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
Crops

Argentina soybeans expected to go from horrible to great
El Nino expected to improve growing conditions

Toromont to sell Manitoba Agco, Claas dealer chain
Dutch firm to buy AgWest
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

Prairie cash wheat: Stronger loonie sends bids down
U.S. wheat futures also down on week
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

Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
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

U.S. grains: Corn continues climb, closes higher for fourth week
Traders watching cooler weather in U.S. southern Plains
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

Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
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

Russia says Black Sea grain deal may be nearly over
Ukraine and UN to blame for backlog of ships, Russia alleges
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

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
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

U.S. grains: Chicago grains close lower as weather improves
USDA reports flash corn sale to China
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

Feed weekly outlook: Barley demand, prices rise
Downside risk seen in June, July
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