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Tag Archives ending stocks

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

U.S. grains: Corn, soyoil boosted by rising energy prices

Wheat down on reports of low-priced Egyptian import tender

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Reuters — Chicago corn futures rose on Wednesday, rebounding from losses a day earlier, as ethanol feedstock enjoyed a boost from a rise in energy prices that also lifted soyoil futures, analysts said. Wheat futures fell at the Chicago Board of Trade, and K.C. hard red winter wheat futures hit a two-year low. The most-active […] Read more
On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File
Crops, Markets

Tightening canola stocks projected, AAFC says

Wheat, barley, oat, pea stocks also projected lower

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MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one […] Read more
CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn futures end up

U.S. harvests advance slower than expected

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Chicago | Reuters — U.S. soybean futures ended higher on Monday as the market recovered from its lowest level since early August, while corn and wheat futures also rose. After trading ended, the U.S. Department of Agriculture reported that soy and corn harvests advanced more slowly last week than analysts expected. The soybean crop was […] Read more
(File photo by Dave Bedard)
Crops, Markets, Weather

Canada bumps up wheat harvest view, trims canola estimate

StatCan releases yield outlook as of Aug. 31

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Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Prices for U.S. soybeans, corn where they should be

USDA report calls for tightest soy carryout in eight years

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MarketsFarm — There have been no surprises in the price movement for U.S. soybeans and corn on the Chicago Board of Trade following the release of the U.S. Department of Agriculture’s monthly supply and demand report. “This was a case [for soybeans] where the trade expected even tighter ending stocks. That 220 million bushels matched […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

USDA adjusts soy, corn outlooks in September report

U.S. wheat usage, carryout estimates shift

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MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
(OceanFishing/iStock/Getty Images)
Canola, Crops, Markets

Numerous revisions to USDA’s data on Canadian canola

Outlooks raised for ending stocks, cut for domestic use

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MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
Oats. (Greg Berg photo)
Crops, Markets, Oats

StatCan expected to raise estimate for oats production

Ending stocks estimate 'probably fairly accurate'

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MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

Canada’s canola carryout up on year, wheat down slightly

Barley, oats, peas also up on year

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MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
(File photo by Dave Bedard)
Crops, Markets, Reuters

Canada to harvest less wheat than expected due to drought

Canola, barley, oats output also projected lower

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Winnipeg | Reuters — Canadian farmers will harvest less wheat than expected after dry conditions in parts of the Prairie provinces shrunk yields, a government report showed on Tuesday. Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis has shown. Canada […] Read more

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