs and back again, but tend to get stuck when they fall into a trough, he said. “When […] Read more
Cyber-Savvy Farmer
