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Crops Crops

File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Crops

Argentina soybeans expected to go from horrible to great

El Nino expected to improve growing conditions

By MarketsFarm April 17, 2023
MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in […] Read more

Gerrit van der Scheer, CEO of Mechan’s parent firm Zweegers Equipment Group, with Toromont senior advisor Larry Moffatt (l-r). (Photo courtesy Mechan International)
Crops, Machinery

Toromont to sell Manitoba Agco, Claas dealer chain

Dutch firm to buy AgWest

By Dave Bedard April 17, 2023
Canada’s Caterpillar equipment distributor for Manitoba and points east is set to sell a major Manitoba dealer of Agco’s farm equipment brands as well as the province’s exclusive dealer for […] Read more

(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Stronger loonie sends bids down

U.S. wheat futures also down on week

By Adam Peleshaty April 15, 2023
MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains […] Read more

Photo: Getty Images
Crops, Markets

Drought curtails Argentina’s latest ‘soy dollar’ scheme

Soy supply 'a very different situation' now

By Reuters April 15, 2023
Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point […] Read more

CBOT May 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn continues climb, closes higher for fourth week

Traders watching cooler weather in U.S. southern Plains

By Cassandra Garrison April 15, 2023
Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for […] Read more


File photo of a soybean field in Argentina. (Federico Weyland/iStock/Getty Images)
Crops, Markets

Vast tracts of drought-hit Argentine soy fields seen going unharvested

Yet more cuts to production possible

By Reuters April 14, 2023
Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, […] Read more

A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops

Russia says Black Sea grain deal may be nearly over

Ukraine and UN to blame for backlog of ships, Russia alleges

By Guy Faulconbridge April 14, 2023
Moscow | Reuters — Russia on Thursday said there would be no extension of the U.N.-brokered Black Sea grain deal beyond May 18 unless the West removed a series of […] Read more

Pacific Ocean sea surface temperature (SST) anomalies, in degrees Celsius, for the week centred on April 5, 2023. (CPC.ncep.noaa.gov)
Crops

U.S. forecaster sees 62 per cent chance of El Nino developing during May-July

Argentina, parts of U.S. could benefit; Asian crops may not

By Ashitha Shivaprasad April 13, 2023
Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance […] Read more


CBOT May 2023 corn with 20-day moving average (green line) and July 2023 corn (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago grains close lower as weather improves

USDA reports flash corn sale to China

By Cassandra Garrison April 13, 2023
Mexico City | Reuters — Chicago grains futures reversed earlier gains to close lower on Thursday, as weather improved and despite Russia saying there would likely be no extension of […] Read more

Barley. (Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Barley demand, prices rise

Downside risk seen in June, July

By Adam Peleshaty April 13, 2023
MarketsFarm — After months of declining prices, one trader is now seeing a “pop” in the feed barley market. Evan Peterson of JGL Commodities at Saskatoon explained that logistics issues […] Read more

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