Reading Time: 2 minutes MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put some pressure on wheat futures, […] Read more
CBOT weekly outlook: ‘No fireworks’ in January USDA reports
USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls
Reading Time: < 1 minute MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at […] Read more
Pulse weekly outlook: Expect little movement in prices during holidays
Reading Time: 2 minutes MarketsFarm — There were no surprises for pulses in Statistics Canada’s latest production report, according to Marlene Boersch of Mercantile Venture Consulting in Winnipeg. With that in mind, she doesn’t expect any significant price changes for pulses. “Part of the reason is we’re starting to glide into the holiday period. We’ll probably see some movement […] Read more
Canola declines, durum drops in new StatsCan estimates
Soybean, oats estimates raised
Reading Time: 3 minutes MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more
Pulse weekly outlook: Lentil prices steady to lower despite supply cuts
Lentil crop smallest in almost a decade
Reading Time: 2 minutes MarketsFarm — Just like many other crops in Western Canada, lentil production was cut sharply due to this year’s drought. Canada’s lentil crop was reduced by 37.2 per cent to 1.802 million tonnes for the 2021-22 marketing year, according to Agriculture and Agri-Food Canada’s (AAFC) principal crop estimates from Friday. The total represents Canada’s lowest […] Read more
CBOT weekly outlook: USDA report sparks rally, but likely to wane
Reading Time: 2 minutes MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
Rains make sunny days for sunflower crops
Reading Time: 2 minutes MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per […] Read more
U.S. grains: Soybeans touch last December’s lows
Soy, corn production bigger than previously expected, USDA says
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Tuesday to the lowest seen since December 2020, after a U.S. government report pegged soybean and corn production to be bigger than traders had previously expected. The monthly world agricultural supply and demand estimates (WASDE) report pegged the soybean crop at 4.448 billion bushels, and soybean […] Read more
U.S. grains: Soybean, corn futures rise
Chicago winter wheat futures weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, supported by signs of strong exports as more recently harvested supplies became available, traders said. Corn futures were firm, with investors staking out positions ahead of a key government report that will update the forecast for U.S. production. Winter wheat futures were […] Read more
Prairie quinoa yields likely to be down this year
Reading Time: < 1 minute MarketsFarm — Shortly before the harvest of this year’s quinoa crop in Western Canada is about to start, expectations are for yields to be down from last year, according to Liam O’Halloran of the Northern Quinoa Production Corp. (NorQuin) in Saskatoon. “As well as everything else we had some areas that had a little bit […] Read more
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