Reading Time: 2 minutes Reuters — U.S. corn production will crack the 14-billion-bushel mark for the first time in 2014, the U.S. Department of Agriculture said on Tuesday, but the crop was slightly below trade expectations, potentially giving a bullish kick to the beaten-down corn futures market. At 14.03 billion bushels, the estimated crop fell short of trade estimates […] Read more
USDA projects record U.S. corn, soybean production
Drozd: Classic head-and-shoulders top signals end to bull soybean market
Reading Time: 3 minutes The November 2014 soybean futures contract has lost over US$2 per bushel in the past two months. Once prices dropped below $12, a classic chart formation referred to as a head-and-shoulders top was completed and prices quickly plunged to the pattern’s minimum price objective of $11.31. The head-and-shoulders top is considered the most reliable chart […] Read more
Man. soybeans progress despite wet start
Reading Time: 2 minutes CNS Canada –– Recent warm weather is helping push Manitoba’s soybean crop into R3 and R4 stages of development in many parts of the province, according to a crop expert. Some beans could use more rain but for the most part are looking good, said Dennis Lange of Manitoba Agriculture, Food and Rural Development. The […] Read more
GRAINS: U.S. soy drops on rain forecasts; wheat rises on export hopes
Reading Time: 2 minutes Reuters — U.S. soybean futures fell on Friday as forecasts for rain in the U.S. Midwest added to expectations the crop should pass through key stages of development without stress, traders said. “Weather forecasts continue to trend more and more beneficial as we enter the key soy development month,” said Matt Zeller, director of market […] Read more
GRAINS: Soybeans, wheat firm on strong exports; corn weakens on weather
Reading Time: 2 minutes U.S. soybean futures rose on Thursday on signs that demand will keep domestic supplies tight until harvest, while corn weakened due to forecasts for more crop-boosting rain in the U.S. Midwest, traders said. “The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we […] Read more
GRAINS – U.S. corn, soybeans, wheat drop after recent gains
Reading Time: 3 minutes CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […] Read more
Grow it or lose it
IP soybeans are at a crossroads. We need to grow more, but will the higher premiums drive Japanese buyers away?
Reading Time: 5 minutes On a sunny morning, early last September, a large crowd of growers gathered for an open-house event at Ceresco, a major soybean-specialized seed company and exporter in Quebec. After touring the plots, groups sat in a shed for a talk about the IP soybean market with co-owner Thierry Gripon. Gripon had a few public confessions […] Read more
U.S. soy, corn ratings drop for first time in more than a month
Reading Time: < 1 minute U.S. corn and soybean condition ratings fell in the latest week, the U.S. Agriculture Department said on Monday, the first decline for both crops in five weeks. USDA said that soybeans were rated 71 percent good to excellent as of July 27, a 2 percentage point decline from a week earlier. Good-to-excellent ratings for corn […] Read more
Do biotech traits still pay?
Input costs are up, soybean prices are down, but the biotech sector aims to convince growers that the economics of biotech are still in their favour
Reading Time: 8 minutes With lower commodity prices looming over the grain and oilseed sector, more farmers this winter are asking whether that expensive bag of seed is really the smartest buy. At the very least, they say, it’s time for a fresh look at trait economics. The companies that produce this seed charge top dollar for it, and […] Read more
GRAINS: Corn bounces but posts 5th weekly loss on supply pressure
Reading Time: 2 minutes Reuters — U.S. corn futures inched higher on bargain buying Friday but posted a fifth consecutive weekly loss as expectations of record yields in this autumn’s harvest continued to hang over the market, traders said. Wheat rose on short-covering buying as the market consolidated above contract lows set this week, while soybeans ended mixed. At […] Read more
A message from April Stewart, Country Guide's Associate Editor
