MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
USDA makes some changes to Canadian, world crop estimates
U.S. grains: Corn, soybeans rally as rains threaten more planting problems
Chicago | Reuters — U.S. grain and soybean futures jumped to their highest levels in more than a week on Wednesday as rains threatened to further delay corn and soy plantings and put crop yields at risk. The gains came a day after the U.S. Department of Agriculture (USDA) on Tuesday cited “unprecedented planting delays” […] Read more
ICE weekly outlook: Canola markets remain sensitive to weather
MarketsFarm — Canola markets were following trends set by soybean prices, as worries of late planting weighed on the minds of traders and farmers alike. As corn planting comes to an end, prolonged wet weather has continued to delay soybean planting to the point where the growing season may be shortened. “I think the market […] Read more
CBOT weekly outlook: What happens with corn, will happen to soybeans
MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more
Corn down, soybeans steady in latest U.S. supply/demand report
MarketsFarm — Corn production in the U.S. has been projected to drop by almost nine per cent in 2019, according to the latest world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). The department released its report on June 11, with some notable changes and ‘non-changes’ compared to its May […] Read more
U.S. grains: Corn hits one-week high as USDA cuts yield more than expected
Chicago | Reuters — U.S. corn futures climbed to a one-week high on Tuesday after the U.S. Department of Agriculture (USDA) made a bigger-than-expected cut to its yield estimate due to unprecedented planting delays this spring. USDA, in a monthly report, slashed its corn yield projection by 10 bushels an acre from May, or 5.7 per […] Read more
U.S. grains: Corn seesaws, soy rises on planting uncertainty
Chicago | Reuters — U.S. corn futures veered between gains and losses while soybean futures rose on Monday as planting delays fueled uncertainty over the size of the nation’s crops. Heavy rains delayed plantings the spring and traders remain unsure about how many acres of corn and soy will actually be planted and how much […] Read more
Ontario extends corn, soy, bean planting deadlines
Waterlogged Ontario farmers still waiting on a window to plant corn, soybeans and coloured and white beans ahead of crop insurance deadlines now have at least a couple of extra days. Agricorp, the province’s production insurance and farm program delivery agency, announced extensions Friday for several of its planting deadlines. Corn growers in areas A, […] Read more
P+H plans new elevator east of Winnipeg
Grain company Parrish and Heimbecker is set to put up one of the easternmost primary grain elevators in Western Canada, not far from one of its existing sites. The privately held Winnipeg company announced Friday it will start construction this month on a 25,000-tonne capacity grain elevator on Canadian National Railway track at Dugald, Man., […] Read more
Canada frets about potential Chinese crackdown on more exports
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said on Thursday he was concerned that China could broaden its crackdown on Canada’s exports, and that he might seek a meeting with Chinese President Xi Jinping later this month. China has already blocked imports of Canadian canola seed and looks set to boost customs examinations […] Read more