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Oilseeds

CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: South America rains push soy futures down

Wheat, corn futures also drop

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Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago
File photo of laker vessels navigating the Welland Canal. (JonathanNicholls/iStock/Getty Images)
Crops, Markets

St. Lawrence traffic to resume as tentative labour deal reached

Deal goes now to ratification vote

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A week-long strike by about 360 unionized workers on the St. Lawrence Seaway ended Monday morning with a tentative agreement on a new labour deal. The St. Lawrence Seaway Management Corporation (SLSMC) and Unifor, the union representing the workers, announced the new agreement separately Sunday evening. Unionized workers had been on strike since just after
(Mysticenergy/iStock/Getty Images)
Weather

Prairie Forecast Update: Warmer air not in the cards

Issued Oct. 29, covering Oct. 29 to Nov. 1

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The forecast for this period has been playing out pretty close to what the weather models were predicting, but with a few small differences. For Alberta, the forecasted upper ridge does not look like it will get nearly as strong as originally forecasted as a strong northwesterly flow helps to flatten the ridge. This means
CBOT January 2024 soybeans with 20-day moving average (right column) and CBOT December 2023 soymeal (dark green line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans, soymeal climb on demand

CBOT wheat falls; gains in soy help lift corn

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Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users,
A federal grain dryer exemption bill did not pass in 2021, but the concept was revived in Bill C-234.
Editorial, Op/Ed

Editorial: Waiting game on Bill C-234

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Mother Nature has thrown the federal government a bone on Bill C-234. Manitoba’s weekly crop reports show harvest 2023 ran ahead of the five-year average pretty much from the get-go. There were still some soybeans, corn and sunflowers to come off as of Oct. 17, as well as regional patches of canola. But, for the
Today’s bins can hold more than 10 times the volume of structures a generation ago, but with this capacity comes challenges to keep grain in good condition.
News

Storage strategies change with bigger bins

As storage systems have grown, more attention is needed to keep crops safe

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In the 1970s, a standard bin was 14 feet in diameter with a capacity of 1,350 bushels. High rollers might add an extra ring to stretch that another 300 bu. There were bins 19 feet in diameter, with a 2,700 bu. capacity, but few farmers bought them because they were hard to shovel out and
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat up off two-week low on Ukraine export uncertainty

Ukraine denies suspension of Black Sea export corridor

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Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a
File photo of Rabobank’s office building in Utrecht. (Rabobank.com)
Crops, Markets

More acres expected for soybeans, canola, Rabobank says

RaboResearch arm sees Canada's exporters 'struggling' with margins

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MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar,
ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola pulling lower

Futures subject to 'financial gravity'

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MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s
File photo of laker vessels navigating the Welland Canal. (JonathanNicholls/iStock/Getty Images)
Crops, Markets

Seaway strike backs up Ontario grain

Prairie grain may follow suit if strike backs up traffic via Thunder Bay, GFO warns

By
The nature of eastern Canadian grain logistics, and a strike by St. Lawrence Seaway workers who operate the system’s canals, will see cascading impacts across the system if the situation isn’t resolved quickly, according to Crosby Devitt, CEO of Grain Farmers of Ontario. Unifor workers in both Ontario and Quebec walked off the job Sunday

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