Glacier FarmMedia – It’s an essential element for plant growth, but nitrogen in the air all around us has been unavailable to major crops — at least until now. New biological products have arrived in the marketplace that enable crops like wheat, canola, soybean and corn to harvest nitrogen from the air. Why it matters: […] Read more
Tag Archives Soybeans — page 42
Major crops get a new source of nitrogen
Biological products like Envita and Utrisha N enable crops to harvest nitrogen from the air
Strong energy prices support increased corn, soybean market values
Domestic market demand and uncertainty surrounding South American crops also contributing factors
Ontario soybean prices have risen $1 per bushel over the past month. The domestic market is being pulled higher by the energy complex and stronger meal values. Soybean exports are lagging last year’s pace. The fundamentals are somewhat bearish unless South America has adverse weather conditions. Ontario corn prices are up 20 cents per bu. […] Read more
Getting the most out of a soybean crop
Closer attention to fertility management could pay dividends
Conventional wisdom says that the nitrogen-fixing capability of soybeans leaves substantial nutrients behind for subsequent corn crops. While true to a degree, Fred Below, University of Illinois plant physiology professor, believes many soybean growers do not realize how much nutrient is being removed by the crop and many could get more from their soybeans if […] Read more
USDA sees little renewable diesel benefit for soybean oil
The department expects little change in oil demand from the renewable fuel sector after next year, which puzzles analysts
Glacier FarmMedia – Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030. But there is one notable exception. The United States Department of Agriculture (USDA) is forecasting static soybean oil demand from the renewable fuel sector after 2022, at about 12 billion pounds per year. […] Read more
ICE weekly outlook: Choppy canola trade expected
Old-crop 'likely pushing the upper limits'
MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby […] Read more
ICE weekly outlook: Despite declines, signs point to increases for canola
MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more
Most recent StatsCan crop survey shows 2021 was record year
Corn, soy and wheat all came in above 2020 levels, but slightly lower than September estimate
Statistics Canada released its November crop survey Dec. 3, showing Ontario corn production at 9.5 million tonnes. This was down from the September estimate of 9.6 million tonnes but up from the 2020 crop of 8.9 million tonnes. Ontario farmers harvested 4.1 million tonnes of soybeans. Although this was down from the September estimate of […] Read more
ICE weekly outlook: Canola strength shows no signs of fading
MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more
CBOT weekly outlook: South American dryness main source of support
MarketsFarm — After corn and the soy complex on the Chicago Board of Trade shot up on Tuesday following the fats and oils as well as the crushing reports from the U.S. Department of Agriculture (USDA), one trader said he isn’t expecting any surprises to come out of USDA’s supply and demand estimates or grain […] Read more
Brazil cuts sugar production for soy, corn
Reuters – Brazil’s government reduced its projection for this season’s sugar production by nearly 10 per cent in the centre-south (CS) region to 30.7 million tonnes after an evaluation of the impact of drought and frost on crops. A report by the government’s agricultural statistics agency Conab said the CS sugarcane crop is now seen […] Read more
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