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Oilseeds

ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

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MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of […] Read more
(Dave Bedard photo)
Crops

Cargill close to resolving slow grain payments to farmers

Producers delivering now can expect their money right away, but the firm is still working on some payments for previously delivered grain

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Cargill is closer to fixing problems with paying farmers promptly for their delivered grain. “They [Cargill] have worked through most of the issues,” Canadian Grain Commission spokesman Remi Gosselin said in an interview Tuesday. “Our understanding at the grain commission is that there should be no issues on a go-forward basis for future deliveries and […] Read more
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

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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

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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
Photo: iStock/Getty Images
Markets, Reuters

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

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Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more

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