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Soybeans

(File photo by Dave Bedard)
Crops, Markets

Confirmation of large canola short position slowly appears

CFTC data flow slowly resuming

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MarketsFarm — The size of the fund short position in canola rose in February and likely grew even larger in March, as weekly Commitments of Traders data slowly trickles out from the U.S. Commodity Futures Trading Commission (CFTC). CFTC data has stalled since a ‘cyber-related incident’ delayed the release of the data for weeks. As
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn get boost off weaker dollar after multi-month lows

Expectations grow for Black Sea deal extension

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Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. The markets recovered after a week that saw expectations for an extended Black Sea export deal and a lower U.S. government estimate for corn export
CBOT May 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago corn dampened by prediction of El Nino rain

Black Sea export deal hopes drag wheat to 18-month low

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Chicago | Reuters — Chicago corn futures hit their lowest price since August on Thursday on expectations that the El Nino climate phenomenon could boost U.S. crops and concerns about rising interest rates. La Nina has ended, the National Weather Service’s Climate Prediction Center said on Thursday, and El Niño could possibly form during summer
Drought-resistant wheat may appeal to farmers in that region, where crops such as corn and soybeans have recently faced water stress.
Cereals, News

Brazil approves cultivation of GM wheat

Only Argentina had approved a biotech wheat until now

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Brazil has become the second country in the world, after Argentina, to approve the cultivation of genetically modified wheat, following a decision by the nation’s biosecurity agency CTNbio. The approval request was made by plant genetics company Tropical Melhoramento e Genetica, a partner in Brazil of Argentina’s Bioceres, which has developed a variety of drought-resistant
A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)
Crops, Markets

CBOT weekly outlook: Argentina estimates lowered, but attention soon shifting north

U.S. corn, soyoil export outlooks 'a little concerning'

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MarketsFarm — Sizeable reductions to Argentina’s soybean and corn crops were confirmed in the latest supply/demand estimates (WASDE) from the U.S. Department of Agriculture, with more reductions likely in future reports. However, attention in the markets is starting to shift to North American weather, with spring seeding just around the corner. “The USDA was a
CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Soybeans boosted by slash to Argentina harvest

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Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for U.S. exports. “Wheat was down most of the day, initially on talk of corridor extension talks, then off a lackluster WASDE report,” Charlie Sernatinger of
Peter Sikkema provided several weed control strategies for soybeans to attendees at the recent Ontario Agriculture Conference.
Crops

Early weed control best for soybeans

Don’t wait for every weed to emerge, concentrate on early competition instead weed scientist says

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Glacier FarmMedia – Without weed control, soybean growers would lose hundreds of millions of dollars according to one weed management expert. Peter Sikkema, a professor at the University of Guelph specializing in field crop weed management estimates growers in his home province alone would lose $617 million. His figure is based on a per-bushel price
CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat rebounds off 17-month low

USDA's new WASDE awaited

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Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines,
CBOT May 2023 soft red spring wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat below US$7 on hopes for Ukraine export extension

CBOT corn down, soybeans up

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Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago

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