Reading Time: 6 minutes The history of agriculture in Ontario’s Kent County is filled with superlatives. Its rich past includes decades of prosperity for area growers, who fed processors like Campbell’s and Libby’s with a variety of produce for over a century. Farm organizations such as the Ontario Wheat Producers’ Marketing Board and the Ontario Soybean Growers also called […] Read more
A higher commitment
This independent farm in Kent County provides a valued service to private sector companies
Prairie cash wheat: CWRS bids rise with U.S. futures
Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, with gains in U.S. futures countered somewhat by ongoing strength in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2 to up $4 per tonne, according to price quotes from […] Read more
U.S. grains: Soybeans touch 6-1/2 year high
Corn follows as traders eye South American crops
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged to their highest in 6-1/2 years on Friday as the rain outlook in key South American growing areas remained uncertain, threatening harvest prospects as global demand strengthens, traders said. Forecasts of low U.S. soybean inventories and strong demand from U.S. processors and importers like China have made […] Read more
U.S. grains: Corn, wheat, soybeans rally with exports in focus
CBOT March wheat passes US$6 mark
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures rose on Thursday, with soybeans soaring past the US$12 a bushel mark and hitting a fresh 4-1/2-year high after a strong weekly export report sparked a rally, traders said. The good demand for U.S. supplies highlighted concerns about potential harvest shortfalls in South […] Read more
CBOT weekly outlook: $12 soybeans possible
Reading Time: 2 minutes MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close to that point back on […] Read more
U.S. grains: Profit-taking pressures soybeans
Corn futures firm, wheat weak
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased on Wednesday on a profit-taking setback after approaching 4-1/2-year highs, traders said. Corn futures ended firmer on technical buying, while wheat dipped. Concerns about dry conditions limiting crop potential in key corn- and soy-growing areas of South American underpinned the market, with strong demand weighing on global […] Read more
U.S. grains: Bullish crush data sparks rally in soybeans
CBOT corn, wheat futures firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied on Tuesday, supported by a report showing processors were busier than expected during November, adding further pressure to a tight supply base, traders said. The strength in soybeans pulled corn higher, which closed in positive territory after trading lower for much of the session. Wheat futures also […] Read more
U.S. grains: Wheat slides on Russian export tax details
CBOT soybean, corn futures firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.9 per cent on Monday, their biggest daily sell-off in two weeks, with traders saying that Russia’s export tax plan was bearish for prices in the short term. Soybean futures were firm, supported by a rising forecast for imports by top global producer Brazil, while corn edged […] Read more
Feed weekly outlook: Export demand supports prices
Reading Time: < 1 minute MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more
Canada’s canola harvest smallest in five years
Wheat crop a bin-buster, StatsCan report finds
Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more
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