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(Erdinhasdemir/iStock/Getty Images)
Crops, Markets

Canola export forecast raised for 2019-20

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Reading Time: < 1 minute MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more
(Kat72/iStock/Getty Images)
Canola, Crops, Markets

Huge increase predicted in canola ending stocks

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Reading Time: < 1 minute MarketsFarm — Canadian canola carryout stocks are forecast to rise to a record 5.3 million tonnes by the end of the 2019-20 marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the department, in its estimates, expects total canola production to decline […] Read more
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: U.S./China deal awaited

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Reading Time: < 1 minute MarketsFarm — The Chicago Board of Trade is carefully watching the prolonged trade drama between the U.S. and China and waiting to see if the two countries will reach an agreement in days to come. “Headlines are leading trade,” remarked Steve Georgy, president of Allendale Inc. at McHenry, Il. “Markets are revolving around China talk, […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA raises corn stocks projections, lowers soybeans

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Reading Time: 2 minutes MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion bushels, in […] Read more
(Medioimages/Photodisc/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans, corn watching trade talks

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Reading Time: < 1 minute Movement in grain and oilseed futures at the Chicago Board of Trade remains highly dependent on developments in trade talks between the U.S. and China. China-U.S. trade negotiations have provided some sporadic support for the futures, but there have yet to be any concrete developments. While confirmation of an actual deal would change the outlook, […] Read more
CBOT March 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy down as supplies outweigh China demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to three-week lows on Thursday as improving crop prospects in South America overshadowed renewed Chinese demand for U.S. shipments. Corn futures also fell to the lowest in three weeks on concerns about demand from ethanol producers and as forecasts for rain in dry areas of Brazil’s corn […] Read more
(USDA.gov via Flickr)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Traders think soy yields less than USDA predicting

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Reading Time: 2 minutes CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
(Dave Bedard photo)
Crops, Markets

Firm, steady flax prices seen in the cards

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Reading Time: 2 minutes CNS Canada — Farmers with flax in the ground should be pleased come autumn. Statistics Canada revised its seeded acreage estimate downward in late June and that, combined with lower carryout stocks and several other factors, should bring strong prices. “Given the demand in the market from China, the United States and potentially even the […] Read more

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