CBOT weekly outlook: Commodities hold up while waiting on China

Reading Time: 2 minutes MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more

Prairie cash wheat: Lower loonie strengthens bids

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. Bids for Canada Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-10ths of a cent during the week, which provided support […] Read more

Feed weekly outlook: Buyers not looking to make purchases

Reading Time: < 1 minute MarketsFarm — Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more

Pulse weekly outlook: More acres sought for 2020

Reading Time: < 1 minute MarketsFarm — Planting intentions for red and green lentils and other pulses have been looking good for 2020 — but that might change somewhat because prices have slipped a little, said Marcos Mosnaim of Globeways Canada in Mississauga. Discussing pulse crops at a farm show last month in Saskatoon, Mosnaim said he got the strong […] Read more

A cargo ship at the Argentinian port of Rosario.

Global export taxes affecting soybean markets

Export taxes are a significant part of Argentinian government spending

Reading Time: 2 minutes The United States Department of Agriculture and the department’s attaché in Buenos Aires differ widely on predictions for Argentina’s 2019-20 soybean ending stocks. Why it matters: Argentina is a significant soybean producer so its ending stocks could have implications for prices on international markets. Although dry conditions have continued to be a concern, especially in […] Read more