Reading Time: 3 minutes The word nematode is often linked to soybean cyst nematode (SCN), and with good reason. In North America, SCN accounts for annual losses of more than $1 billion and up to $50 million in Ontario. A survey of field and horticultural crops across the province seeks to update provincial nematode distribution maps and establish baseline […] Read more
Soybean cyst nematode survey a valued benchmark opportunity
Project will target more than SCN
Little change seen in USDA’s WASDE report
U.S. corn, soy, wheat production figures down from July report
Reading Time: 2 minutes MarketsFarm — August figures from the U.S. Department of Agriculture’s (USDA) world agricultural supply/demand estimates (WASDE) provided very few surprises and not much change after their release Friday. However, crop production and carryout estimates were tightened from those in July. USDA’s 2023-24 corn production estimate declined by 209 million bushels from July to 15.111 billion, […] Read more
ICE weekly outlook: Canola prices ‘cheap’ but rangebound
Trade also watching U.S. soy complex
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more
Pulse weekly outlook: Average yields expected for Manitoba crops
Beans, soy may still benefit if rain comes
Reading Time: 2 minutes MarketsFarm — Pulse crops in Manitoba fared well against the elements which included sporadic rainfall and normal to below-normal temperatures for much of the past month. Provincial pulse specialist Dennis Lange in Altona said field peas should begin harvesting operations next week. “As far as pea acres go, we’re looking at about 145,000 acres. That’s […] Read more
USDA June soybean crush seen at 175.5 million bushels
If estimate realized, would be smallest monthly crush since September
Reading Time: < 1 minute Chicago | Reuters – U.S. soy processors likely crushed 5.265 million short tons of soybeans, or 175.5 million bushels, in June, according to the average forecast of eight analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate is realized, it would be down from the 189.3 million […] Read more
CBOT weekly update: U.S. Fed decision one of many factors
Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement
Reading Time: 2 minutes Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures. The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to […] Read more
CBOT weekly update: Dry conditions, war propel prices upward
Rally may push well into the week of July 24 and perhaps further: broker
Reading Time: < 1 minute MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher. Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Reading Time: < 1 minute Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
ICE weekly outlook: Canola makes huge move
Prairies' dry patches add to upswing
Reading Time: < 1 minute MarketsFarm — Canola came out of Canada Day continuing to build on gains made going into the holiday, largely due to spillover from the Chicago soy complex. The U.S. Department of Agriculture last Friday released its planted acres report, which saw soybeans lose four million acres from the 87.5 million planted in 2022, leading to […] Read more
U.S. grains: Soy, corn futures steady; wheat mixed
Large Russian exports tempered fears of Black Sea corridor agreement breakdown
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
A message from April Stewart, Country Guide's Associate Editor
