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Cereals

CBOT January 2022 soybeans (candlesticks) with 20-day moving average (dark green line) and ICE January 2022 canola (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy jumps on USDA’s surprise cut to yield estimates

Traders had expected a higher soy yield; U.S. corn carryout seen lower than last month

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Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures soared on Tuesday after the U.S. Department of Agriculture reduced its estimate for domestic yields, surprising traders who were expecting an increase. USDA pegged production at 4.425 billion bushels on a yield of 51.2 bushels per acre in a monthly crop report. That was […] Read more
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn sag before USDA report

Traders await department's crop and inventory forecasts

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Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday.   Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
Some of the NextGen Drainage Solutions equipment installing drainage pipe. Owen Orsak says after installing tile drainage on a 260-acre field, he can now seed and harvest 260 acres.
Crops, Features

A dry year is a good time to talk drainage

Tile drainage systems need to be properly planned, but farmers say they are well worth the effort

By
Western Canadian farmers like their tile drainage projects. They are not particularly cheap improvements. Costs vary widely depending on size and complexity of the project but, on average, figure on about $1,000 per acre to get pipe in the ground. But the benefits, according to this October’s farmer panel members, are many: A tile drainage […] Read more
Colten Bamford in a stringer tractor laying tile during a project on a farm near Pilot Mound, Man., in September 2020.
Crops, Features

The value and benefits of tile drainage

Here’s how this practice can make your farm more profitable

By
Installing drainage tile on farmland comes with a hefty price tag, costing anywhere from $900 an acre up to $1,400 an acre or more by some estimates. Like for any large capital expense, producers need to weigh the decision carefully before moving ahead with this kind of project. Ultimately it comes down to dollars and […] Read more
The Co-op Ethanol Complex at Belle Plaine, Sask. (FCL.crs)
Cereals, Corn, Crops, Machinery, Weather

Co-op to capture carbon at ethanol plant, refinery

FCL, Whitecap sign agreement to sequester fuel plants' CO2

By
A major Prairie ethanol and fuel producer is posed to spend just over half a billion dollars on a system to capture and sequester carbon dioxide from its operations in Saskatchewan. Federated Co-operatives announced Thursday it had signed a memo of understanding with Calgary-based ‘clean energy’ company Whitecap Resources, in which the latter company will […] Read more
File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)
Crops, Markets, Reuters

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

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New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply concerns

Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support

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Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more

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