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General, Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

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Reading Time: 2 minutes Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates […] Read more
CBOT May 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages and November 2021 soybeans (blue line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans rise on tight near-term supply

CBOT corn mixed, wheat lower

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Tuesday as traders assessed the impact of a lower-than-expected U.S. plantings forecast and a rain-delayed harvest in Brazil on ever-tightening supplies of the oilseed. Corn futures were mixed, with old-crop contracts rising slightly as investors adjusted positions ahead of a monthly U.S. Department of Agriculture world […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market digests USDA acreage report

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more
CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybean futures advance on supply concerns

Traders watch U.S. planting progress, crop weather

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres […] Read more
CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT May corn retreats after 7-1/2-year high

Deferred corn contracts climb; May soy, wheat also down

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Reading Time: 2 minutes Chicago | Reuters — U.S. nearby corn futures declined on Thursday on profit-taking after the benchmark contract climbed to its highest since 2013, bolstered by a U.S. Department of Agriculture (USDA) report that projected smaller-than-expected plantings and rekindled worries over global grain supplies. Nearby soybean futures also fell on profit-taking, after a limit-up rally a […] Read more
CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy

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Reading Time: < 1 minute MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily limit in reaction to USDA’s […] Read more
CBOT May 2021 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn limit-up on planting intentions

USDA acreage data provides lift; wheat also higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures surged by their daily trading limits on Wednesday after the U.S. Agriculture Department released smaller-than-expected U.S. planting intentions. Wheat followed higher, despite USDA’s higher-than-expected quarterly grain stocks. The most-active soybean futures contract on the Chicago Board of Trade (CBOT) added 70 cents to $14.36-3/4 per bushel, […] Read more
A mayfly on water. (SBTheGreenMan/iStock/Getty Images)
Crops

Health Canada steps back from bans on two neonics

New limits, some cancellations to be put in place

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Reading Time: 5 minutes A federal proposal to protect aquatic insect habitat by cancelling all registered outdoor uses for two popular ag insecticides has been walked back in a major way. Health Canada on Wednesday announced its special review decisions on the risks to aquatic bug life from the use of clothianidin and thiamethoxam, both pesticides and seed treatments […] Read more
CBOT November 2021 soybeans with 20-, 40- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn, wheat futures slide ahead of USDA data

Planting intentions, stocks reports due Wednesday

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Reading Time: 2 minutes Chicago | Reuters — U.S. soy and corn futures fell on Tuesday as traders liquidated positions and booked profits a day ahead of a pair of key crop reports from the U.S. Department of Agriculture, analysts said. Wheat also declined, with a firmer dollar hanging over the market along with spillover from broad weakness in […] Read more
CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn falls one per cent, soy drifts lower

May wheat ends up off nine-week low

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about one per cent on Monday on position squaring ahead of crop reports due this week from the U.S. Department of Agriculture (USDA) along with forecasts for generally favourable planting weather in the Midwest, analysts said. Soybean futures also declined while wheat closed higher, rallying on bargain […] Read more

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