Reuters — China’s state-owned Cofco International Ltd. (CIL) and U.S. farm co-operative Growmark on Friday announced a new grain supply partnership which they say will enhance links between U.S. grain production areas and global markets, including China. The partnership is the latest expansion move by CIL after it invested US$3 billion to buy Noble Group’s […] Read more
China’s Cofco to partner with Growmark on U.S. grain supply
USDA sees bumper U.S. corn, soy harvests despite weather woes
Washington/Reuters – The U.S. 2017 corn and soybean harvests will be bigger than expected despite a slow start to planting and concerns that hot and dry conditions stressed the corn crop during critical periods of development, the government said on Thursday. The U.S. Department of Agriculture’s forecasts for both corn and soybean yield and production […] Read more
Soybean, corn market futures await USDA data
CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US […] Read more
Canola market dips to rally, heat stress hits wheat crops
CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders […] Read more
Some soybean aphids showing up so scout your fields
Soybean aphids are being found in some soybean fields near Portage la Prairie and some fields have been sprayed, while others are being monitored, Red Beard Farms aerial applicator Chris McCallister said in an interview July 27. The threshold for applying an insecticide to control soybean aphids is 250 and rising. The “rising” part is […] Read more
Prairie soybeans growing well ahead of key pod-filling time
CNS Canada — The way things stand now, soybeans look to continue their strong push into Manitoba and Saskatchewan. The key pod-filling time in late July and early August will ultimately decide, but soybean fields in both provinces are doing well so far. In Manitoba, which planted almost 2.23 million acres of soybeans — a […] Read more
StatsCan wheat acres watched closely
CNS Canada — Persistent concerns over the state of the U.S. spring wheat crop should place more attention than normal on Canada’s wheat area when Statistics Canada releases updated acreage estimates on Thursday. Ahead of the report, trade estimates for all-wheat area range from 21.5 million to 23.2 million acres, which would compare with the […] Read more
Soybeans elbow their way to top of Prairie market
CNS Canada — As soybeans rise in acreage across Western Canada, many are wondering which crop will bear the brunt of their sudden expansion. “Guys are trying to figure out — is it squeezing out canola or peas?” said Dan Mazier, president of Keystone Agricultural Producers. “It’s one of those products.” Flax has also taken […] 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
CBOT weekly outlook: Corn, soy rangebound
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect […] Read more
Cyber-Savvy Farmer
