soybeans Archives - Page 34 of 76

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Yield, production increases expected from USDA

By GFM Network News August 10, 2020

MarketsFarm — Market expectations ahead of a crop production report due out Wednesday from the U.S. Department of Agriculture are for increases in U.S. soybean and corn yields. “I get the sense the trade is looking for the USDA to up corn yields by 1.9 bushels per acre, to 180.4 bu./ac., while soy yields are […] Read more

Crops, Markets

Canola exports top 10 million tonnes in 2019-20

By MarketsFarm Team, GFM Network News August 7, 2020

MarketsFarm — Total Canadian canola exports during the 2019-20 crop year were up nine per cent on the year, and slightly above the five-year average, according to the latest weekly data from the Canadian Grain Commission (CGC). With 229,800 tonnes exported during the final week of the 2019-20 marketing year, the preliminary total canola exports […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

By GFM Network News August 6, 2020

MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Large corn, soybean crops expected

By GFM Network News July 30, 2020

MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more

Canola, Crops, Markets, Soybeans

Canola crush edges up, soybean crush falls

By MarketsFarm Team, GFM Network News July 25, 2020

MarketsFarm — As the amount of canola crushed in Canada increased slightly in June, the soybean crush was down significantly, according to the latest monthly report from Statistics Canada. The federal agency on Thursday released crushing statistics for major oilseeds, which showed 864,559 tonnes of canola crushed in June, up 1.12 per cent from the […] Read more

Crops, Markets, Soybeans

CBOT weekly outlook: The good and bad between the U.S., China

By GFM Network News July 22, 2020

MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more

ICE November 2020 canola with 100-day moving average (yellow line) and Canadian dollar (in US$, green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Higher loonie, lower canola

By GFM Network News July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the […] Read more

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Weather the key for soybeans, corn

By Phil Franz-Warkentin, GFM Network News July 15, 2020

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk […] Read more

Pinto beans. (Scott Bauer photo courtesy ARS/USDA)

Crops, Pulses, Soybeans

Pulse weekly outlook: Manitoba edible beans look good for now

Bean growers watching weather

By Phil Franz-Warkentin, GFM Network News July 15, 2020

MarketsFarm — Edible bean crops in Manitoba remain in generally good shape in mid-July, with early indications pointing to solid production on the year. “Overall, they look pretty good,” said Dennis Lange, provincial pulse specialist with Manitoba Agriculture, on the state of dry edible bean crops. The crops had struggled with wind damage early on […] Read more

Crops, Markets

USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

By GFM Network News July 10, 2020

MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News