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CBOT January 2022 soybeans (candlesticks) with 20-day moving average (dark green line) and ICE January 2022 canola (yellow line, left column). (Barchart)
Crops, Markets

U.S. grains: Soy jumps on USDA’s surprise cut to yield estimates

Traders had expected a higher soy yield; U.S. corn carryout seen lower than last month

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Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures soared on Tuesday after the U.S. Department of Agriculture reduced its estimate for domestic yields, surprising traders who were expecting an increase. USDA pegged production at 4.425 billion bushels on a yield of 51.2 bushels per acre in a monthly crop report. That was
Sovecon raises forecast for Russia’s 2021 wheat crop
Grain Markets, News

Sovecon raises forecast for Russia’s 2021 wheat crop

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Continuing dry weather could hamper winter grain sowing in Ukraine and result in a smaller sown area in Russia, analysts and weather forecasters said Oct. 27. Farmers in Russia, the world’s largest wheat exporter, have so far sown winter grains on 17.5 million hectares for next year’s crop, down from 18.2 million hectares around the
Viterra's Agassiz grain elevator between Winkler and Morden.
News

Grain elevator capacity soaring across the Prairies

The growth in the last four years has been phenomenal — and there’s more to come

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Glacier FarmMedia – The business of building grain elevators is — pardon the pun — on a runaway train. The growth has been, by any measure, phenomenal. In just the last four years, elevator companies have added 1.2 million tonnes of storage — a 16 per cent jump. And that expansion train isn’t slowing down.
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: Feeder market on soft slope

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Compared to last week, western Canadian yearling prices were steady to $2 lower on average while calves traded steady to as much as $4 lower in certain regions; calves under 550 pounds were quoted $3-$6 below week-ago levels. Barley and wheat prices continue to percolate higher, causing a defensive sentiment amongst buyers. Southern Alberta and
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn sag before USDA report

Traders await department's crop and inventory forecasts

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Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday.   Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering
News

MCA begins issuing cash advances on this season’s winter cereals

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Manitoba Crop Alliance will begin issuing cash advances on winter wheat and fall rye planted fall 2021 through Agriculture and Agri-Food Canada’s Advance Payments Program, the organization announced October 12. The Advance Payments Program is a federal loan program administered by the Manitoba Crop Alliance. Under the program, eligible farmers are eligible for up to

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