Reading Time: 2 minutes CNS Canada — The potential for a storm in the Gulf of Mexico to bring rain to parts of the U.S. Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a little bit […] Read more
CBOT weekly outlook: Corn, soybeans eye Tropical Storm Harvey
U.S. farmers confused by Monsanto’s Xtendimax instructions
Reading Time: 3 minutes Chicago | Reuters — With Monsanto’s latest flagship weed killer, dicamba, banned in Arkansas and under review by U.S. regulators over concerns it can drift in the wind, farmers and weed scientists are also complaining that confusing directions on the label make the product hard to use safely. Dicamba, sold under different brand names by […] Read more
CBOT weekly outlook: Corn, soy struggle under heavy supplies
Reading Time: 2 minutes CNS Canada — Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the U.S. Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre, and soybean yields of 49.4 bu./ac. “That just destroyed the market,” said Scott […] Read more
Soybean, corn market futures await USDA data
Reading Time: < 1 minute CNS Canada – Improving Midwestern weather forecasts weighed on soybean and corn futures at the Chicago Board of Trade during the week ended August 2, with all eyes now turning to upcoming USDA data. The USDA is set to release a number of key reports on August 10, including updated world supply/demand numbers and US […] Read more
Some soybean aphids showing up so scout your fields
Reading Time: 2 minutes Soybean aphids are being found in some soybean fields near Portage la Prairie and some fields have been sprayed, while others are being monitored, Red Beard Farms aerial applicator Chris McCallister said in an interview July 27. The threshold for applying an insecticide to control soybean aphids is 250 and rising. The “rising” part is […] Read more
Prairie soybeans growing well ahead of key pod-filling time
Reading Time: 2 minutes CNS Canada — The way things stand now, soybeans look to continue their strong push into Manitoba and Saskatchewan. The key pod-filling time in late July and early August will ultimately decide, but soybean fields in both provinces are doing well so far. In Manitoba, which planted almost 2.23 million acres of soybeans — a […] Read more
CBOT weekly outlook: Corn, soy seen rising
Reading Time: < 1 minute CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more
Minimal issues reported with dicamba drift in Ontario
Reading Time: 3 minutes UPDATED, July 21, 2017 — There appear to be few dicamba drift problems in Ontario, unlike in other soybean-growing areas in the U.S. The provincial environment and climate change ministry, the body to which spray drift problems are reported in the province, has heard of some anecdotal cases this year, but nothing significant, according to […] Read more
CBOT weekly outlook: December corn looks pricey above $4 mark
Reading Time: < 1 minute CNS Canada — A larger than expected carryout of U.S. corn supplies has cast a bearish tint over the market. In the U.S. Department of Agriculture’s monthly supply and demand report, the agency pegged domestic corn stockpiles for 2017-18 at 2.325 billion bushels, which exceeded the June projection of 2.11 billion. Futures quickly plunged lower, […] Read more
Tennessee restricts dicamba use as problems spread
Reading Time: 2 minutes Chicago | Reuters — Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto, to become the fourth state to take action as problems spread over damage the herbicide causes to crops not genetically modified to withstand it. Dicamba is sprayed by farmers on crops genetically modified to resist it […] Read more
A message from April Stewart, Country Guide's Associate Editor
