Reading Time: 2 minutes Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.
U.S. corn, soybean, wheat yields to rise in 2024/25
More soybean acres; corn and wheat area to drop
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Reading Time: 2 minutes Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Attaché sees larger Indian rapeseed crop than USDA
Cold weather beneficial; harvested area, yields steady
Reading Time: 2 minutes The United States Department of Agriculture’s attaché in New Delhi forecast an increase India’s production of rapeseed-mustard for 2023/24. The attaché projected a harvest of 11.90 million tonnes versus the 11.70 million expected by the department.
Prairie wheat weekly outlook: Prices down, especially for durum
Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices
Reading Time: 2 minutes Wheat prices across the Canadian Prairies pulled back during the week ended Feb. 8. While there were moderate declines in Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, there were sharper losses for Canadian Western Amber Durum.
Feed grain weekly outlook: Ample supplies pushing down prices
Livestock feeders well covered with U.S. corn, pressuring prices
Reading Time: 2 minutes Due to good supplies, prices for feed barley and wheat continued to slide back, according to Jim Beusekom of Market Place Commodities in Lethbridge, Alta.
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.
Pulse weekly outlook: Lentils remain steady for now
Eston lentils the sole outlier, nudging up a penny per pound
Reading Time: < 1 minute Lentil prices held firm over the last week across Western Canada, according to Prairie Ag Hotwire.
Technical centre wants farmers to consider barley
AAFC projects higher barley production in 2024
Reading Time: 2 minutes As farmers prepare for spring seeding, the Canadian Malting Barley Technical Centre reminded them to keep barley in mind.
ICE Canada weekly outlook: Canola continues to be bearish
Keep close eye on upcoming stocks as of Dec. 31 Stat Can report, says analyst
Reading Time: 2 minutes Despite farmer selling there remained little doubt that the canola market was bearish during the week ended Jan. 31, according to analyst Jerry Klassen of Resilient Commodity Analysis in Winnipeg.
A message from April Stewart, Country Guide's Associate Editor
