Commodity News Service Canada – While Saskatchewan and Manitoba farmers wish the rain would go away, some Ontario farmers are wishing it would pour. “We’ll trade some nice, hot, dry, sunny weather for your water and rain,” said Jeff Barlow, a director with Grain Farmers of Ontario who farms in the southern part of the province. […] Read more
Ontario soybeans, corn suffer under ‘heat dome’
EU approves Monsanto Roundup Ready 2 Xtend beans
Reuters — The European Commission on Friday approved imports of Monsanto’s Roundup Ready 2 Xtend genetically modified soybeans, opening up an important export market for North American soybeans and easing their global rollout. The decision removes a hurdle for Monsanto in its dealings with farmers and grain traders, who have to keep track of whether […] 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
Saskatchewan lentil acres seen rising
CNS Canada — The International Year of the Pulses is certainly living up to its name, as territories capable of growing them look to cash in on India’s insatiable demand for supplies. However, it seems not all pulses are created equal, as lentils appear to be the main driver, with peas coming in second. “It […] Read more
ICE weekly outlook: Canola ebbs, flows in wide range
CNS Canada –– ICE Futures Canada canola contracts have moved steadily higher over the past month, but the market remains rangebound overall. “There are underlying supportive influences for canola, but it still comes down to the bigger trends in vegetable oils and oilseeds competing internationally,” said Mike Jubinville of ProFarmer Canada, adding that “there’s a […] Read more
China’s farmers switch to soy amid corn market reform
Reuters — Wang Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near-decade-old corn price support scheme. China announced last week it will stop its corn stockpiling program and allow markets to set […] Read more
Six numbers in agriculture to make you stop and think
It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy
In 2009, total Canadian net farm income was $2.8 billion. Four years later, it was $10 billion more, with Statistics Canada’s saying a $5.6-billion rise in the total value of farm-owned inventories from the year before accounted for almost all of the increase in total net income in 2013 That inventory increase came from a[...]
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ICE weekly outlook: Canola watching currency, soybeans
CNS Canada — ICE Futures Canada canola contracts posted small gains during a choppy trading week ended Wednesday. Values were under pressure from the start due to a sharp break below major chart support on Feb. 9. Expectations of a large soybean crop from South America along with the ever-strengthening Canadian dollar put pressure on[...]
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Brazil soy planting lags historical average despite rain
Sao Paulo / Reuters – Soybean planting in Brazil remained behind the historical average even after isolated rainfall in the center-west, analyst firm AgRural said on Friday, with 31 per cent of area planted compared to the 42 per cent five-year average. A year earlier at this time 29 per cent of the previous crop[...]
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Pearce: Winter wheat’s challenges go beyond just the seeding
For the past five growing seasons, winter wheat has taken it on the chin in terms of its status as one of the Big Three crops in Eastern Canada. Compared to soybeans, which have seen a steady climb to the three million-acre mark in those five seasons, wheat has suffered from poor seeding conditions with[...]
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