Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more
ICE weekly outlook: Seasonals to weigh on canola
ICE weekly outlook: Weather, U.S./China relations influence canola
Reading Time: 2 minutes CNS Canada — Traders’ attention at the ICE Futures Canada canola market has now turned to western Canadian weather and news south of the border. While there was a reprieve from the drought over the last week, with rain falling in parts of Western Canada, large areas missed out on the moisture. More rain is […] Read more
U.S. grains: Wheat drops on forecast for rains
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures dropped to a 2-1/2-week low on Friday on outlooks for rains by this weekend that should alleviate stress on some crops in the parched U.S. Plains growing region, traders said. CBOT May contract wheat settled down 11 cents at $4.67-3/4 per bushel, bringing the losses for the week […] Read more
Forecast rain to cause few problems for Peace farmers
Reading Time: 3 minutes CNS Canada — As rain threatens to disrupt harvest in parts of the Prairies this week and next, the Peace region of northwestern Alberta is attracting added attention. While rains are forecast to be fairly general across eastern Saskatchewan and Manitoba over the next week or so, they are expected to cause minimal damage and […] Read more
Argentine wheat seedings slowed by rain
Reading Time: < 1 minute CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more
VIDEO: Big rain in southern Ontario poses crop challenges
Reading Time: < 1 minute A wide area of midwestern Ontario got around six inches of rain on June 22, flooding parts of small towns and turning many fields in the area into swamps.
U.S. grains: Improving weather views pressure corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped 2.8 per cent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said. The improving weather view also weighed on wheat and soybean futures as traders used it as an […] Read more
VIDEO: Late planting suggests more soybeans for Ont. farmers
Reading Time: < 1 minute Wet late May weather is hindering completion of Ontario planting, likely meaning more farmers will make the switch to soybeans from corn. To read a related article on Country Guide, click here.
U.S. grains: Corn, soybeans rise after rains
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. “Grain futures are trying to start the week higher across the board following a soggy weekend across […] Read more
CBOT weekly outlook: Corn, soybeans poised for move upward
Reading Time: 2 minutes CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need […] Read more
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