A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
WATCH: Enthusiasm beats the heat at AIM 2024
The full attendance tally is still to come, but O’Connor estimated that this year’s event drew 30,000-32,000, with many people needing more than one day to make their way through the grounds to take in the new machinery, innovations, crop research and all things ag-related in-between.
Fuel hedging platform wins AIM innovation award
Rack Petroleum Ltd.’s HedgeHog app allows users to confirm a guaranteed price for diesel for future delivery up to two years into the future.
From AIM: Expect a year of drone drama
Spray regulations haven't kept up with drone advancements.
Manitoba crops advancing with warm weather: report
Warmer conditions across Manitoba during the week ended July 16 helped advance crop growth, with recent rainfall leaving most of the province with wet or optimal soil moisture conditions, according to the latest provincial crop report.
Off the ‘slightly muddier’ beaten path at Discovery Farm
The "Off the Beaten Path" demonstration tour presented by BMO at the Ag in Motion farm show July 16-18, highlighted the multi-year research underway by several companies at the 610-acre site, with the improved moisture levels in 2024 helping provide new data for the ongoing projects.
Short position in canola edges lower, while soybeans/corn rise
The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta crop conditions steady at 74 per cent good-to-excellent
Warm temperatures helped keep crop conditions well above average in Alberta during the week ended July 9, although heat stress could become a concern without cooler temperatures and more precipitation in the weeks ahead, according to the latest provincial crop report.
CBOT weekly: Good weather leads to new lows in Chicago soybeans and corn
Soybean and corn futures at the Chicago Board of Trade fell to fresh contract lows in early July, as relatively favourable growing conditions and bearish technical signals weighed on values.
Prairie drought conditions improve in June: AAFC
Above-normal precipitation and cooler temperatures helped drought conditions improve across most of the Canadian Prairies in June, according to the latest drought monitor report from Agriculture and Agri-Food Canada showing conditions as of June 30.
Cyber-Savvy Farmer
