Statistics Canada has confirmed what most farmers in Ontario knew this past summer: Hot and droughty conditions drove production of corn and soybeans almost 10 per cent lower than 2015 levels. StatsCan’s harvest report, released this week, also showed the large wheat crop in Ontario was a record, with a 56 per cent increase in […] Read more
Tag Archives soybean acres — page 3
StatsCan confirms drought impact on Ontario yield
U.S. farmers surprisingly boost corn plantings, soy acres at record
Washington | Reuters — U.S. farmers seeded more corn and soybeans than they had initially planned to during the spring, taking advantage of a rallying futures market and good weather to plant as much acreage as possible, government data showed on Thursday. The robust plantings will likely add to an ample supply base of both […] Read more
Wheat crops excel in Ontario
CNS Canada — Ontario wheat producers are having a great start to the season, with healthy crops doubling in acreage from last year, according to a provincial cereals specialist. “Winter wheat crop this year is looking excellent,” said Joanna Follings, who works for the Ontario ministry of agriculture in Guelph. “We have some disease pressures […] Read more
CBOT weekly outlook: Soybeans moving lower, corn up
CNS Canada — Soybeans and corn at the Chicago Board of Trade are both stuck in a trading range, one U.S. analyst says. Neither market is expected to see any dramatic swings on the week, but soybeans have downside potential, while corn could advance. Soybeans were able to break through a 200-day moving average, but […] Read more
Manitoba soybean acreage looks to inch upward
CNS Canada — U.S. farmers may be seeding fewer soybean acres this spring but expectations for the crop remain relatively steady north of the border, according to Francois Labelle, executive director of Manitoba Pulse and Soybean Growers. “Our first indications are that acreage will be the same as last year to up a little bit,” […] Read more
China’s farmers switch to soy amid corn market reform
Reuters — Wang Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near-decade-old corn price support scheme. China announced last week it will stop its corn stockpiling program and allow markets to set […] Read more
U.S. acreage plans not set in stone as corn price drops
Washington | Reuters –– U.S. farmers could plant more soybean acres than suggested in the government’s acreage forecast issued Thursday, as recent gains in the futures market tempted them to alter their corn-heavy seeding plans, growers and analysts said. The U.S. Agriculture Department report showed farmers intend to plant 93.601 million acres of corn this […] Read more
USDA sees farmers boosting corn, cutting soy acreage
Chicago | Reuters — The U.S. Agriculture Department on Friday forecast that U.S. farmers will raise corn plantings and cut back on soybean acreage in the 2016-17 marketing year. USDA’s Office of the Chief Economist estimated that farmers would seed 90.5 million acres of corn during the spring, 2.1 million more than they did in 2015-16. […] Read more
Court rejects Ont. growers’ bid for stay on neonic regs
The association for Ontario corn and soybean growers is “evaluating several options” after its request for a stay of the province’s new limits on neonicotinoid seed treatments was rejected. The Ontario Superior Court denied the request from Grain Farmers of Ontario (GFO) for a stay and interpretation on the neonic regulations, which became law in […] Read more
USDA probes release of incorrect data that pressured crop prices
Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more
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