Ontario received above normal precipitation and experienced average temperatures in March. The winter wheat crop is coming out of dormancy under optimal conditions. Above average wheat yields are expected. Export demand for Ontario soft red winter wheat will be down from earlier projections, which has caused prices to dip to 52-week lows. Current weather forecasts […] Read more
Tag Archives Soybeans — page 31
USDA projects increased planting for corn, soybeans
Planting expected to occur later than normal in both U.S. and Canada, which could drag yields
The latest treatment for white mould in soybeans
Ready for 2023, a new fungicide promotes plant health and protects yield
A crop protection company is launching a new treatment for white mould and sclerotinia. Corteva Agriscience last month announced the launch of Viatude, a new fungicide that targets white mould in soybeans for Eastern Canada and sclerotinia in canola in Western Canada. White mould in Ontario has caused significant yield losses in the past 10 […] Read more
Black Sea Grain Initiative extended
Wheat market unlikely to see another rally as Russian and Ukrainian wheat continues to move
Ontario corn, soybean and wheat prices are relatively unchanged from mid-March. Farmer selling tends to subside during late March and April as producers prepare for spring planting. Export demand for corn has improved over the past two weeks. We expect a minor rally in domestic corn prices through April as offshore movement increases. Soybean prices […] Read more
Adopting a plan B in soybeans
Improving soil health interactions is key to unlocking higher yields
As the importance of soil health gains recognition, its reach extends beyond nitrogen, phosphorus, potassium and sulphur. Boron, a micronutrient, is getting more attention among advisors and growers, mostly because of its role in plant health and performance. Cell formation, cell wall and vascular tissue formation, node number and plant height, flower development, pollen viability, […] Read more
CBOT weekly outlook: More acres expected for U.S. corn, soybeans, wheat
USDA acreage projections due out March 31
MarketsFarm — With expectations of far fewer prevent-planting acres for 2023-24, Terry Reilly of Futures International has called for increases in planted area for corn, soybeans and wheat in the U.S. this spring. The U.S. Department of Agriculture (USDA) is scheduled to release its planting projections on March 31. Reilly pegged planted corn acres at […] Read more
Soy Canada has successful trade mission in Indo-Pacific
Industry delegation visits Japan, Malaysia and Vietnam to bolster buyer relationships and discuss supply challenges
Delegates on a recent Soy Canada expedition to Japan, Malaysia and Vietnam returned with positive news for Canadian soybean growers. Each nation reaffirmed its preference for Canadian soybeans and expressed willingness to continue purchasing the crop. Some 26 representatives of Canada’s soybean industry made the trip last month, along with individuals from Agriculture and Agri-Food […] Read more
China supports extension of Black Sea Grain Initiative
Support document has calmed traders’ concerns and market uncertainty regarding corn and wheat exports from Black Sea ports, for now
Ontario cash corn prices dropped nearly 50 cents per bushel, on average, between Feb. 21 and March 7, while soft red winter wheat values fell by approximately 75 cents per bushel. Cereal grains have come under pressure due to a lack of export demand. Ethanol processors and cattle feeders appear to have sufficient corn coverage […] Read more
China to buy more homegrown soybeans for reserves
State-owned firms urged to prioritize domestic soy
Beijing | Reuters — China will step up buying of domestic soybeans by state reserves to encourage farmers to keep planting the crop, the agriculture ministry said on Thursday, as Beijing continues to push for greater self-sufficiency in oilseed. China started to increase soybean planting a year ago amid worries about its heavy reliance on […] Read more
ICE weekly outlook: No floor in sight for overdone canola
'A lot of money playing around in canola right now'
MarketsFarm — The ICE Futures canola market was in freefall mode through the first half of March, hitting its weakest levels in over a year. While the losses may be looking overdone, the bottom remains to be seen. “This has been a brutal drop in canola,” said Bruce Burnett, director of markets and weather with […] Read more
Brazil could harvest record soybean crop
Large anticipated South American crop causing discount in North American new crop prices
Ontario corn prices have been relatively flat since the end of harvest. Commercial ownership of corn is considered burdensome at this time. Ontario corn demand surges in the latter half of the crop year which should result in stronger basis levels. Ontario soybean prices are trading near seven-month highs. Domestic crush margins have been enhanced […] Read more
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