Latest News on Soybeans for Ontario Farmers | Page 104 of 546

A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)

USDA Brazil attaché cuts soybean projections for 2023/24

Several firms have dropped Brazil soybean projections on seeding delays, weather

By Glen Hallick January 8, 2024

With Brazil having faced opposing weather extremes, there’s little surprise the United States Department of Agriculture attaché cut their soybean production estimate for 2023/24. The Brasilia desk reduced its call from a record 162 million tonnes to 158.5 million in its latest report.

Brazil’s soybean harvest kicks off with low yields in Mato Grosso

Crops suffered from lack of humidity; now rains are hampering harvest in some areas

By Ana Mano, Reuters January 8, 2024

Brazilian soybean farmers have begun to reap their 2023/24 soybean crop, covering some 0.6 per cent of the national planted area as of last Thursday, agribusiness consultancy AgRural said on Monday.

Soybeans ZSH24 on Jan. 4 with Bollinger bands. (Barchart)

Markets

U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans

Wheat futures rebounded from one-month low; corn stabilized

By Reuters, Tom Polansek January 4, 2024

Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.

Demand for Ontario wheat exports is expected to ramp up in the new year.

Markets, Markets/Business

Global crop ending stocks for soybeans to drop in 2023-24

Crop planting problems in Brazil have generated concerns about total production in the new year

By Jerry Klassen January 4, 2024

Statistics Canada released its final crop production estimates on Dec. 4. Corn production came in below expectations and below the September model-based survey. The adverse weather during harvest resulted in […] Read more

Canola plants in flower in a field north of Lorette, Man. on July 20, 2022. (Dave Bedard photo)

Markets

ICE weekly outlook: More room to the downside for canola

Vegetable oil markets also became weaker

By Adam Peleshaty - Marketsfarm January 3, 2024

Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.

Crops, Markets

CBOT weekly outlook: Soybeans, grains looking bearish to start 2024

Corn consistently below moving averages a bearish sign says analyst

By Phil Franz-Warkentin January 3, 2024

Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.

Soybeans ZSH24 on Jan. 3 with 20 and 50-day moving averages. (Barchart)

Markets

U.S. grains: Soy futures recover from June low as rains benefit Brazil crops

A two-week high in the U.S. dollar also hung over agricultural markets

By Reuters, Tom Polansek January 3, 2024

Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.

Soybean futures ZSH24 as of Jan. 2, with 20 and 50-day moving averages. (Barchart)

Markets

U.S. grains: Soy futures fall to June low on improved Brazilian crop weather

Corn set a contract low in front-month futures; wheat futures declined

By Reuters, Tom Polansek January 2, 2024

U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.

Crops, Markets

USDA November soy crush estimated at 199.7 million bushels

The U.S. crush topped 200 million bushels in October for the first time ever

By Julie Ingwersen, Reuters December 29, 2023

The U.S. soybean crush likely eased slightly to 5.991 million short tons in November, or 199.7 million bushels, while soyoil stocks rose, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.

Markets

U.S. grains: Corn closes with biggest yearly loss in a decade

Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade

By brendan-obrien, Reuters December 29, 2023

Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.