MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher. Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
Tag Archives Soybeans — page 28
CBOT weekly update: Dry conditions, war propel prices upward
Rally may push well into the week of July 24 and perhaps further: broker
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
Large acreage means bigger-than-average Ontario wheat crop
Lack of local demand keeps Ontario corn bids low despite broader market jump
The corn and soybean futures markets have incorporated a risk premium due to the uncertainty in production. Trades are comparing this year to 1998 when there was a widespread North American drought. As of June 24, southern Ontario received 60 to 85 per cent of normal precipitation over the previous 30 days. Isolated pockets received […] Read more
Spider mites bugging your soybeans?
OMAFRA Field Crop Report for the week of July 3
Dimethoate resistant two-spotted spider mite populations in Ontario soybeans Results from bioassays conducted on two-spotted spider mite (TSSM) populations collected in soybean fields across Ontario show the prevalence of dimethoate (Cygon or Lagon) resistance is high in some areas. Through a collaborative project with Dr. Vojislava Grbic, Professor at Western University, Dr. Ian Scott at […] Read more
ICE weekly outlook: Canola makes huge move
Prairies' dry patches add to upswing
MarketsFarm — Canola came out of Canada Day continuing to build on gains made going into the holiday, largely due to spillover from the Chicago soy complex. The U.S. Department of Agriculture last Friday released its planted acres report, which saw soybeans lose four million acres from the 87.5 million planted in 2022, leading to […] Read more
Time to watch for tar spot, soybean cyst nematode
OMAFRA Field Crop Report for the week of June 26
Tar spot has now been established in the midwestern US for almost a decade and is an annual concern in many Midwestern states like Illinois, Indiana, Iowa, Michigan, and Wisconsin. While tar spot was not as yield-limiting in these areas in 2022, it continued to expand its range across the corn belt, as far west as Kansas […] Read more
Syngenta unveils new Silverline soybean brand
Silverline is the new brand name for conventional soybeans from Syngenta Seeds, previously branded as NK soybeans. This rebrand follows the announcement a new licensing model for its soybean portfolio. It was announced in February that NK conventional, high-protein soybeans will be sold under a new brand with seed production, marketing and distribution managed by […] Read more
Dry weather trims yield estimates for North American crops
Crop conditions deteriorate in U.S. Midwest, Ontario could experience yield drags
From May 15 through June 15, the bulk of the Ontario growing region received 40-60 per cent of normal precipitation and some pockets received less than 40 per cent of normal. Timely rains are needed to sustain yield potential on the row crops. Winter wheat is experiencing yield drag due to drier conditions. Farmer selling […] Read more
Province’s major crops, forages faring well
OMAFRA Field Crop Report for the week of June 19
Across much of Ontario major crops and forages are progressing well. Evidence of moisture stress is present on various crops, but some relief came over the period of June 11-14th with scattered rainfall periods. Keeping appraised of incoming rainfall is at the back of everyone’s mind. Be aware of various networks and stations where weather data […] Read more
U.S. grains: Soy, corn futures steady; wheat mixed
Large Russian exports tempered fears of Black Sea corridor agreement breakdown
Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
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