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Legislation allows Quebec’s UPA to rework funding formula

Bill 28 passes Quebec assembly

By ,
Quebec’s legislative assembly has passed a bill allowing the province’s overarching general farm organization, the Union des producteurs agricoles (UPA), to start the process toward a new funding model. Provincial Agriculture Minister Andre Lamontagne on Thursday announced the passage of Bill 28, which amends legislation governing organization of farming activities and the accreditation of UPA. […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather

Corn futures rise on U.S. sales to Mexico

By
Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
CBOT December 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago corn slumps on forecast for record-large crop

Crude oil recovery lends some support to grains

By
Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grain, soy futures drop after USDA forecasts

China buys over one million tonnes of U.S. soy

By
Chicago | Reuters — The Chicago Board of Trade’s most-active corn futures plunged sharply on Thursday after the government reported that U.S. farmers will produce the biggest-ever corn crop this year. The report’s forecast topped trade estimates. The most-active CBOT corn contract at one point dipped to $4.66-1/2, the lowest price since Dec. 30, 2020, […] Read more
Sea surface temperature (SST) anomalies for the week centred on Nov. 1, 2023, in degrees Celsius. (CPC.ncep.noaa.gov)
General, Weather

El Nino to continue through Northern Hemisphere spring, U.S. forecaster says

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Reuters — El Nino weather conditions will continue through the Northern Hemisphere during April-June 2024 with a 62 per cent chance, a U.S. government weather forecaster said on Thursday. “Above-average sea surface temperatures (SST) across the equatorial Pacific Ocean were indicative of a strong El Nino, with anomalies increasing in the central and east-central Pacific […] Read more
File photo of a partially harvested cornfield in Minnesota. (Emholk/iStock/Getty Images)
Crops, Markets

USDA’s WASDE report throws a few curveballs

Corn carryover up significantly

By
MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the […] Read more
(Combyne Ag video screengrab via YouTube)
Crops, Machinery, Markets

Bayer’s crop marketing, crop production platforms in sync

FieldView, Combyne platforms now integrated

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Combyne, the made-in-Canada grain marketing platform Bayer bought earlier this year, is now fully on speaking terms with the company’s Climate FieldView precision ag platform. Bayer on Oct. 30 announced integration of the two platforms, which it said will allow grain farmers in Canada and the U.S. to connect their marketing data in Combyne and […] Read more
ICE January 2024 canola with 20-day moving average (yellow line, right column) and CBOT January 2024 soybeans (green line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Soy complex supporting canola

'Canola has been largely pulled up'

By
MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans spike on China demand, Brazil weather

Wheat rallies on Argentina outlook

By
Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day […] Read more
File photo of laker vessels navigating the Welland Canal. (JonathanNicholls/iStock/Getty Images)
Crops, Machinery, Markets

Seaway workers ratify labour deal

Deal ended one-week strike on waterway

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Unionized workers on the St. Lawrence Seaway in Ontario and Quebec have voted their approval of the agreement that brought them in off the picket line. Unifor, which represents about 360 Seaway workers across five locals in the two provinces, announced Thursday its members had voted to ratify a three-year agreement retroactive to April 1. […] Read more

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