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Canola, Crops, Markets

ICE weekly outlook: Canola entering uncharted waters

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MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat down on profit-taking

Corn pares gains off seven-year high

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Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat […] Read more
Derek Dewar, Sask Mustard’s board chair, inspects his field of AAC Brown 18.
Crops, Features

New hybrid brown mustard offers yield boost over conventional options

AAC Brown 18 pushes through 40-year yield ceiling

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AAC Brown 18, the first hybrid brown mustard available in Canada, has pushed through a yield ceiling that breeders have been trying to break for 40 years. “The trials we did this year in Swift Current, open pollinated varieties were running about 25 bushels per acre — Hybrid 18 was 29-ish. It’s quite consistently a […] Read more
Crops, Markets, Reuters

U.S. grains: Corn soars four per cent on fresh sales to China

Chicago soy, wheat also climb

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Chicago | Reuters — U.S. corn futures surged four per cent on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said. Soybeans followed corn higher, with worries about a slow start to the Brazilian soy harvest lending support. Wheat firmed on supply concerns and […] Read more
Crops, Markets

Feds predict three per cent increase in canola acres

Stocks nevertheless expected to tighten

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MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up […] Read more
Crops, Markets, Reuters

U.S. grains: Corn, soy up on bargain-buying after Friday’s slump

Chicago wheat also climbs

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Chicago | Reuters — U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday’s steep declines, analysts said. Wheat futures firmed on bargain-buying after a four-session slide and improving export prospects. Chicago Board of Trade March corn settled up 11 cents at $5.11-1/2 per bushel, […] Read more
Crops, Markets, Reuters

Indian farmers ride caravan of tractors into capitol ahead of Republic Day

Farmers reject government's offer to suspend ag market reforms

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New Delhi | Reuters — Caravans of tractors clogged a key highway in northern India on Monday as tens of thousands of farmers protesting against agriculture reforms streamed into the capital ahead of Republic Day, and police said they were prepared to deal with the crowds. India marks its founding as a republic on Tuesday […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

Soy, corn tumble on improved weather; wheat extends fall

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Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more

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