Crops & Production Tips

More local barley destined for rations, but U.S. corn still moving

Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes

By GFM Network News December 22, 2023

Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.

CBOT soybeans ZSH24 on Dec. 21. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans fall on Brazilian rain forecasts

Corn up on technical bounce, wheat up on weaker dollar

By Reuters, GFM Network News December 21, 2023

Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.

Crops, Markets, Reuters

U.S. grains: Chicago corn futures hit new lows

Exports being lost because of US-Mexico rail crossing closures, industry says

By Reuters, GFM Network News December 20, 2023

Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.

Crops, Markets

CBOT weekly outlook: U.S. wheat remains rangebound

U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December

By GFM Network News December 20, 2023

United States wheat prices have been in something of a quandary lately, with any hope of higher prices curtailed by the need to remain competitive with cheaper Russian wheat, according to Tom Lilja of Progressive Ag in Fargo, North Dakota.

Crops, Markets

Good quality Canadian malt barley despite lower yields

CDC Copeland acres declined, with AAC Synergy the most popular malting variety

By GFM Network News December 19, 2023

Hot and dry growing conditions cut into barley yields in Western Canada in 2023 but the quality was generally good, according to the yearly annual harvest report on barley quality from the Canadian Grain Commission (CGC).

Harvested Saskatchewan lentils. (Bobloblaw/iStock/Getty Images)

Crops, Markets

Tight Canadian lentil carryout expected

Tightest lentil stocks since July 2010 forecasted

By GFM Network News December 19, 2023

Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.

Soybeans ZSF24 for Dec. 18 with Bollinger bands over 20 days. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes

Good export demand also underpinned soybeans

By Reuters, GFM Network News December 18, 2023

U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.

Doug Chorney. (Manitoba Co-operator file photo by Allan Dawson)

Crops, General

Canadian Grain Commission chief’s term extended

NFU calls on Chorney to uphold mandate to act in producers’ interests

By Geralyn Wichers, GFM Network News December 18, 2023

The Canadian Grain Commission (CGC) chief commissioner Doug Chorney has seen his term extended as the search continues for his replacement, CGC said today.

Crops, Markets

Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

By GFM Network News December 18, 2023

The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Crops, General, Markets

AAFC raises canola, wheat ending stocks forecasts

Pea, barley carryout estimates raised, lentils cut in half

By GFM Network News December 15, 2023

Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.

GFM Network News

U.S. livestock: Cattle fall sharply as Trump says he’s working to lower beef costs

Alberta Crop Report: Harvest reaches completion

U.S. grains: Corn, soybeans rise on yield uncertainty, firming cash markets

Crops

More local barley destined for rations, but U.S. corn still moving

U.S. grains: Soybeans fall on Brazilian rain forecasts

U.S. grains: Chicago corn futures hit new lows

CBOT weekly outlook: U.S. wheat remains rangebound

Good quality Canadian malt barley despite lower yields

Tight Canadian lentil carryout expected

U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes

Canadian Grain Commission chief’s term extended

Speculative net short position in canola hits new record

AAFC raises canola, wheat ending stocks forecasts

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