Ontario soybean exports jump in September over 2018 numbers

Ontario's corn market is being held up due to tight old crop stocks and the delayed harvest

Reading Time: 5 minutes We estimate that Ontario farmers have harvested approximately 85 per cent of the soybeans and 20 per cent of the corn crop as of early November. The six to 10-day forecast calls for normal precipitation along with seasonal temperatures. Soybean yield reports are better than expected; however, corn progress isn’t sufficient to assess yields beyond […] Read more

Timo Brielmann says this year's harvest in northwestern Ontario has been muddy and wet.

It’s a mud bog harvest in Ontario’s northwest region

Excessive rain has kept farmers out of fields

Reading Time: 3 minutes The Rainy River has lived up to its name this harvest. About 460 millimetres of rain since Aug. 19 have made for a long, muddy and frustrating harvest in this farming district 400 kilometres west of Thunder Bay. There’s work being done to attract more farmers to northern Ontario. “Oct. 25 was only our fifth […] Read more

U.S. books latest end to soy harvest in a decade

Reading Time: 1 minute MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more

U.S. corn exports falter, soybean business could meet same fate

Reading Time: 4 minutes Fort Collins | Reuters – It is no secret that overseas demand for U.S. corn has been downright terrible as of late, and relief does not seem likely in the immediate term as purchase commitments remain dismal. Forward sales for U.S. soybeans are nothing to brag about either, but soy exporters have enjoyed more success recently than […] Read more

Brazil farmers push traders to end Amazon soy moratorium

Reading Time: 2 minutes Sao Paulo | Reuters – Brazilian farmers plan to start a campaign next week to end a ban by trading firms on buying soybeans from parts of the Amazon rainforest cleared after 2008, leaders from a major farmer group told Reuters, citing support from President Jair Bolsonaro. The push to end traders’ voluntary “soy moratorium” — one […] Read more

ICE weekly outlook: Canola bids return to being range-bound

Reading Time: 1 minute MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided […] Read more

Beijing’s refusal to order U.S. farm buys becomes pain point

Reading Time: 2 minutes Washington/Beijing/Reuters – U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm […] Read more

CBOT weekly outlook: Harvest activity drops commodities

Reading Time: 1 minute MarketsFarm — Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity, […] Read more