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The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA’s WASDE bullish for soy, corn, wheat

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Reading Time: < 1 minute MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523 […] Read more
(JohnnyMad/Getty Images)
Crops, Markets

Low acreage buoys mustard seed prices

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Reading Time: 2 minutes MarketsFarm — Spot prices for mustard seed on the Prairies have trended higher, due to consecutive years of low seeded acreage. In 2020, about 256,500 acres of mustard seed were planted, down about 36 per cent from the previous year. Walter Dyck, seed division manager for Olds Products, mentioned it’s the second time in 20 […] Read more
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

AAFC lowers wheat carryout estimate, raises canola

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Reading Time: 2 minutes MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more
(USDA.gov via Flickr)
Corn, Crops, Markets, Soybeans

USDA lowers soy, corn yield expectations

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Reading Time: < 1 minute MarketsFarm — Adverse weather over the past month cut into the yield prospects for soybeans and corn in the U.S., according to updated estimates released Friday from the U.S. Department of Agriculture. Average soybean yields in the country are now forecast at 51.9 bushels per acre. That was down from the August estimate of 53.3 […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn up after USDA confirms massive U.S. crops

Traders assessing damage from Midwest storm Monday

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday as short-covering and position-squaring emerged after the U.S. Department of Agriculture confirmed expectations for massive crops, traders said. USDA, in a monthly report, said U.S. farmers will reap their biggest corn harvest and second-biggest soybean harvest, thanks to favourable weather. […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters, Weather

U.S. farmers to harvest record-large corn crop, second-largest soy crop, USDA says

Estimates don't include impact of recent Midwest storm

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Reading Time: 2 minutes Chicago | Reuters — U.S. farmers will reap their biggest corn harvest and their second biggest soybean harvest this fall as good summer weather shepherded the crops through key phases of development, the U.S. Agriculture Department said on Wednesday. The crop outlooks, which also included average yields for both corn and soybeans as the largest […] Read more
(Dave Bedard photo)
Crops, Markets

July supply/demand report shows just minor revisions

Canola, wheat ending stocks down

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Reading Time: < 1 minute MarketsFarm — Updated supply/demand estimates released Friday by Agriculture and Agri-Food Canada include only minor revisions from the previous report, taking into account revised acreage estimates Statistics Canada released at the end of June. Canola ending stocks for the current marketing year were lowered by 100,000 tonnes, to 2.5 million tonnes. Meanwhile, projected 2020-21 canola […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Spring Wheat

AAFC tightens canola stocks projections

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Reading Time: < 1 minute Corrected, May 25 — MarketsFarm — Canadian canola ending stocks for both the current marketing year and the upcoming 2020-21 season will be tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. The latest data take into account acreage estimates released by Statistics Canada earlier in the month. […] Read more
A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)
Crops, Markets, Reuters

USDA raises corn, soy, wheat supply outlook

Ending stocks expected up on slowing export demand

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Reading Time: 2 minutes Chicago | Reuters — The U.S. Agriculture Department raised its outlook for domestic supplies of corn on Thursday on expectations for reduced usage by ethanol producers, as demand for the alternative fuel has been cratering due to the spread of the COVID-19 coronavirus. The government also bumped up its wheat and soybean ending stocks view […] Read more

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