Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped nearly four per cent on Thursday and soybeans surged more than two per cent after the U.S. Department of Agriculture stunned traders by projecting a year-on-year decline in soybean plantings and a larger-than-expected drop in corn acres. Chicago Board of Trade wheat futures followed the firm trend, […] Read more
U.S. grains: Corn, soy soar on bullish USDA plantings forecast
U.S. grains: Soy tumbles on acreage outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures tumbled on Wednesday, pressured by technical selling and outlooks for record-large U.S. plantings this year, traders and analysts said. Chicago Board of Trade May soybean futures dropped 16-1/2 cents, or 1.7 per cent, to $10.32-1/4 per bushel (all figures US$). Prices accelerated declines at late-morning after advisory service […] Read more
More canola, wheat acres expected at pulses’ expense
Reading Time: < 1 minute CNS Canada –– Canadian farmers will seed more wheat and canola in 2018 at the expense of pulse crops, according to Agriculture and Agri-Food Canada’s latest supply/demand estimates that include their first projections for the upcoming 2018-19 crop year. Total canola acres in 2018 are forecast at 24 million by the government agency, which would […] Read more
Trade sees Canadian farmers trimming wheat, canola acres
Reading Time: 2 minutes Winnipeg | Reuters — Soggy spring conditions in key crop-growing areas of the Canadian Prairies left farmers unable to plant as much as they intended, but canola seedings still look record-large, according to a Reuters survey of 16 traders and analysts ahead of a government report next week. Wet weather made fields sloppy in Alberta’s […] Read more
Ag census logs more younger and female farm operators
Reading Time: 3 minutes While people age 55 and over still make up the fastest-growing segment of farmers in Canada, the latest Census of Agriculture shows slightly more producers under age 35 for the first time in five censuses. Statistics Canada’s 2016 Census of Agriculture, released Wednesday, counted 271,935 farm operators — that is, people who make management decisions […] Read more
CBOT weekly outlook: Corn, soy brace for ‘volatile’ report
Reading Time: 2 minutes CNS Canada — As traders count down the hours to the U.S. Department of Agriculture’s prospective plantings report on Friday, a small camp is closely watching a weather situation in the U.S. South. Showers and thunderstorms have moved across much of the U.S. southern Plains and are expected to move into the U.S. Midwest soon. […] Read more
ICE weekly outlook: Canola looks for support from new crop
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts finished lower during the week ended Wednesday but attention in the market is turning to the new crop — and to North American acreage expectations. During the week, the dominant May canola contract fell $9.20, from $510.80 per tonne to $501.60. Large funds have now flipped to […] Read more
With demand, deregulation, ‘opportunities abound’ for hemp
Reading Time: 2 minutes CNS Canada — Aggressive contracting in the hemp sector is expected to bump up Canadian acres — another benefit for growers who will experience less red tape this year. “We’ve seen a lot of activity on the contracting side for growers,” said Kim Shukla, executive director of the Canadian Hemp Trade Alliance at Steinbach, Man. […] Read more
Federal forecast sees more oilseed acres, less in grains
Reading Time: 3 minutes Canadian farmers are expected to cut back the summerfallow allocation and put more acres in production this spring, planting more of those acres in oilseeds and fewer in grains and pulses. Agriculture and Agri-Food Canada’s market analysis group on Monday released an outlook for principal field crops which, assuming a return to average or trend […] Read more
Large yields keep Manitoba farmers looking to corn
Reading Time: 2 minutes CNS Canada — Manitoba corn growers saw record yields this year despite an adverse harvest — and that trend of big crops is expected to continue, as varieties improve and more farmers commit to the crop. “It appears that the trend is headed toward larger (corn) crops,” said Myron Krahn, president of the Manitoba Corn […] Read more
A message from April Stewart, Country Guide's Associate Editor
