March grain futures at the Chicago Board of Trade (CBOT) were in decline during the week ended Jan. 31 despite receiving a boost on Jan. 30.
CBOT weekly outlook: Downturn continues for grains
Early harvest reports from South America could affect prices
Corteva profit beats on higher seed prices; plans $1 bln share buyback
Depressed seed sales offset by higher price in North American and European markets and higher corn acres
Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes and announced plans to repurchase nearly $1 billion shares in 2024.
U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.
St. Lawrence Seaway sees increased tonnage in 2023
The seaway saw the longest scheduled shipping season in history
Cargo movement through the St. Lawrence Seaway was up by more than 3.4 per cent in 2023 compared to the previous year, with nearly 38 million tonnes of cargo moved through the binational system, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS).
First-of-its-kind cattle methane limiter approved for Canada
Enteric methane emissions from cattle contributes 3.3 per cent of Canada’s total GHG emissions
A feed ingredient designed to reduce methane emissions in beef and dairy cattle has received market authorization in Canada.
Warm seasonal outlook across country
Precipitation expected to be normal across most of Canada
Warmer than normal temperatures are expected to continue across all of Canada through the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Jan. 31.
Canada pledges funds for efficient fertilizer research
Joining the Efficient Fertilizer Consortium gives Canada chance to influence research strategies, feds say
Canada will join the U.S., U.K., and others in a group dedicated to advancing efficient and novel fertilizers, the federal government announced today.
Prairie forecast: A little more heat, then slow cool down
Issued Jan. 31, 2024. Covers Jan. 31 to Feb. 7
The big question for this forecast period is whether these mild temperatures will continue, or we see a return to more seasonable mid-winter temperatures? All I can say is that spring isn’t quite here yet.
EU plans curbs on Ukraine farm imports to calm angry farmers
Measures possible for other farm produce if markets disrupted
The European Commission on Wednesday proposed measures to limit agricultural imports from Ukraine and offer greater flexibility on rules for fallow land in a bid to quell protests by angry farmers in France and other EU members.
U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows
Wheat followed the firm trend, bouncing after a slide to one-week lows
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.
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