Crops & Crop Production Guide

USDA November soy crush estimated at 199.7 million bushels

The U.S. crush topped 200 million bushels in October for the first time ever

By Julie Ingwersen, Reuters December 29, 2023

Reading Time: 2 minutes The U.S. soybean crush likely eased slightly to 5.991 million short tons in November, or 199.7 million bushels, while soyoil stocks rose, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.

Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)

Crops, Markets, Reuters

EU wheat prices set for annual fall as Black Sea trade withstands war

War in Ukraine propelled grain prices to record highs in 2022, but prices subsided this year

By Reuters December 29, 2023

Reading Time: 2 minutes Euronext wheat edged up on Friday but was set for a sharp decline over the year after stiff export competition from the Black Sea region eased worries about war disruption to the grain trade.

CBOT wheat futures ZWH24 on Dec. 28 with moving averages for 20, 50 and 100 days. (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat rebounds with Black Sea risks, short covering by funds

Corn, soybeans fell as traders assessed a rainy forecast in South America

By Brendan Obrien, Reuters December 28, 2023

Reading Time: 2 minutes Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.

Crops, Markets

ICE weekly outlook: No reason for strong rally in canola

Canola likely to pull back once trading gets back into full swing in New Year

By Glen Hallick - MarketsFarm December 27, 2023

Reading Time: 2 minutes There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.

Crops, Markets

CBOT weekly outlook: Late Christmas gift for futures

Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans

By Adam Peleshaty - MarketsFarm December 27, 2023

Reading Time: 2 minutes On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.

Crops, Markets, Reuters

China approves seed firms for GMO corn and soybeans

The world's biggest buyer of soybeans and corn wants to reduce its reliance on imports

By Mei Mei Chu, Reuters December 27, 2023

Reading Time: 2 minutes China has approved a first batch of seed companies to breed and sell genetically modified corn and soybean seeds, paving the way for commercial planting of GMO grains in a move that could cut its reliance on imports from the U.S. and Brazil.

Crops, Markets

Rising loonie and weaker futures weigh on spring wheat bids

The Canadian dollar strengthened relative to its United States counterpart

By Phil Franz-Warkentin December 22, 2023

Reading Time: 2 minutes Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.

Crops, Livestock, Markets

More local barley destined for rations, but U.S. corn still moving

Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes

By Phil Franz-Warkentin December 22, 2023

Reading Time: < 1 minute Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.

CBOT soybeans ZSH24 on Dec. 21. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans fall on Brazilian rain forecasts

Corn up on technical bounce, wheat up on weaker dollar

By P.J. Huffstutter, Reuters December 21, 2023

Reading Time: 2 minutes Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.

Crops, Markets, Reuters

U.S. grains: Chicago corn futures hit new lows

Exports being lost because of US-Mexico rail crossing closures, industry says

By P.J. Huffstutter, Reuters December 20, 2023

Reading Time: 2 minutes Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.

Daily Network News

Wheat breeding system no longer works, Canadian Wheat Research Coalition report says

Feed grain weekly: Barley steady in late February

Reduced Argentine soybean harvest, bigger crush says USDA attaché

Crops

USDA November soy crush estimated at 199.7 million bushels

EU wheat prices set for annual fall as Black Sea trade withstands war

U.S. grains: Wheat rebounds with Black Sea risks, short covering by funds

ICE weekly outlook: No reason for strong rally in canola

CBOT weekly outlook: Late Christmas gift for futures

China approves seed firms for GMO corn and soybeans

Rising loonie and weaker futures weigh on spring wheat bids

More local barley destined for rations, but U.S. corn still moving

U.S. grains: Soybeans fall on Brazilian rain forecasts

U.S. grains: Chicago corn futures hit new lows

A message from April Stewart, Country Guide's Associate Editor

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for Feb. 20, 2026

Latest Market News