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
China to approve further domestic GMO corn, soy crop varieties
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
CBOT weekly outlook: Soy trade watching weather, export demand
Reading Time: < 1 minute MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing down by nine cents at […] Read more
October crush numbers up, canola record set
Reading Time: < 1 minute MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more
CBOT weekly outlook: Corn, soy continue rallies
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more
A message from April Stewart, Country Guide's Associate Editor
