Reading Time: 2 minutes Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
Bearish Chicago grains/oilseeds in need of a new story
Canadian pea exports slow in June
Reading Time: < 1 minute Canadian pea exports slowed in June, as end user demand shifted to the looming new crop with only one month left in the 2023/24 marketing year, according to the latest Statistics Canada trade data released Aug. 6. Chickpea movement was also slow, while lentil exports were up on the month but still off the year-ago pace.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
Reading Time: < 1 minute A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
WATCH: Enthusiasm beats the heat at AIM 2024
Reading Time: 2 minutes The full attendance tally is still to come, but O’Connor estimated that this year’s event drew 30,000-32,000, with many people needing more than one day to make their way through the grounds to take in the new machinery, innovations, crop research and all things ag-related in-between.
Fuel hedging platform wins AIM innovation award
Reading Time: < 1 minute Rack Petroleum Ltd.’s HedgeHog app allows users to confirm a guaranteed price for diesel for future delivery up to two years into the future.
From AIM: Expect a year of drone drama
Reading Time: 2 minutes Spray regulations haven't kept up with drone advancements.
Manitoba crops advancing with warm weather: report
Reading Time: < 1 minute Warmer conditions across Manitoba during the week ended July 16 helped advance crop growth, with recent rainfall leaving most of the province with wet or optimal soil moisture conditions, according to the latest provincial crop report.
Off the ‘slightly muddier’ beaten path at Discovery Farm
Reading Time: < 1 minute The "Off the Beaten Path" demonstration tour presented by BMO at the Ag in Motion farm show July 16-18, highlighted the multi-year research underway by several companies at the 610-acre site, with the improved moisture levels in 2024 helping provide new data for the ongoing projects.
Short position in canola edges lower, while soybeans/corn rise
Reading Time: < 1 minute The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta crop conditions steady at 74 per cent good-to-excellent
Reading Time: < 1 minute Warm temperatures helped keep crop conditions well above average in Alberta during the week ended July 9, although heat stress could become a concern without cooler temperatures and more precipitation in the weeks ahead, according to the latest provincial crop report.
A message from April Stewart, Country Guide's Associate Editor
