A worker drives a combine through a soybean field in Chivilcoy, on the outskirts of Buenos Aires on April 8, 2020. Argentina is poised to harvest a sizable soy crop in 2021.

South American soybean crop looms over oilseed markets

Concerns over dry weather south of the equator are no longer a factor

Regardless of who is making the call, Brazil will have an extremely large soybean crop in 2021. With estimates ranging from 132 million to 135 million tonnes, it will be a record soybean crop, topping the 126 million tonnes produced in 2019-20. Coupled with Argentina on track to reap a very sizable crop of 47



Online series covers Hot Topics in Commodities 

Online series covers Hot Topics in Commodities 

Prices and production information are the focus of the Hot Topics in Commodities series hosted by The Western Producer, Manitoba Co-operator, Grainews and Farmtario this winter. The free sessions each feature a look at market demand and fundamentals provided by MarketsFarm analysts as well as a presentation on a current production issue. Opportunities to earn

wade barnes

The great disruptor

Wade Barnes is straddling the digital/agriculture divide — and reimagining agronomy

Wade Barnes says he knows what the agronomy of tomorrow looks like. It’s a proactive system that uses data to model crop development, helping farmers make decisions every step of the way. The power of data analytics will fuel every step, from what variety to plant based on soil moisture, disease and pest pressure and


(Dave Bedard photo)

Feds predict three per cent increase in canola acres

Stocks nevertheless expected to tighten

MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up



Speculation that USDA could further drop ending stocks in February’s WASDE fuelled another round of increases in commodity futures.

U.S. WASDE points to lower ending stocks, lifts futures

The March contract set a new high based on USDA’s report

Within days before the U.S. Department of Agriculture (USDA) issued its latest supply-and-demand report, there was speculation of further reductions to ending stocks for soybeans, corn and wheat. Such bullish news would see U.S. prices rise and spill over into canola. On Jan. 12 USDA released its world agriculture supply-and-demand estimates (WASDE), which slashed soybean ending stocks



(File photo by Dave Bedard)

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about

File photo of snacks, produce and assorted street food loaded on a motorbike in Bali, Indonesia. (Lina Moiseienko/iStock/Getty Images)

Canada consulting at home toward Indonesia trade deal

Possibility of broader Southeast Asian pact also looms

Continuing to seek out free trade deals in the Asia-Pacific region, Canada has launched public consultations on the merits of a potential bilateral pact with Indonesia. “Deepening trade ties with Indonesia would benefit Canadian businesses of all sizes and lead to economic growth and prosperity for years to come,” International Trade Minister Mary Ng said