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CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow high/low/close) and K.C. March 2023 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

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Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

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MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Values pull back from upper ranges

Early U.S. estimate of planting intentions due out next week

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MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] Read more
Good soils or loamy soils are ones that contain equal parts of sand, silt and clay. Unfortunately, this ideal mix is not that common on the Prairies.
Columns, Crops

What is soil?

Let’s explore the properties of your cropland’s soil

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In everyday conversation involving agriculture, we hear about poor soils, clay soils, good soils, ruined soils, eroded soils, degraded soils, sandy soils, silty soils and so on. These names or descriptions are, for the most part, meaningless and very subjective. Soil is, in reality, a storehouse of water, mineral compounds of multiple complexities and plant-essential […] Read more
File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Mexico opens door for GM corn in feed, industrial uses

U.S. 'disappointed' in Mexico's new decree

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Mexico City | Reuters — Mexico on Monday scrapped a deadline to ban genetically modified corn for animal feed and industrial use amid trade tensions with the United States — but retained plans to prohibit use of the GM grain for human consumption, as well as the herbicide glyphosate. The move, approved in a government […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy eases off multi-month highs

Futures down as Brazil's harvest progresses; CBOT corn, wheat also down

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Chicago | Reuters — U.S. soybean futures fell on Tuesday on profit-taking after Monday’s multi-month highs and fundamental pressure from the advancing harvest of a likely record-large soy crop in Brazil, analysts said. Corn and wheat drifted lower in technical moves with worries about a global recession adding to bearish sentiment. Chicago Board of Trade […] Read more
Humanitarian aid provided by Palestinian Arabs is distributed at northwestern Syria’s Deir Ballut and Muhammadiyah camps near the Turkish border on Feb. 13, 2022. (Photo: Rami Alsayed/NurPhoto via Reuters)
Crops, Markets, Pulses

Pulse weekly outlook: Earthquake to have little effect on pulse markets

Such disasters don't often blow back on agrifood commodity costs

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MarketsFarm — The earthquake that devastated parts of Turkey and Syria on Monday last week, taking the lives of more than 40,000 people, may not have a major effect on pulse markets, according to one analyst. Jon Driedger from Leftfield Commodity Research in Winnipeg said that while natural disasters like an earthquake can take on […] Read more
(Xinzheng/Getty Images)
Crops, Reuters

China to plant more soy, speed up GMOs to ensure food supply

Beijing reiterates goals to increase soy acres, intercrop with corn

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Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Russia says sanctions a barrier to Black Sea grain deal renewal

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Reuters — Russia said Monday it would be “inappropriate” to extend the Black Sea grain deal unless sanctions affecting its agricultural exports are lifted and other issues are resolved. The Black Sea Grain Initiative, signed by Russia and Ukraine last July, created a safe corridor to allow grain to be exported from Ukrainian ports blockaded […] Read more
File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets, Weather

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

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MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more

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