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File photo of a wheat field in northern Ukraine on July 14, 2016. (File photo: Reuters/Valentyn Ogirenko)
Crops, Reuters

Ukraine to start spring seeding in coming days, officials say

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Reading Time: < 1 minute Lviv | Reuters — Ukraine plans to start sowing spring grains in the coming days and has enough grain in stocks to ensure the population has enough bread, deputy agriculture minister Taras Vysotskiy said Saturday. He said the country, which consumes eight million tonnes of wheat a year, had six million tonnes in stocks. Stocks […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: USDA report influences steep drop in wheat

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Reading Time: 2 minutes MarketsFarm — Of the changes to 2021-22 ending stocks in the latest supply and demand estimates from the U.S. Department of Agriculture (USDA) on Wednesday, the global carryover for wheat was perhaps the most significant, according to Steve Georgy of Allendale Inc. in McHenry, Ill. In its March world agricultural supply and demand estimates (WASDE), […] Read more
(OceanFishing/iStock/Getty Images)
Crops, Markets

Early USDA forecast points to record-large 2022 soybean crop

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Reading Time: < 1 minute MarketsFarm — Farmers in the U.S. could grow a record-large soybean crop in 2022, according to early predictions from the U.S. Department of Agriculture released at their annual Agricultural Outlook Forum (AOF) on Thursday. The government agency forecast soybean plantings in the country at 88 million acres, which would be up by 800,000 from the […] Read more
(Dave Bedard photo)
Crops, Markets

Adjustments minor in latest AAFC crop balance sheets

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Reading Time: 2 minutes MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies expected to lead to increased […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets, Weather

World soybean output, stocks estimates chopped

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Reading Time: < 1 minute MarketsFarm — Downward revisions to soybean numbers stand out the most in February’s grain market report from the International Grains Council (IGC). Otherwise, the monthly estimates have minor alterations. The IGC cut its forecast on 2021-22 global soybean production by four per cent from its January report, bringing its projection to 353.1 million tonnes. The […] Read more
A drought-hit cornfield at Nao-Me-Toque in Brazil’s Rio Grande do Sul state on Jan. 9, 2022. (Photo: Reuters/Diego Vara)
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: More adjustments expected after lacklustre USDA report

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Reading Time: 2 minutes MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture on Wednesday included only minor revisions, with the lacklustre report doing little to move the market. While South American production numbers were revised lower, further downward revisions are likely in subsequent reports, according to a market analyst. “We were a little surprised the USDA […] Read more
CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy futures set eight-month highs

USDA lowers South America corn, soy crop estimates

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes, […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

StatsCan confirms tight grain and oilseed stocks

Canadian corn stocks up on year

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Reading Time: 2 minutes MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more
(Bondarillia/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Pulse stocks drop due to drought

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Reading Time: < 1 minute MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices decline, may shift in spring

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Reading Time: 2 minutes MarketsFarm — Prices for Canadian lentils, along with other pulses in the country, have slightly declined since the start of 2022. However, one pulse buyer thinks the next few months can recharge the market. Lionel Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask., explained that a good Australian lentil harvest in December has […] Read more

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