Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.
Rangebound outlook for CBOT soybeans/corn in short-term
Tightening canola ending stocks for 2024/25: AAFC
Reading Time: 2 minutes Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Strong duty-free Indian yellow pea demand could continue
Reading Time: 2 minutes Solid exports of Canadian yellow peas to India over the past few months could continue for longer, as officials contemplate extending duty-free imports once again.
Speculators finally backing away from bearish bets in canola
Reading Time: < 1 minute Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie wheat bids rise as U.S. futures attempt recovery
Reading Time: 2 minutes Spring wheat bids in Western Canada moved higher during the week ended March 14, as wheat futures in the United States tried to recover off their lows.
IGC sees world crop production rising in 2024/25
Reading Time: < 1 minute World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.
Feed barley sees nearby strength heading into spring
Reading Time: < 1 minute Seasonal trends and rising corn prices have underpinned the feed grain market in Western Canada over the past few weeks, although ample supplies will likely limit the upside going forward.
Canadian canola crush hit record in 2023: StatCan
Reading Time: < 1 minute Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Canadian pulse plantings to rise in 2024
Reading Time: 2 minutes Canadian lentil area is forecast to be up by 4.4 per cent on the year, at 3.829 million acres, according to the estimates of principal field crops report released by Statistics Canada on March 11. After conducting a survey of producers in December and Janyar, StatCan forecast pea area in 2024 at 3.122 million acres which would be up by 2.4 per cent on the year.
Canola short position up again in early March
Reading Time: < 1 minute The net speculative short position in canola continued to rise in the first trading days of March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
A message from April Stewart, Country Guide's Associate Editor
