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Crops Crops

CBOT December 2023 corn with Bollinger bands (20,2) and U.S. dollar index (black line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy rally as focus returns to weather, dollar

Wheat traders keep one eye on Black Sea deal

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Chicago | Reuters — U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as […] Read more
Young corn plant sprout growing from the ground, Agricultural Farm Field, Selective Focus with Shallow Depth of Field
Columns, Crops

Weed resistance management is not just about herbicide rotation

Q & A with an expert

By
Q: What other weed management tools should I consider in addition to herbicide rotation? A: Agriculture and food production has benefited from weed control with herbicides for many decades. Careful use of herbicides is a safe, quick and effective means to stop weeds from competing for water, nutrients and light. This is not a perfect […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn hits 2-1/2-year low, soybeans tumble over USDA data

WASDE also pressures CBOT wheat

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Chicago | Reuters — U.S. corn futures fell to their lowest price since early 2021 on Wednesday after the U.S. Department of Agriculture projected a larger-than-expected domestic crop and rising supplies, analysts said. Soybean futures tumbled after USDA’s forecast of 2023-24 soy ending stocks fell above a range of trade estimates, and wheat futures were […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Reuters

UN asks Putin to extend Black Sea grain deal in return for SWIFT access

Grain export initiative to expire Monday otherwise

By
United Nations | Reuters — U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia’s agricultural bank to the SWIFT international payment system, sources told Reuters. Russia has threatened to ditch […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola climbs on weather worries

Demand rationing also seen as supportive

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MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

CBOT weekly outlook: Markets react bearishly to WASDE report

Traders were expecting reduced U.S. corn yield

By
MarketsFarm — The Chicago Board of Trade (CBOT) saw futures come down after the U.S. Department of Agriculture (USDA) released its monthly world agricultural supply and demand estimates (WASDE) on Wednesday. Corn prices were 18 cents per bushel lower on the day, while soybeans lost 27-33 cents (all figures US$). Chicago soft wheat shed 24-28 […] Read more
Barley. (Doug Wilson photo courtesy ARS/USDA)
Barley, Crops, Markets, Reuters

Australia disappointed with China move to extend barley tariffs review

Tariff wall in place since 2020

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Sydney | Reuters — Australia said on Wednesday it was disappointed that China has asked for another month to complete a review needed to lift tariffs on barley and warned it would resume a case at the World Trade Organization (WTO) if there was further delay. Australia on April 11 agreed to temporarily suspend a […] Read more
Aerial view of Centerm, a Burrard Inlet terminal for containerized cargo at the Port of Vancouver. (Bloodua/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: B.C. port strike drags on exports

Cargoes either stuck at port or held at home

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MarketsFarm — As the 11-day-old port workers strike in British Columbia continued to impede exports from Canada’s West Coast, Marcos Mosnaim of Export Packers said the work stoppage was taking a toll on the country’s pulse exports — specifically those exported by container. “So you have cargo held in Vancouver or on its way to […] Read more
CBOT November 2023 soybeans with 20- and 100-day moving averages and August 2023 soybeans (yellow line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy climbs on supply worries ahead of USDA reports

Chicago wheat, corn also rise

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Chicago | Reuters — U.S. soybean futures rose for a second straight session on Tuesday as traders braced for a monthly U.S. government crop report due on Wednesday that is expected to project a smaller crop and tighter supplies, analysts said. Wheat futures rose as a drone strike on Ukraine’s Odesa port returned attention to […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Reuters

Nutrien cuts output as West Coast port strike hits day 11

Longshore union, management met Monday night, source says

By
Ottawa | Reuters — The world’s biggest fertilizer producer Nutrien cut production on Tuesday, citing the impact of a 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $6 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU Canada) walked off on July 1 after […] Read more

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