Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: Quick seeding bringing down prices 

U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune

MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader.  The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday, […] Read more

U.S. corn production is expected to reach a record 387.8 million tonnes, up nearly 40 million tonnes from last year and up 23 million tonnes from the five-year average.

Record corn, soybean crops predicted for U.S.

Both winter and hard red spring wheat will struggle to surpass year-ago levels

Weather in Ontario has been variable over the past month. Corn and soybean planting progressed rapidly in the southwest. The northern region has been plagued with excessive precipitation while central growing counties started field work. The Ontario winter wheat crop entered the flag leaf stage and conditions are favourable to sustain yield potential. Farmer selling […] Read more

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Ontario field conditions on the upswing, so too the weeds

OMAFRA Field Crop Report for the week of May 15

Conditions Field conditions across the province have improved vastly over the last ten days. With sunshine and temperatures in the high teens to even high twenties in some areas, planting is rolling across a majority of the province. Field work began early last week with lighter soil but by late last week, work on heavier, […] Read more

Ontario winter wheat is developing under optimal conditions, ensuring the year-over-year increase in production projected by Statistics Canada.

Risk premium in wheat market continues to evaporate

StatCan acreage survey shows increased winter wheat plantings for Ontario, a decrease for soybeans and no change for corn

Grain and oilseed markets are digesting new-crop production estimates. On April 26, Statistics Canada released the results of its acreage survey conducted between Dec. 12, 2022 and Jan. 14, 2023. Although the survey occurred two months earlier than normal, traders feel comfortable with the acreage data. Quick lookSoybeans: Producers should be prepared for the basis […] Read more


China accounts for 60 per cent of global soybean imports, and consequently a reduction in import demand will have a large impact on global soybean prices.

China makes effort to reduce soybean imports

Imports expected to fall to 87 million tonnes in 2025 from 94 to 95 million in 2022, profoundly affecting global trade

Glacier FarmMedia – China’s soybean imports have likely peaked, which has “profound” implications for oilseed and grain markets, according to a global food and agriculture bank. The Chinese government has launched a campaign to reduce the country’s reliance on imported soybeans. Soybean meal inclusion rates in feed rations are forecast to fall to 13.5 per […] Read more

Russia’s Black Sea demands cause jumpy wheat market

Russia’s Black Sea demands cause jumpy wheat market

An opportunity may arise for new-crop wheat sales, depending on future of shipping agreement

From March 15 through April 15, southern Ontario received above normal precipitation with some areas receiving as much as 100 to 125 millimetres of rain. Temperatures were two to three degrees below normal. The weather trend is cool and wet. U.S. and Ontario farmers could plant corn and soybeans 10-15 days later than normal, which […] Read more

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

World production seen up with more corn, soybeans

IGC holds wheat production estimate steady

MarketsFarm — As the International Grains Council (IGC) raised its estimate for total world grain production in 2023-24, its forecast on corn and soybeans were increased as well. Meanwhile, production estimates for wheat were held steady. The London-based IGC issued its latest supply and demand report on Thursday. World grain production was bumped up by […] Read more


Soy Canada saw the need for a Canadian sustainability program that will offer new market opportunities for growers.

New sustainable soybean program launched

Voluntary program aims to drive new market opportunities for growers and value chain

A new national and voluntary sustainability program has been launched to ensure Canadian soybean growers, grain handlers and exporters have continued access to premium markets. The Sustainable Canadian Soy program was designed to meet the needs of soybean customers and drive new market opportunities, said Soy Canada executive director Brian Innes during the program’s official […] Read more

File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)

Argentina soybeans expected to go from horrible to great

El Nino expected to improve growing conditions

MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more