Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in a diplomatic and trade dispute […] Read more
Canadian farmers to reduce canola plantings by seven per cent
U.S. confirms China soybean purchase, but no clarity over more sales
Chicago/Washington | Reuters — U.S. government officials on Thursday hailed China’s first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million tonnes of U.S. […] Read more
Soybean exports face stiff U.S. competition
CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
Manitoba soybean acreage predictions mixed
CNS Canada — While some in the soybean sector think Statistics Canada is right about its predictions for a decline in Manitoba acres, others think plantings should still end up close to the record in 2017. Statistics Canada is predicting soybean acres in Manitoba to drop to 1.96 million from 2.29 million, according to its […] Read more
Corn/soy price ratio favours soybean acres, analyst says
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
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
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