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CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures hit highest in over four years

U.S. soy stocks enter 'danger zone,' Rabobank says

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Markets, Reuters

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

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Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more
File photo of a Prince Edward Island potato field. (Onepony/iStock/Getty Images)
Crops, Potatoes

P.E.I. seed potato growers backed for lost sales, costs

Pandemic compensation plan to take applications until mid-January

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Reading Time: 2 minutes Seed potato growers on Prince Edward Island who lost sales this year due to the COVID-19 pandemic, or have had to store or throw out stock, can soon apply for provincial compensation. The provincial government on Monday announced $1.19 million for a new Seed Potato Recovery Program, for seed growers “who can demonstrate that they […] Read more
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures surge again to new four-year high

USDA cuts corn, soybean yield estimates

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures soared to a fresh four-year high on Tuesday and corn topped a one-year high after the U.S. Department of Agriculture said stockpiles this marketing year will fall to their smallest in seven years. The forecasts, issued in a monthly crop report, reflected a decline in […] Read more
Smoke rises from the site of burning railcars at a CP derailment near Guernsey, Sask., on Feb. 6, 2020. (Photo: Reuters/Nayan Sthankiya)
Crops, Weather

New rail speed limits to be based on temperatures

Railways wanting to run under new limits must develop winter operation plans

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Reading Time: 3 minutes Given the odds of weird temperature swings happening somewhere in Canada at any time of year, railways will now instead be required to slow their trains’ speeds based on how cold it is outside at the time, rather than a date range. Federal Transport Minister Marc Garneau on Friday announced a new ministerial order meant […] Read more
(OceanFishing/iStock/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply

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Reading Time: < 1 minute MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
(Serts/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

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Reading Time: < 1 minute MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures touch new four-year top

Pfizer update on COVID vaccine sends shares, oil higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and […] Read more
The McDonald’s “P.L.T.” (CNW Group/McDonald’s Canada)
Crops, Pulses, Reuters

McDonald’s to make its own ‘McPlant’ items

Beyond Meat says co-created patty

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Reading Time: < 1 minute Reuters — Burger chain McDonald’s on Monday decided to debut its own plant-based meat alternatives line called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create. “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in […] Read more
A sight no one wants to see in soybeans: cupping of the leaves caused by dicamba.
Crops, Soybeans

U.S. legal system helps weeds win

Luckily, Canadian producers are still outside the reach of the Ninth Circuit Court ruling on dicamba-based herbicides

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Reading Time: 5 minutes In farming circles, the term “less-forgiving” has become more than a cliché. It’s now a mirror on reality. Farmers are already dealing with an incredible list of challenges and complexities, including everything from new seed technologies, concerns about land costs, equipment decisions, commodity markets, trade issues… you name it. Now growers in the U.S. must […] Read more

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