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CBOT July 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures rebound on Chinese buying, Midwest frost concerns

Freezing forecast raises concern about Midwest crops

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Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures prices rebounded on Thursday on renewed Chinese buying of corn and soy and as forecasts for sub-freezing temperatures across the country stoked concerns that some vulnerable crops may sustain damage. Gains, however, were tempered by plentiful supplies and worries about demand as traders started positioning ahead […] Read more
(File photo by Dave Bedard)
Crops

Fuel, labour to pull grain freight cost indices lower

CP's share buybacks also a factor in its VRCPI

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Reading Time: 2 minutes The numbers that decide how much revenue Canada’s big two railways get to keep from Prairie grain handling have been marked downward for the 2020-21 crop year. The Canadian Transportation Agency last week announced it will set the volume-related composite price index (VRCPI) at 1.4202 for Canadian National Railway (CN) and at 1.4205 for Canadian […] Read more
(File photo)
Crops, Forages, Fruit/Vegetables, Weather

Ontario extends fruit, forage insurance premium deadlines

Extension offers 'flexibility,' Agricorp says

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Reading Time: < 1 minute Ontario fruit and forage growers who have production insurance premiums due this month will now have until June 30 to pay, the province said Monday. The extended premium payment deadline applies only to production insurance plans for fruit, strawberries and asparagus — and to the forage rainfall insurance plan, which uses rainfall as an indicator […] Read more
(File photo by Dave Bedard)
Crops, Reuters

Nutrien cuts 2020 forecast as corn demand, potash prices hit

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Reading Time: < 1 minute Reuters — Fertilizer maker Nutrien said Wednesday it has seen limited impact from the COVID-19 outbreak, but cut its annual forecast as oil downturn hit corn demand and potash prices are hard-pressed outside North America. Biofuel producers have been hit by plummeting demand for gasoline and jet fuel after severe global travel restrictions were imposed […] Read more
CBOT July 2020 soybeans with Bollimger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn end lower as demand flags

Wheat pressured by improved Northern Hemisphere weather

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures settled lower on Wednesday, as continued weak demand due to the coronavirus epidemic and renewed U.S.-China trade tensions offset support from a flurry of commodity purchases by top importer China. Corn also slipped, following a pullback in crude oil, while wheat eased as beneficial rain for Northern Hemisphere […] Read more
Green lentils. (Savany/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Lentil exports up on year

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Reading Time: < 1 minute MarketsFarm — Canadian lentil exports are running well ahead of the year-ago level, according to the latest numbers. Canada exported 267,462 tonnes of lentils in March, the second-highest monthly total of the crop year to date and well above the 130,980 tonnes exported during the same month the previous year. The United Arab Emirates was […] Read more
(PortOfThunderBay.com)
Crops, Markets

Thunder Bay sees increased port traffic to start season

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Reading Time: < 1 minute MarketsFarm — The Port of Thunder Bay reports “a surge in grain throughput” as the global COVID-19 pandemic has led to tight grain supplies in some countries and an increase in demand. Grain moved through Thunder Bay, on the northern shore of Lake Superior, is loaded onto “laker” vessels that transport to North American destinations […] Read more

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