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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
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Crops, Lentils, Markets

Pulse weekly outlook: Lentil exports ahead of last year’s pace

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Reading Time: < 1 minute MarketsFarm — Canada’s lentil exports have been good this year, according to Marlene Boersch of Mercantile Consulting Venture in Winnipeg. “At the end of April we were 26 per cent ahead of last year’s pace. Most of that is due to buying from India. Everybody’s surprised,” she said, Total lentil exports were 1.16 million tonnes […] Read more
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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
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Crops, Markets

USDA sees smaller soy crop in 2019, more corn

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Reading Time: 2 minutes MarketsFarm — U.S. farmers will grow more corn and fewer soybeans in 2019, according to the first production estimates of the year from the U.S. Department of Agriculture. Ending stocks of both crops are expected to remain large. U.S. soybean production for 2019-20 was forecast at 4.15 billion bushels by the government agency, which would […] Read more
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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
CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat pressured by ample global stockpiles

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-week low on Tuesday, pressured by improving U.S. yield prospects and rising global stockpiles, analysts said, while nearby U.S. corn and soybean futures finished unchanged. Chicago Board of Trade May wheat settled down 5-3/4 cents at $4.59-1/2 per bushel after dipping to a one-week low […] Read more
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Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Market aims to ration tight barley supplies

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Reading Time: < 1 minute Tightening feed barley supplies in Western Canada have end-users looking to alternatives, with cheaper U.S. corn imports likely to keep a lid on prices. “Barley stocks are tight, so the market is trying to ration the amount of barley being used and it’s doing a pretty good job of that,” said Jim Beusekom of Market […] Read more
ICE May 2019 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: More losses likely for soft canola

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Reading Time: < 1 minute ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more

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