Reading Time: 2 minutes Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
CBOT Weekly: USDA report, short-covering raising prices
Reading Time: 2 minutes The USDA Quarterly Grain Stocks report as of Sept. 1 caused prices at the Chicago Board of Trade (CBOT) to rise during the week ended Oct. 2, 2024.
Canadian farmers to reduce canola plantings by seven per cent
Reading Time: 2 minutes Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in a diplomatic and trade dispute […] Read more
U.S. confirms China soybean purchase, but no clarity over more sales
Reading Time: 3 minutes Chicago/Washington | Reuters — U.S. government officials on Thursday hailed China’s first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million tonnes of U.S. […] Read more
Soybean exports face stiff U.S. competition
Reading Time: 2 minutes CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
Manitoba soybean acreage predictions mixed
Reading Time: 2 minutes CNS Canada — While some in the soybean sector think Statistics Canada is right about its predictions for a decline in Manitoba acres, others think plantings should still end up close to the record in 2017. Statistics Canada is predicting soybean acres in Manitoba to drop to 1.96 million from 2.29 million, according to its […] Read more
Corn/soy price ratio favours soybean acres, analyst says
Reading Time: 3 minutes Chatham, Ont. — Most underpinnings for higher corn, soybean and wheat prices appear to have fallen away — leaving biodiesel the only area that could drive higher prices. A growth mandate for U.S. ethanol production ends in 2017, and oil prices continue to stagnate well below the highs of a few years ago, according to […] Read more
A year to watch soybean markets
Global soybean supplies are up, but demand is surging too. Any production hiccups could see new market spikes
Reading Time: 5 minutes Soybeans continue to amaze. While 40 and 50 years ago they were relegated to the deep southwest of Ontario, now they are grown increasingly across Canada. When you drive from Windsor, Ont., toward Quebec City, soybean fields dominate the landscape, while acreage climbs in the Prairie provinces as well. Simply put, soybeans are challenging the […] Read more
Market analysts watch for surging soybeans to peak
Reading Time: 2 minutes CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
Corn, wheat prices seen hitting 10-year lows in 2016
Reading Time: 2 minutes Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
A message from April Stewart, Country Guide's Associate Editor
