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Crops Crops

CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Wide array of factors affecting grain prices

Corn, soy see speculative profit-taking

By
MarketsFarm — Recent rains in parts of South America, as well as a correction in the markets, have paused rallies in corn and soybeans on the Chicago Board of Trade (CBOT), according to one trader. Jack Scoville, vice-president of The Price Futures Group in Chicago, said that while central and southern Argentina are still mired […] Read more
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rising canola market runs into resistance

Resistance seen around $835, support around $820

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, according to Jamie Wilton of […] Read more
Tips to interpret soil test results
Crops

Tips to interpret soil test results

Q & A with an expert

By
Q: What factors should I consider when using soil test results for fertilizer recommendations? A: Using the three-legged stool analogy, the three legs of a good soil test are a good collection of the sample, the choice of an appropriate lab and the final interpretation of results.  There is risk to variance and error in […] Read more
The Robin Hood logo still adorns the former flour mill at Port Colborne, Ont. today. (LondonAg.com)
Crops

Lake Erie grain terminal sold to main tenant

Ceres sells export facility to London Ag Commodities

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The former Robin Hood flour mill turned grain export terminal on the Ontario side of Lake Erie is under new ownership by its main user. Minneapolis-based Ceres Global Ag announced Wednesday it has sold the well-known terminal at Port Colborne, Ont., about 30 km west of Buffalo, N.Y., to London Agricultural Commodities (LAC) for US$4 […] Read more
CBOT March 2023 soybeans with 20-day moving average (right column) and CBOT March 2023 soyoil (dark green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Firmer U.S. dollar drags on CBOT wheat

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Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president of Iowa-based U.S. Commodities. “The […] Read more
(Viterra.ca)
Crops, Markets

Grain deliveries surge January over January

Data marks recovery from 2021 drought

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MarketsFarm — Producer deliveries of major grains were up sharply last month when compared to January 2022, according to Statistics Canada (StatCan). At more than 5.36 million tonnes, those deliveries jumped 85 per cent when comparing January to January. The spike in deliveries reinforced the significant recovery on the Prairies from the drought in 2021. […] Read more
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: AAFC report makes minor changes

Revisions mainly in dry peas, chickpeas

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MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.” There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas. […] Read more
A handful of soil health projects have secured funding for the next five years in the hope of kick starting soil health practices in the field. (Assiniboine Community College photo)
Crops, Weather

Multi-million-dollar fund greenlights soil health projects

Eight projects to push soil health practices will get funding for the next five years

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Eight soil health projects across Canada will be getting a multi-million-dollar boost in private funding over the next five years. The Weston Family Foundation — the philanthropic arm of the Weston business empire — has slated $10 million for those eight projects through the organization’s soil health initiative, it was announced Feb. 13. The initiative […] Read more
File photo of a CN locomotive. (Dave Bedard photo)
Crops, Machinery

CN’s mechanics, clerical staff taking strike votes

Railway not expecting impact on operations

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Canadian National Railway says it’s not expecting any impact on its operations if its unionized mechanics and clerical staff are involved in a work stoppage, depending on the outcome of strike votes starting this week. Unifor represents about 3,000 CN workers in mechanical, intermodal and clerical positions across the country through five collective agreements, all […] Read more

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