Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a fourth consecutive session on Friday as China said it would waive import tariffs for some U.S. farm products, renewing optimism for a possible trade agreement between Washington and Beijing. Tariff waivers will be based on applications by individual companies for U.S. soybean and pork imports, […] Read more
U.S. grains: Soy futures rise as China offers tariff waivers
U.S. grains: Soy futures follow rally in soymeal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more
Trade’s crop estimates vary ahead of StatsCan report
Reading Time: 2 minutes MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more
U.S. grains: Soy rises on trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday, buoyed by renewed optimism about a U.S.-China trade deal as well as some bargain buying, traders said. Corn futures were lower, giving up early gains on technical selling, while wheat futures firmed after two days of sharp declines. Investors were reassured by a Bloomberg report […] Read more
Marketing strategies for your 2019 crop
A different approach is needed for this year’s lower-quality harvest
Reading Time: 3 minutes After several years of high-quality crops across most of the Prairies, this fall’s poor harvesting conditions mean many farmers have the unenviable task of trying to unload low-grade cereals. “This year we’re going to be seeing the bulk of the (wheat) crop in the lower grades, No. 3s or feed,” says MarketsFarm analyst Bruce Burnett. […] Read more
U.S. grains: Corn futures firm on technical buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Monday, edging up to their highest in nearly a month on a round of technical buying despite signs of poor demand, traders said. Soybean futures fell, with traders waiting for concrete signs of progress in trade negotiations between the U.S. and China before buying into a […] Read more
U.S. grains: Soy hits two-month low on export competition
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in more than two months on Tuesday on a mix of technical selling and export competition from South American supplies, traders said. Corn and wheat futures also declined after rallying a day earlier. Chicago Board of Trade January soybean futures settled down 8-1/4 cents […] Read more
U.S. grains: Wheat hits one-month top on firm cash markets
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to a one-month high on Monday on firm domestic cash values and signs of rising global cash prices, traders said. Corn futures followed wheat higher but soybean futures fell, with the benchmark January contract hitting its lowest level in more than two months. Chicago Board of Trade […] Read more
Prairie cash wheat: Soft Minneapolis futures weigh on bids
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were lower during the week ended Thursday, pressured by losses in U.S. futures. Hard red spring prices saw the largest drop, as Minneapolis futures trended lower despite adverse weather conditions across the U.S. Plains that helped underpin Chicago and Kansas City winter wheats. Average Canada Western Red Spring […] Read more
U.S. grains: Soybeans slide, nearing support at US$9
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in almost two months on Thursday as uncertainty about progress in U.S.-China trade talks overshadowed support from stronger-than-expected weekly U.S. export sales, analysts said. Wheat futures also declined, backing down from a two-week high, but corn futures rose on signs of improving export and […] Read more
A message from April Stewart, Country Guide's Associate Editor
