Reading Time: 2 minutes Chicago Board of Trade soybean futures ended the day higher on Thursday on a flurry of late-session buying, as the market struggled to gain clarity on the size of the Brazilian crop, traders said.
Oilseeds
U.S. grains: Soybeans turn higher, grains lower, on raft of government data
Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter
USDA raises U.S. carryout, tightens Brazilian production
World wheat carryout estimate downgraded, but well above previous year
Reading Time: 2 minutes Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.
Less Canadian wheat, more canola on hand to end 2023: StatCan
Some had anticipated even larger on-farm canola stocks, given slower export pace
Reading Time: 2 minutes Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.
U.S. grains: Corn, soybeans touch new multi-year lows on grain glut worries
Easing heat wave in Argentina tempers crop worries
Reading Time: 2 minutes Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.
Canadian grain exports a mixed bag in December
Top three canola importers bought less, U.S. bought more
Reading Time: 2 minutes While Canada’s canola exports fell back so far this marketing year compared to last year, those for wheat were up, according to the Canadian Grain Commission. Released on Feb. 7, the monthly export report took Canada’s exports for cereals, oilseeds and pulses to the end of December.
USDA attaché sees improvement in Argentina wheat, corn
Recent hot spell in Argentina may have eroded potential corn yields
Reading Time: < 1 minute Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina.
Prairie forecast: Stormy start in the east, slightly cooler west
Issued Feb. 7, covering Feb. 7 to 14, 2024
Reading Time: 4 minutes You can’t say it has been a strange and interesting winter. First, we saw a wintery end to October, then fall moved back in for most of November and December before we finally saw a big old shot winter in mid-January. Now we have been dealing with spring like conditions over the last two weeks – what’s next? Well, it looks like winter is going to try and make a comeback.
U.S. grains: Soybeans firm on bargain-buying ahead of USDA report
Wheat futures rose while corn ended lower on forecasts for rain in Argentina
Reading Time: < 1 minute U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.
EU recommends ambitious 2040 climate target, goes light on farming
In face of farmer protests, EU weakens some recommendations related to agriculture
Reading Time: 3 minutes The European Commission recommended on Tuesday that the EU slash net greenhouse gas emissions by 90 per cent by 2040, an ambitious target that will test political appetite for the region's fight against climate change ahead of EU elections.
Protein sector faces labour crunch: report
Nearly two thirds of agri-food companies can't hire all the workers they need
Reading Time: 3 minutes Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report.