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Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets, Weather

CBOT weekly outlook: Corn rangebound, soybeans rising, wheat erratic

Chicago wheat fluctuation 'just drives you nuts'

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MarketsFarm — While soybean futures at the Chicago Board of Trade have moved higher over the past week, corn was rangebound and wheat lacked any clear direction in choppy trade, making it hard to predict where values may go from here, according to Scott Capinegro of Barrington Commodities in Barrington, Ill. Capinegro said the December […] Read more
Ron Kostyshyn is sworn in on Oct. 18, 2023 as Manitoba’s minister for agriculture, with Premier Wab Kinew at left. (Government of Manitoba video screengrab via YouTube)
Crops, Livestock

Former ag minister returns in new Manitoba cabinet

Kinew names Kostyshyn to ag portfolio

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Incoming Manitoba Premier Wab Kinew has brought a former provincial agriculture minister back to the cabinet table to handle the ag file. Ron Kostyshyn, who from 2012 to 2016 was then-premier Greg Selinger’s ag minister while serving as MLA for the northwestern riding of Swan River, was sworn in Wednesday as minister of agriculture in […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow high/low/close) and K.C. December 2023 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on bargain buying, corn follows suit

Soybeans hit three-week high

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Chicago | Reuters — Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday, with corn futures following, traders said. Wheat futures also gained a mid-session boost on rekindled market speculation that India, a leading wheat producer, may be tight on supplies. India raised the price at which it […] Read more
(Geralyn Wichers photo)
Corn, Finishers, Livestock, Markets

Klassen: Ontario demand sets the price structure for calves

Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315

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For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans hold firm with harvest, domestic demand in focus

Corn eases as harvest watched, wheat retreats from two-week high

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Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group […] Read more
Pinto beans. (Vergani_Fotografia/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Smaller North American dry bean crops to underpin prices

Canada's edible bean crop estimated smallest since 2016

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MarketsFarm — Variable weather conditions during the 2023 growing season cut into edible bean production in some key North American growing regions, with tighter supplies overall likely to keep prices well supported. “The whole world is a little short of beans this year,” said Mitch Coulter, executive director of the Northarvest Bean Growers Association in […] Read more
Here is a soil core laid out for sampling. Soil samples collected for soil nutrient analyses should be placed in breathable bags. In this picture, soil moisture samples were being collected and placed in stainless steel containers to precisely determine soil moisture content.
Columns, Crops

The importance of soil testing after a season of drought

Develop sound, economical fertilizer plans for each crop and field

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In my last article, I discussed concerns of herbicide residue carry-over after a season of drought. In this article, I will discuss the importance of soil testing for plant-available nutrients after a drier-than-normal growing season. Many farmers in the southern Prairies had below normal growing season rainfall, while some had almost no rain. The result […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund short position grows in canola

Funds shift to net short in CBOT soybeans

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MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat down off two-week high on global demand

U.S. says soybean harvest is 62 per cent complete

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Chicago | Reuters — Chicago Board of Trade wheat futures ended lower on Monday after rising earlier to their highest level in more than two weeks on hopes for global demand. Corn futures also eased as traders monitored the U.S. harvest, while gains in soyoil futures helped lift the soybean market, analysts said. After trading […] Read more

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