Statistics Canada released its Dec. 31 stocks report on Feb. 8. Ontario on-farm wheat stocks were lower than anticipated. The year-over-year increase in wheat production resulted in larger farmer selling. Ontario on-farm corn stocks as of Dec. 31, 2023 were down nearly 600,000 tonnes from Dec. 31, 2022. This will be supportive for the Ontario […] Read more
Tag Archives Soybeans — page 20
Canada, U.S. soybeans face reduced export demand
Prices are at a premium compared to product from South America
Seasonal high corn demand expected in spring
The market is currently functioning to encourage demand; U.S. market will determine price next winter
Ontario wheat, corn and soybean prices consolidated during the first half of February. Export demand for Ontario corn and soybeans moves through a seasonal low during winter. At the same time, domestic soybean crushers have their nearby requirements covered. Feedlots and ethanol plants also have sufficient corn ownership. This environment causes spreads in the cash […] Read more
Phytophthora root rot still a concern
It’s been eclipsed, but it’s still a challenge to growers in Ontario
Phytophthora root rot was major concern to growers in the province 25 to 30 years ago, when Roundup Ready soybeans were just emerging on the marketplace, Bt corn was in its infancy, and GPS-based yield monitors were available primarily as after-purchase combine enhancements. Why it matters: Agronomists noted there were hot spots in the province […] Read more
ICE canola weekly outlook: Market in search of demand
Farmers holding large amounts of unpriced canola waiting for future to move upward, analyst says
A modest attempt at correcting higher was met by stiff resistance in the ICE Futures canola market, with a general downtrend still intact as the futures work to uncover some demand.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Soybean acres may soon stabilize in Manitoba
Volatile yields, acres and weather have kept soy on a roller-coaster since 2017
There's an emerging consensus in Manitoba that soybean acres in the province could soon stabilize at around 1.5 to 1.9 million.
The ripple effects from China’s declaration of self-sufficiency
The country’s decision to limit soybeans in feed rations could be challenging
China has long relied on imported food and feed ingredients for its livestock herds and poultry flocks, but there are signs that could change. A Jan. 3 Feed & Grain article detailed a Chinese policy pledge to reduce soybeans in feed rations. According to the report, soybean meal usage for January to November of 2023 […] Read more
U.S. dicamba ruling won’t touch Canada: Bayer
Thousands of American farmers who have already bought the herbicide now in a bind after court bans over-the-top use
An Arizona court decision that essentially prohibits American farmers from using dicamba for over-the-top spraying on soybeans and cotton will not stop Canadian growers from using the herbicide this year, says Bayer Crop Science Canada.
Waterhemp is the new “oh-no” weed
Ontario biotypes are resistant to up to five different herbicide groups
It’s no longer a matter of ‘if’ waterhemp comes to your farm, it’s ‘when.’ Those were the words of Richard Anderson, a business representative with BASF, speaking last month at the Southwest Agricultural Conference at University of Guelph’s Ridgetown Campus. It was probably the most pertinent take-home message from a panel discussion on tackling waterhemp, […] Read more
Soybean production heading north
A combination of climate and enhanced genetics makes it possible
A silver lining to climate change is that a warming trend would favour a northern migration for crop production. That could spell everything from more acres of corn in the West to the development of more diverse crop rotations in Ontario’s Northern Clay Belt, the Thunder Bay region and possibly the Fort Frances/Rainy River area. […] Read more
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