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(Dave Bedard photo)
Crops, Markets

StatsCan’s projected canola area on low side of expectations

Wheat acres expected lower, barley up

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MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more
CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy extend multi-year highs

Tightening global supply picture supportive; CBOT wheat also up

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Chicago | Reuters — U.S. corn and soybean futures closed firm on Friday after rocketing to multi-year highs this week on tightening domestic and global supplies, traders said. As stocks from the 2020 harvest dwindle, dryness in Brazil and a U.S. cold spell raised doubts about prospects for the 2021 corn crops in the world’s […] Read more
(Dave Bedard photo)
Crops, Markets

Slight adjustments in AAFC’s April supply/demand report

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MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending […] Read more
CBOT July 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn tops $6 a bushel, soy at seven-year high

CBOT wheat also books life-of-contract high

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Chicago | Reuters — U.S. corn futures climbed to their highest in nearly eight years on Tuesday and soybean futures neared a seven-year high as tightening supplies supported cash markets and attracted speculative buying, analysts said. Worries about dry conditions curbing corn yields in Brazil and cold weather slowing germination of the 2021 U.S. crop […] Read more
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Crops, Lentils, Markets

Pulse weekly outlook: Slight increase in lentil acres likely

Increase 'won't be as big as people think'

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MarketsFarm — Lentil acres are likely to increase slightly when farmers take to planting this spring, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The pulse industry will get a better idea of what will be going into the ground over the coming weeks on April 27, when Statistics Canada releases its […] Read more
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn eases after WASDE report

Wheat futures firm on tight stocks; soybeans fall on South American production

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Chicago | Reuters — Chicago corn ended lower on Friday after the U.S. Department of Agriculture assessed global supply and demand within analyst estimates. Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America. The most active corn contract on the Chicago Board of Trade ended […] Read more
(Dave Bedard photo)
Crops, Markets

Flax area seen expanding on strongest prices ever

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MarketsFarm — To MarketsFarm Pro analyst Mike Jubinville, there’s no doubt that flaxseed acres in Canada will increase in 2021. In Agriculture and Agri-Food Canada’s (AAFC) March supply and demand estimates, the department projected flax acres to jump 22 per cent in 2021-22 at about 1.14 million, up from nearly 931,600 seeded in the previous […] Read more
ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola fundamentals still strong in volatile market

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded […] Read more
CBOT November 2021 soybeans with 20-, 40- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn, wheat futures slide ahead of USDA data

Planting intentions, stocks reports due Wednesday

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Chicago | Reuters — U.S. soy and corn futures fell on Tuesday as traders liquidated positions and booked profits a day ahead of a pair of key crop reports from the U.S. Department of Agriculture, analysts said. Wheat also declined, with a firmer dollar hanging over the market along with spillover from broad weakness in […] Read more

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