Soybean and corn futures fell to three-year lows at the Chicago Board of Trade on Wednesday under pressure from fund selling and expectations for increased U.S. supplies, analysts said.
Pulses
U.S. grains: Soy and corn set three-year lows on fund selling, supply outlook
Markets down about 10 per cent this year, traded on lowest levels since late 2020
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Soybean acres may soon stabilize in Manitoba
Volatile yields, acres and weather have kept soy on a roller-coaster since 2017
There's an emerging consensus in Manitoba that soybean acres in the province could soon stabilize at around 1.5 to 1.9 million.
India security forces fire tear gas at protesting farmers on drive to Delhi
Farmers calling for promised higher prices for their produce
Indian security forces fired tear gas at protesting farmers for a second day on Wednesday to stop tens of thousands from marching to the capital New Delhi to demand higher prices for their produce.
U.S. grains: Soybeans and corn continue to be pressured by global supplies
Wheat futures weighed by falling Russian prices
Chicago Board of Trade (CBOT) corn futures firmed slightly on Tuesday on technical trading, but still hovered near three-year lows as ample global supplies, improving South American crop prospects, and intense export competition weighed over the market.
Carbon exemption amendments costly to farmers: PBO
Financial analysis finds carbon tax relief will be significantly lower after changes
Amendments to Bill C-234 will cost Canadian farmers nearly $90 million a year, according to a report by the Parliamentary Budget Officer (PBO) released February 13.
Pulse weekly outlook: Lentil demand, prices on the rise
Reduced production in India, tariff elimination driving demand
The increasing demand for lentils, especially green lentils, is raising prices while Canadian stocks are also tighter than they were a year ago.
Number of US farms falls and size increases, census shows
Number of acres in production falls by 20 million
Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.
U.S. grains: Bargain buying supports CBOT soybeans and corn after 3-year lows
Market keeps eye on South American weather
Chicago Board of Trade soybean futures firmed on Monday on bargain buying and a weaker U.S. dollar, but remained near multi-year lows as nearby contracts struggled to shake off technical resistance, traders said.
Early application window open for 2024 cash advances
The Advance Payments Program is a federal loan program administered by CCGA
Western-Canadian farmers can apply for a 2024 spring cash advance through the Canadian Canola Growers Association starting today.