Compared to two weeks ago, Ontario grain and oilseed prices are relatively unchanged for old crop delivery positions. However, new crop prices are unchanged to slightly lower. Seasonally, farmer selling tends to increase in January while export demand moves through a slower period. Argentina corn and soybean crops have experienced favourable weather; however, Brazilian soybean […] Read more
Tag Archives soybean
Chinese demand for Canadian soybeans goes quiet
Traders are connecting Canada’s arrest of a Huawei employee with the slower demand
USDA predicts larger world grain/oilseed stocks
Global soybean, corn and wheat ending stocks for the 2018-19 marketing year were all larger than earlier expectations, according to the latest World Agriculture Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA). In a report released last December, the USDA raised its global soybean ending stocks forecast for 2018-19 […] Read more
Editorial: Tiptoeing through trade barriers increasingly complex
An American court recently approved a $1.5 billion settlement paid for by Syngenta that will send money to hundreds of thousands of farmers and others in the grain system who sold corn with the Agrisure Viptera trait before it was approved to send to China. The resulting furor in 2013, resulted in an impact on […] Read more
Soybean stocks mean trade truce could result in little price movement
Likely further weakness in the Canadian dollar could mean export opportunities
Ontario soybean, corn and wheat yields were higher than expected on Statistics Canada’s November crop survey. Despite the larger-than-expected production, Ontario prices are slightly higher this month for all grains and oilseeds due to stronger export demand. Ontario exports of corn, soybeans and wheat continue to exceed year-ago levels as the Canadian dollar trades near […] Read more
China swine fever outbreak to curb its soybean imports
The disease along with high stockpiles are expected to curb Chinese soy imports
Singapore|Beijing|Reuters – China’s imports of soybeans are set to drop as an outbreak of African swine fever hits its huge pig herd and saps demand for the animal feed ingredient, making it easier for buyers to keep shunning U.S. cargoes amid the Sino-U.S. trade war. African swine fever, deadly to pigs but not harmful to […] Read more
U.S. farmers fret as Chinese soy purchases move elsewhere
Strange trade flows — U.S. beans to Argentina, Argentine beans to China, Argentine beef to the U.S.
Reuters – A ship named the Torrent recently reached the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina — a journey that only makes economic sense because of the U.S.-China trade war. The ship docked in the Rosario grains hub on Dec. 4, days after the leaders of the […] Read more
USDA outlines first-ever rule for GMO labeling
Washington | Reuters — The U.S. Department of Agriculture on Thursday laid out its first-ever requirements for labeling of genetically engineered, or GMO, foods as early as 2020, a rule met with praise from some farmers and criticism from consumer groups. Consumers have been pushing for years for greater transparency over what is in their […] Read more
ICE weekly outlook: Canola steady heading into 2019
CNS Canada –– ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, and should be expected to remain steady heading into the New Year barring outside political developments. “We’re in a doldrums environment,” said Mike Jubinville of ProFarmer Canada in Winnipeg. “The supply/demand fundamentals suggest this market is reasonably well supplied, with […] Read more
ICE weekly outlook: Firm canola has limited upside
CNS Canada — Canola futures on the ICE Futures platform moved higher during the week ended Thursday, as the market corrected off of the lows hit in late November. Gains in Chicago Board of Trade soybeans and a smaller 2018 Canadian canola crop contributed to the advances, although values may not have much more room […] Read more
USDA says nearly $840 million in aid paid to farmers to date
Farmers are complaining that the compensation falls short of their losses
Washington | Reuters – The United States Department of Agriculture has paid out nearly US$840 million to farmers to date as part of a promised $12 billion aid program rolled out by President Donald Trump last July to offset losses from the imposition of tariffs on American exports. A total of $837.8 million to date […] Read more
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