Reading Time: 3 minutes Washington/Chicago | Reuters — The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world’s top soybean importer, […] Read more
U.S. to favour soybeans in trade war aid for farmers
China trade
Will the friction between China and Donald Trump create real opportunities for Canadian soybean growers?
Reading Time: 7 minutes In today’s world, the news headlines that we read in the morning can be turned on their head that afternoon, which is why being able to differentiate what is really newsworthy from what’s just background noise is becoming a critical success factor for farmers. On the trade front, ongoing tensions between the U.S. and China […] Read more
CBOT weekly outlook: Factors come together to boost prices
Reading Time: 2 minutes MarketsFarm — A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of R.J. O’Brien in Chicago. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in for […] Read more
Check the calendar, or the thermometer when deciding to plant soybeans?
Selecting the right soybean variety for the area is the best strategy for avoiding frost damage at either end of the season
Reading Time: 7 minutes In the space of a few years, soybeans on the eastern Prairies have gone from an experimental crop to a standard in the rotation, but there’s still that lingering thought that soybeans are a sensitive short-season crop and you need to get them in early to avoid fall frost. But how early? And what about […] Read more
CBOT weekly outlook: U.S./China deal awaited
Reading Time: < 1 minute MarketsFarm — The Chicago Board of Trade is carefully watching the prolonged trade drama between the U.S. and China and waiting to see if the two countries will reach an agreement in days to come. “Headlines are leading trade,” remarked Steve Georgy, president of Allendale Inc. at McHenry, Il. “Markets are revolving around China talk, […] Read more
Uncertainty could bring changes to soybean acres
Reading Time: 2 minutes MarketsFarm — At this time soybean acres in Canada have been projected to be down this year for a few reasons — not only because of trade issues with China, but also due to back-to-back dry years and declining prices. Statistics Canada’s 2019-20 principal field crop acreage report, released April 24, estimated 5.65 million acres […] Read more
Pest Patrol: Manage volunteer corn in your 2019 soybeans
#PestPatrol with Mike Cowbrough, OMAFRA
Reading Time: 2 minutes Q: Due to a challenging 2018 corn harvest, I’ll likely be looking at more volunteer corn in my 2019 soybean crop. What suggestions do you have for managing this weed? A: The only option to control volunteer corn in soybeans is to use one of the post-emergence herbicides from the Group 1 mode of action. […] Read more
CBOT weekly outlook: Weather, trade talks strong influences
Reading Time: 2 minutes MarketsFarm — Forecasts calling for more precipitation in the U.S. and trade talks with China are having powerful effects on prices at the Chicago Board of Trade this week from where one analyst sits. Steve Georgy of Allendale Inc. in McHenry, Ill. said the forecast has been driving soybean prices to new contract lows. Already […] Read more
Canadian farm exports hit new Chinese obstacles amid diplomatic dispute
Reading Time: 4 minutes Winnipeg/Beijing | Reuters — An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola […] Read more
CBOT weekly outlook: Bear market aches for bull news
Reading Time: 2 minutes MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more
A message from April Stewart, Country Guide's Associate Editor
