Reading Time: < 1 minute MarketsFarm — Over the last week at the Chicago Board of Trade (CBOT) corn has been leading soybeans, while wheat has been lacking good exports, according to Ryan Ettner, broker with Allendale Inc. in Fort McHenry, Ill. Ettner said he also expects the situation is very likely to continue, barring any kind of a major […] Read more
CBOT weekly outlook: Corn is the leader
CBOT weekly outlook: Soy, corn turn bearish
Traders keep an eye on South America
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more
Pest Patrol: Crop injury from herbicide residues more common in 2020
#PestPatrol with Mike Cowbrough, OMAFRA
Reading Time: 4 minutes In 2020, a few farmers observed leaf injury in their soybean crops. The injury caused parts of the leaf to turn white, then yellow (see photo at top). This injury is typically caused by “bleaching” herbicides. It was odd, though, because the bleaching herbicide had been applied to the previous year’s corn crop, and it […] Read more
China to approve further domestic GMO corn, soy crop varieties
Reading Time: 2 minutes Beijing | Reuters — China said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co. Ltd. The move comes after China last year approved three domestically designed GMO crops as safe, the first in a decade, […] Read more
Bringing soybeans into a more favourable light
Illinois researchers investigate transitory shadows to brighten soybean yields
Reading Time: 4 minutes One phrase often heard when the talk turns to getting more bushels out of a crop is the advice to “control the controllable.” Speakers making presentations use the term as a call for growers to streamline their focus on a select number of management practices. Factors such as planting depth, row width, weed, disease and […] Read more
Will more GMO soybeans be planted in 2021?
Market demands for soybeans are changing, as are consumer preferences
Reading Time: 6 minutes Any time there’s an outlook for lower commodity prices, the question comes up: “What would I plant instead?” On many farms, that’s when the non-GMO side of the soybean sector gets a fresh look. But one thing doesn’t change. Planting non-GMO food-grade or identity preserved (IP) still means having to balance the positives and negatives. […] Read more
ICE weekly outlook: Canola, soybeans – keep an eye on South America
Reading Time: 2 minutes MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities in Winnipeg, Man., suggested there […] Read more
Canadian canola crush running strong
Reading Time: < 1 minute Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush […] Read more
Prairie soybeans settle back
Three years of dry Augusts might make for good cereal harvesting weather, but leave soybeans struggling for pod fill
Reading Time: 3 minutes After a stratospheric climb early in the last decade, Prairie soybean acreage has been on a downturn for the past three years. Manitoba acreage rose from 520,000 in 2010 to almost 2.3 million in 2017, but fell every year since to 1.15 million this past spring. Saskatchewan followed a similar pattern, reaching 850,000 acres in […] Read more
CBOT weekly outlook: $12 soybeans possible
Reading Time: 2 minutes MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close to that point back on […] Read more
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