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MarketsFarm -- Corn contracts have tested contract lows on the Chicago Board of Trade, and markets are in need of a bounce. "If contract lows get taken out, you're talking almost another 10 cents to the downside," said Steve Georgy, president of Allendale Inc. at McHenry, Illinois. "It's going to be very important for us[...]

MarketsFarm -- Agriculture commodities on the Chicago Board of Trade started the decade on a high note, thanks to general optimism regarding an impending trade deal between the U.S. and China. Phase One of the trade deal between the two countries is set to be signed at the White House on Jan. 15, according to[...]

MarketsFarm -- While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means[...]

MarketsFarm — Market participants and producers will be looking to Statistics Canada's principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. "We're looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season," said Jerry Klassen, an analyst in Winnipeg. Klassen[...]

MarketsFarm -- Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity concentrated in the January/March contracts. Spreading accounted for 124,790 contracts traded, which is about 86 per cent of the activity. Keith Ferley of RBC Dominion[...]

MarketsFarm -- Spot barley prices have received support from last weekend's snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located.[...]

MarketsFarm -- Chickpea prices have remained steady in Canada, despite inclement growing conditions in key chickpea-growing regions. The stability is mainly due to a global supply glut, with large carryout volumes from previous years combined with high acreage numbers in Canada, the U.S. and Australia. Statistics Canada estimated Canadian producers will dedicate just over 300,000[...]

MarketsFarm -- One canola trader wouldn't go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That's mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. "I've talked[...]

MarketsFarm -- Malt barley prices have held steady throughout the 2019 growing season as global demand remains strong. Malt prices in 2018 were driven about 15 per cent higher due to a global shortage. According to Farmlink, drought conditions caused Australia to produce "one of the smallest barley crops in recent memory." The crops were[...]