Early expectations point to increased Canadian grain production in 2024/25, which should cut into corn imports from the United States, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa.
Canadian corn imports expected to slow in 2024/25
Pea market solid – watching weather, Indian demand
Tightening supplies and solid demand continue to keep pea bids well supported in Western Canada, although uncertainty over whether that demand will continue was keeping some caution in the market as attention turns to the upcoming crop.
Fund traders back adding to short positions in canola
The net managed money short position in canola grew for the first time in seven weeks as fund traders put on fresh bearish bets in mid-April, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Trends shift lower once again
Canola futures broke below major chart support levels in mid-April, with nearby price trends all turning lower as attention in the market turns to the upcoming crop.
USDA holds steady on Brazilian production estimates
Soybean and corn production in Brazil remains uncertain after a pair of conflicting reports released April 11.
Attention in CBOT soybeans/corn turning to spring weather
North American weather conditions should become a major influence on the activity in the grain and oilseed markets in the upcoming weeks as farmers turn their attention to spring seeding.
Mixed outlook on global canola production
Australian canola production is expected to rise in 2024/25, while the European rapeseed crop will likely be smaller on the year, according to updated estimates from the United States Department of Agriculture’s Foreign Agricultural Service.
Net short position in canola continues to shrink
Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Spring wheat futures find support, soybeans/corn rangebound
After hitting their softest levels in three years, the Minneapolis spring wheat market uncovered some support on April 3, although all the spring-seeded U.S. crops could hold rangebound through the planting season.
U.S. pulse area to rise in 2024
Area seeded to pulse crops in the United States should see a significant increase in 2024, with early indications pointing to more lentils, chickpeas, peas and edible beans going in the ground this spring.