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Soybeans

(Pabradyphoto/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Weather outweighs U.S. Fed rate hike announcement

'People are returning to the Argentine situation'

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MarketsFarm — Week-long rallies for grain futures on the Chicago Board of Trade (CBOT) were disrupted by the U.S. Federal Reserve’s latest key interest rate announcement on Wednesday. The Fed revealed it is raising its key interest rate by 25 basis points in its ongoing fight against inflation. While the central bank acknowledged inflation is
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soy sags as Brazil’s harvest looms

Wheat mixed, corn ends firm

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Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures firm; technical resistance weighs

Chicago soybeans up, corn down

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Chicago | Reuters — Chicago wheat futures gained on Tuesday as traders eye winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season, though futures struggled against technical resistance. Soybeans futures ended up, though prices were pressured by a correction in the soymeal charts, traders said. Corn futures ended lower,
“The little worm gets inside the root and injects something into the vascular tissue of the plant. This actually changes the biology of those plant cells and they start producing food for the nematode. It’s fascinating.” – Greg Tylka, Iowa State University.
Crops, Oilseeds, Pulses

SCN: The new tough guy on the block

Soybean cyst nematode’s survival mechanisms make it difficult to monitor and control

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Soybeans arrived in Manitoba in the early 20th century, but it took another 100 years for them to become a major crop. Now, almost two decades into the 21st century, an old enemy from the homeland has finally followed. Soybean cyst nematode (SCN) is already a serious pest in the soybean belt of the American Midwest. It is
“Don’t be happy to have one set of resistance genetics available for your farmers. Keep working to develop that second one because that first one will eventually wear out.” – Greg Tylka, Iowa State University.
Crops, Oilseeds, Pulses

Tracing roots for a strategy against soybean cyst nematode

How soybean ancestors helped scientists tease out SCN resistance

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If there’s an answer to soybean cyst nematode, it may lie in the soybean family tree. Soybean cyst nematode (SCN) has been a tough problem since it first appeared in North America back in the 1950s. It’s a soil-bound pest so it can’t be sprayed. Instead, the solution must be found through biology—finding a weak
(Dave Bedard photo)
Crops, Markets

Spec short position grows in canola

Managed money net long in soy, corn

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MarketsFarm — Speculators were busy adding to their growing net short position in canola during the week ended Jan. 24, according to the latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 32,625 contracts on Jan.
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans firm as Argentina drought worries persist

Cold snap in U.S. brings renewed wheat damage fears

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Chicago | Reuters — Chicago soybeans climbed on Monday, underpinned by concern that drought-damaged crops in Argentina could face more dry weather. Wheat inched higher after climbing to four-week highs earlier in the session on fears a cold snap in U.S. grain belts could lead to crop damage, while potential escalations in the Russia-Ukraine war
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures weak, corn firm

Wheat mixed ahead of weekend

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Chicago | Reuters — U.S. soybean futures fell on Friday on expectations that recent rains in Argentina boosted crop potential from that key South American exporter, traders said. Wheat futures were mixed, with the most-active Chicago Board of Trade soft red winter wheat contract sagging on position squaring after notching its biggest weekly gain in
News

Cargill, Viterra ship Brazil soy to Argentina early

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Reuters – Global grain traders Cargill and Viterra appear as charterers of two vessels to be loaded with Brazilian soybeans for delivery in Argentina over coming weeks, according to shipping data. Cargill’s Interlink Fortuity vessel is expected to arrive on Jan. 25 at the port of Santarem in northern Brazil and set sail on Feb.
A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)
Crops

Imperial Oil clears Edmonton renewable diesel plant for construction

Quick decision motivated in part by need for feedstocks such as canola oil, company says

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Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for

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