Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade are biding their time in narrow, rangebound trade, awaiting updated acreage and stocks data from the U.S. Department of Agriculture later in the month. “It’s almost like Groundhog Day,” said Terry Reilly of Futures International in Chicago, referring to the 1993 movie in […] Read more
CBOT weekly outlook: Corn, soy in ‘Groundhog Day’ mode ahead of report
Traders expect report to show more U.S. soy acres, less corn area
Pulse weekly outlook: Chickpeas recover from previous lows
Reading Time: < 1 minute MarketsFarm — Chickpea prices have recovered slightly from lows hit around the end of 2019, but they’re still a long way off historic highs from years past. Ahead of the 2018 growing season, chickpea prices were around 50 to 60 cents/lb. for growers, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. Currently, large chickpea […] Read more
U.S. grains: Corn, soybeans drift lower on favourable crop prospects
CBOT July wheat up on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more
Bigger sunflower crop expected for 2020
Reading Time: < 1 minute MarketsFarm — Canada will likely see its largest sunflower crop in a number of years in 2020 if weather conditions co-operate, as good end-user demand and solid returns for growers generate increased interest in the crop. Canadian farmers intend to seed 104,400 acres of sunflowers this spring, which would be up 36 per cent on […] Read more
U.S. grains: Corn up despite USDA forecast for ballooning stocks
Soybeans drift lower; wheat weaker on improving crop weather
Reading Time: 2 minutes Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more
Global wheat, corn, soy production expected to increase
Reading Time: < 1 minute MarketsFarm — Global crop production in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) is expected to increase for wheat, corn and soybeans. USDA released its world agriculture supply and demand estimates (WASDE) on Tuesday. The expectation is that global wheat production will be bumped up by 0.56 per […] Read more
Pulse weekly outlook: Lentils stabilize with seeding underway
Reading Time: < 1 minute MarketsFarm — Lentil bids in Western Canada may have come off their recent highs, but prices are still solid and should encourage more seeded area this spring. Increased demand tied to the COVID-19 pandemic gave lentil prices a boost in March, with the largest gains in red lentils which hit highs around the 32 cents/lb. […] Read more
Trade estimates vary ahead of StatsCan’s acreage report
Reading Time: 3 minutes MarketsFarm — Opinions are wide-ranging on what Canadian farmers plan to plant in 2020, ahead of Statistics Canada’s first round of acreage estimates, due out Thursday. Prior to lockdown measures put in place due to the COVID-19 pandemic, StatsCan was scheduled to release its first principal field crops area report for 2020 on April 24. […] Read more
ICE weekly outlook: Canola acres could be in flux
Reading Time: < 1 minute MarketsFarm — Canada’s canola acres are generally expected to be higher in the first area report of the year from Statistics Canada, compared to the 20.96 million acres estimated to have been seeded in 2019. Estimates are wide-ranging, with some analysts predicting a slight reduction in canola area and others calling for an increase of […] Read more
Pulse weekly outlook: Chickpea acreage expected lower
Reading Time: < 1 minute MarketsFarm — High global prices in the 2017-18 marketing year caused a global spike in chickpea production in 2018. It’s since taken a while for consumers to “chew through supplies,” which has put pressure on prices, according to Chuck Penner of LeftField Commodities. In a kabuli chickpea global outlook webinar hosted by the Global Pulse […] Read more
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