Reading Time: 2 minutes MarketsFarm — Experts expect soybean acreage to decrease across Canada this year, though the jury is still out as to how much it will drop. In its principal crop acreage report published March 21, Agriculture and Agri-Food Canada predicted that area planted to soybeans would decrease by three per cent across the country based on […] Read more
Soybean acreage remains a question mark for 2019
U.S. grains: Corn posts steepest drop in nearly three years on USDA reports
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures tumbled more than four per cent on Friday in the market’s steepest drop in nearly three years after the U.S. Department of Agriculture (USDA) estimated U.S. stocks and projected spring plantings above nearly all trade estimates. Soybeans and wheat followed corn lower despite USDA’s lower-than-expected soy and spring […] Read more
CBOT weekly outlook: Time running out for trade talks
Reading Time: 2 minutes MarketsFarm — As trade talks between the U.S. and China continue, many are watching headlines closely for hints of what’s to come. The crop commodity market “has been in a downslide for a long time which is mainly due to U.S. and China trade uncertainties,” said Scott Capinegro of Barrington Commodity Brokers. “It always sounds […] Read more
Pulse weekly outlook: Heat blast threatens chickpea yields
Reading Time: 2 minutes CNS Canada — Temperatures as high as 38 C were recorded in the western Prairies over the weekend — and with that heat comes questions about crop impact. Lentils and peas are far enough along that the recent heat wave is unlikely to affect them from a yield perspective, according to Carl Potts of Saskatchewan […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
Reading Time: 2 minutes CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
Canola prices vulnerable after StatsCan report
Reading Time: 2 minutes CNS Canada — The latest acreage report from Statistics Canada failed to surprise most investors in the market, but still could leave canola futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball of PI Financial in Winnipeg, referring to the agency’s estimate for canola. StatsCan’s report on Friday […] Read more
U.S. grains: Soybeans sink on plentiful stocks, trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures were lower on Monday as early-session support from a lower-than-anticipated government forecast on spring plantings faded and the market’s focus turned to ample U.S. supplies and rising trade tensions with top importer China. Corn futures notched a 2-1/2-week high on the U.S. Agriculture Department’s bullish acreage forecast late […] Read more
USDA sees soy, corn acreage falling as supplies hit record
Reading Time: 2 minutes Washington | Reuters — U.S. farmers will cut their plantings of both soybeans and corn this spring with supplies of both commodities at record highs, the U.S. Agriculture Department said on Thursday. Soybean plantings, despite the expected drop, will top corn acreage for the first time since 1983, USDA said. Wheat seedings will rise by […] Read more
ICE weekly outlook: Canola seeks support amid bearish signals
Reading Time: 2 minutes CNS Canada –– ICE Futures Canada canola contracts appear to be tilting to the downside as they enter the Easter break, and will likely need support from a key U.S. government report if they want to stay in their current range. At 11 a.m. CT, Thursday, the U.S. Department of Agriculture is scheduled to release […] Read more
CBOT weekly outlook: Markets await USDA reports
Reading Time: < 1 minute CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
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