Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Soybean acres may soon stabilize in Manitoba
Volatile yields, acres and weather have kept soy on a roller-coaster since 2017
There's an emerging consensus in Manitoba that soybean acres in the province could soon stabilize at around 1.5 to 1.9 million.
U.S. dicamba ruling won’t touch Canada: Bayer
Thousands of American farmers who have already bought the herbicide now in a bind after court bans over-the-top use
An Arizona court decision that essentially prohibits American farmers from using dicamba for over-the-top spraying on soybeans and cotton will not stop Canadian growers from using the herbicide this year, says Bayer Crop Science Canada.
Canola market hasn’t hit bottom yet
With low demand, the oilseed is expected to continue its downward trajectory
Reading Time: 2 minutes Canola prices have been falling steadily since reaching record highs in 2022, and according to agriculture markets analyst Brad Magnusson, they haven’t hit bottom yet. The CEO of Magnusson Consulting Group spoke to farmers at St. Jean Farm Days Jan. 10 in St. Jean Baptiste, Manitoba. “Demand is low,” he said, pointing to a graph […] Read more
CBOT weekly outlook: Pointing towards more soybean acres in 2024/25
Southern U.S. cotton crop could cap soybean acres
As farmers in the United States get ready to plant their crops in 2024, there has been speculation of how much corn and soybeans they will plant.
China’s embrace of GMO crops gains momentum with new import, planting approvals
GMO corn, soybeans, cotton recently approved for domestic production in China
China on Thursday approved additional varieties of genetically modified soybeans and corn for import and production while expanding their planting areas nationwide, as part of a drive to improve food security and reduce imports.
ICE weekly outlook: Virtually no upside for canola
Forthcoming South American soybean harvest a bearish influence
With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
Company seeks stinkweed acres in the U.S.
Fit seen in renewable diesel feedstock market, Canola Week told
Reading Time: 2 minutes Kevin Cook wants farmers to grow more weeds. He is the vice-president of breeding at CoverCress Inc., a company that has successfully converted stinkweed, also known as pennycress, into a viable winter oilseed cover crop. The initial target market will be the central United States but it could eventually make its way north to Western […] Read more
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
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