MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean […] Read more
Tag Archives Soybeans — page 32
ICE weekly outlook: Canola drifts downward with soybeans
Wheat's recent decline may spur canola acres
CBOT weekly outlook: It still comes down to South America
Continent's soy situation conflicting
MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more
China giving the U.S. the cold shoulder on corn
Political tensions between China and the U.S. and between Russia and the Ukraine continue to disrupt markets
Ontario corn prices appear to be consolidating. Export demand for Ontario has been minimal over the past month; therefore, the domestic prices have been based on local feed values. Ethanol producers appear to have sufficient coverage for nearby positions. Soybean exports continue to exceed expectations while demand from the domestic crush was driven by stronger […] Read more
Inflation remains top of mind for organic marketers
Organic produce sales in the U.S. declined in 2022 as consumers cut costs
Rising food prices are one of several factors creating turbulence in the organic marketplace. But, as attendees at the recent virtual segment of the 2023 Guelph Organic Conference learned, inflation will likely remain top of mind in 2023. For the first time in more than a decade of monitoring the U.S. marketplace, analyst Tom Barnes […] Read more
ICE weekly outlook: Canola drifting lower
Near-record soy still expected from South America
MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from […] Read more
Revisions possible for Argentina corn, wheat carryouts
USDA attache has eyes on drought conditions
MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more
Syngenta Seeds moves to licensing model with a new brand, distributors for conventional soybeans
Syngenta Seeds announced it’s moving to a licensing model for its conventional, high-protein soybeans for the 2024 growing season and beyond. In a press release, the company said its NK brand conventional soybeans will be sold under a new brand and distributed by two licensees – Hensall Co-op and Jackson Seed Service. Syngenta Seeds said it will […] Read more
ICE weekly outlook: March canola unchanged from last week
Loonie's relative strength seen as drag on values
MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen […] Read more
Surge in China’s economic output will drive demand for all commodities
Strong resource demand and end of interest rate hikes will strengthen Canadian dollar
Ontario corn prices slowly percolated higher throughout January. Farmer selling eased but commercial traders had sufficient ownership to cover nearby commitments, which tempered the upside. Soybean prices are marginally higher compared to the first week of January. Export demand during the month was stronger than anticipated and commercial supplies are decreasing. The market needs to […] Read more
Managing Ontario’s devious weed duo
Strategies offered on how to deal with herbicide-resistant fleabane and waterhemp
Are Canada fleabane or waterhemp consistent or growing problems on your farm? If so, it might be time to change the approach to chemical controls, according to field crop and weed expert Peter Sikkema. Even if the two species are not an immediate concern, adopting a longer-term, more multi-faceted approach to weed management could help […] Read more
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