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Crops Crops

CBOT July 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more
File photo of a sunflower crop in Manitoba. (MysticEnergy/Getty Images)
Crops, Markets, Weather

Bigger sunflower crop expected for 2020

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Reading Time: < 1 minute MarketsFarm — Canada will likely see its largest sunflower crop in a number of years in 2020 if weather conditions co-operate, as good end-user demand and solid returns for growers generate increased interest in the crop. Canadian farmers intend to seed 104,400 acres of sunflowers this spring, which would be up 36 per cent on […] Read more
Wet conditions will increase the chance of clubroot-infected soil sticking to machinery and being transferred to other fields.
Crops

Disease considerations for a late and wet spring

In the west, it could mean more clubroot transmission. In the east, growers should be concerned about phytophthora in soybeans

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Reading Time: 4 minutes At the time of writing, spring moisture conditions in Eastern Canada remained to be seen, but there wasn’t much question about the Prairies — many growers would still be dealing with wet soils and late planting due to rain and snow from last fall. For example, by early October the Western Cypress Hills area of […] Read more
(Kraig Scarbinsky/DigitalVision/Getty Images)
Crops, Markets, Reuters

Packaged-food majors see sales spike in pandemic

Big brands may benefit from larger, more secure supply chains

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Reading Time: 2 minutes Reuters — General Mills on Monday said it saw record demand for its pantry staples, becoming the latest packaged food maker to see business spike during the COVID-19 pandemic, as homebound shoppers stocked up on comfort foods during lockdowns. The company joins Nomad Foods, Premier Foods, Nestle, Mondelez and other processed food makers, which have […] Read more
CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat nears two-month low on export competition

Corn, soybean futures also sag

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged […] Read more
ICE July canola with 20- and 100-day moving averages and CBOT July 2020 soyoil (blue line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

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Reading Time: < 1 minute MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable […] Read more
(USDA.gov via Flickr)
Crops, Markets

CBOT weekly outlook: Global grain stocks exert pressure

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Reading Time: < 1 minute MarketsFarm — A forecast of sizeable global ending stocks is weighing on values at the Chicago Board of Trade (CBOT), according to Terry Reilly, senior commodity analyst for Futures International in Chicago. The U.S. Department of Agriculture (USDA) on Tuesday issued its monthly supply and demand report in which it forecast global corn carryout to […] Read more
CBOT July 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn up despite USDA forecast for ballooning stocks

Soybeans drift lower; wheat weaker on improving crop weather

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more
A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)
Crops, Markets

Global wheat, corn, soy production expected to increase

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Reading Time: < 1 minute MarketsFarm — Global crop production in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) is expected to increase for wheat, corn and soybeans. USDA released its world agriculture supply and demand estimates (WASDE) on Tuesday. The expectation is that global wheat production will be bumped up by 0.56 per […] Read more

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