Reading Time: < 1 minute CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
U.S. grains: Corn hits nine-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rallied to a nine-month peak and wheat rose to its highest in nearly seven weeks on Wednesday, supported by a round of short-covering amid persistent concerns about adverse weather curtailing harvest expectations for both grains, traders said. Soybean futures also were firm, with U.S. President Donald Trump’s announcement […] Read more
U.S. grains: Soybeans down ahead of USDA crop data
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell to a four-month low on Thursday ahead of U.S. Department of Agriculture data due on Friday that was expected to show bigger U.S. stockpiles and higher Brazilian soy output. Wheat futures also eased after weekly U.S. wheat export sales came in below analyst expectations, while corn futures […] Read more
U.S. grains: Corn hits one-year low as harvest nears end
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped 1.4 per cent to a one-year low on Tuesday, pressured by ample supplies from the nearly completed harvest of the second-largest domestic corn crop on record, traders said. Soybeans declined, following corn lower, as improving crop weather in South America added to bearish sentiment. But wheat futures […] Read more
U.S. grains: Soy firm as farmer selling eases
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose slightly on Wednesday, reflecting a slowdown in the Midwest harvest as rains stalled fieldwork and weak cash values discouraged farmer selling, analysts said. Wheat futures fell on technical selling and corn was modestly lower. Chicago Board of Trade November soybeans settled up three cents at $9.58-1/4 per […] Read more
CBOT weekly outlook: Corn dips under $3.50 as harvest pushes on
Reading Time: < 1 minute CNS Canada — The corn market dropped below a major support level during the week ended Wednesday and could be poised to hit further market lows, according to one analyst. “I think we’re within a dime or something of it,” said Jack Scoville of Price Futures Group in Chicago. The December contract fell 5.75 cents […] Read more
Oat prices keep firm as harvest rolls in
Reading Time: < 1 minute CNS Canada — Oat prices firmed this week in Saskatchewan as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete, although recent rains have delayed that progress somewhat. The province is the dominant growing area for Canadian oats. Bids rose five cents to a range of $2.33 […] Read more
ICE weekly outlook: Canola facing uphill climb
Reading Time: < 1 minute CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
Reading Time: < 1 minute CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
Pest Patrol: Chess moves on winter wheat crop
#PestPatrol with Mike Cowbrough, OMAFRA
Reading Time: 2 minutes [Question:] I had a weed called “chess” in my winter wheat crop at harvest. How did it get here? Is it a problem? And how do I get rid of it? [Answer:] How did it get here? Chess (scientifically known as Bromus secalinus) is also sometimes referred to as “cheat” or “rye brome.” It is […] Read more
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