CNS Canada — Canadian farmers could be set to seed record-large canola acres in 2017, while wheat area is generally expected to be down on the year when Statistics Canada releases its first survey-based acreage estimates of the year on Friday. From a purely economic standpoint, “canola is historically the commodity that pays the bills,” […] Read more
Cereals
Trade sees record Canadian canola acres as possibility
U.S. grains: Wheat leads grains lower on U.S. rains
Chicago | Reuters — U.S. wheat futures fell on Monday as rains and mild temperatures in key growing areas of the U.S. Midwest and Plains bolstered expectations for harvest, traders said. The most-actively traded Chicago Board of Trade soft red winter wheat contract sank two per cent and hit a 10-day low. K.C. hard red […] Read more
U.S. grains: Soy rebounds as spotlight turns to U.S. planting
Chicago | Reuters — U.S. soybean futures hit a near two-week high on Thursday on bargain buying after the front contract this week fell to its lowest level in a year, and as traders shifted their attention to U.S. planting prospects. Corn also rose as investors covered short positions ahead of a long holiday weekend, […] Read more
New study on glyphosate to feed into crucial EU vote
London | Reuters — Results of a new animal study into possible health risks of glyphosate will be published in time to inform a key EU re-licensing vote due by the end of 2017, according to the researcher leading the trial. A row over possible effects of glyphosate — an ingredient in Monsanto’s herbicide Roundup […] Read more
Canpotex aims for ‘material’ potash price bump from China
Winnipeg | Reuters — Canadian potash exporter Canpotex is pressing Chinese buyers to pay a “material” price increase for the fertilizer in their annual supply contract, as spot values in other markets rise off multi-year lows, Canpotex’s chief executive said on Monday. “We’re not interested in some kind of ratcheting down. That is for sure,” […] Read more
Mixed conditions loom over Manitoba winter cereals
CNS Canada — A mix of freezing and warming conditions put Manitoba’s winter cereals in uncertain condition, following months of promising weather, according to the head of an industry group. Manitoba’s winter wheat and fall rye crops had ample snow cover throughout the winter, which supported crops, but more recently, conditions turned slushy, then froze […] Read more
China clears ChemChina’s Syngenta deal
Zurich | Reuters — ChemChina’s US$43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China’s Ministry of Commerce (MOFCOM), the two companies said Wednesday. “This represents a further step towards the closing of the transaction, which is expected to take place in the second quarter of 2017,” they said […] Read more
U.S. grains: Soy rebounds from one-year low
Chicago | Reuters — U.S. soybean futures rose nearly one per cent on Wednesday on bargain buying and short-covering, one day after a U.S. government forecast for record global soy inventories pushed the front contract to its lowest level in a year. Corn futures advanced as traders focused on uncertain planting weather in the U.S. […] Read more
CBOT weekly outlook: Soybeans, corn watching weather
CNS Canada — Soybean futures at the Chicago Board of Trade fell to their lowest levels of the past year on Tuesday, but bounced off of those lows as new-crop uncertainty and chart-based buying provided support. The U.S. Department of Agriculture forecast larger-than-expected world and U.S. soybean ending stocks in its monthly supply/demand report, which […] Read more
U.S. grains: Soy falls to one-year low
Chicago | Reuters — U.S. soybean futures fell to the lowest levels in a year on Tuesday after the U.S. Department of Agriculture raised its estimates of South American crops and domestic soy ending stocks. Corn futures closed modestly lower while wheat ended higher as traders covered short positions. Chicago Board of Trade May soybean […] Read more
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