Reading Time: 2 minutes Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
Oilseeds
U.S. grains: Soybeans set another four-year low following USDA report
Combining underway in Manitoba
Reading Time: 2 minutes The harvesting of fall cereals was well underway in Manitoba, according to the province’s latest crop report released on Aug. 13. Manitoba Agriculture said 39 per cent of the fall rye and 17 per cent of the winter wheat had been combined.
Changes to Canadian Entrepreneurs’ Incentive won’t offset capital gains losses says Grain Growers of Canada
Reading Time: 2 minutes Grain Growers of Canada says proposed changes to the Canadian Entrepreneurs’ Incentive will help some grain farmers but won’t offset losses due to changes to the capital gains inclusion rate.
U.S. grains: Corn and soy futures near four-year low, wheat rises
Reading Time: 2 minutes Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Reading Time: 2 minutes Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.
Flow of canola oil to U.S. set to hit record in 2024
Reading Time: 2 minutes American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.
Argentine oilseed workers strike extended as delays hit dozens of ships
Reading Time: < 1 minute A pair of Argentine oilseed industry unions announced a one-day extension to an ongoing strike that has halted operations at the country's major agricultural hubs.
U.S. grains: Corn, soybeans face bearish pressure on hefty supplies
Reading Time: 2 minutes Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.
Canadian markets ignoring any weather woes for now
Reading Time: 3 minutes Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.
Saskatchewan crops advance rapidly: report
Reading Time: 2 minutes Hot temperatures and a lack of moisture saw crops in Saskatchewan continue to advance rapidly during the week ended Aug. 5, according to the latest provincial crop report, with the conditions leading to a further decline in yield potential. While any moisture received would be too late for advanced crops, producers indicated precipitation would still […] Read more