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CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2) and ICE November 2021 canola (yellow line, left column). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybean futures fall after rain

Chicago corn, wheat futures both mixed

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Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities.
Ceres grew its business in Manitoba last year when it bought Delmar Commodities, including Jordan Mills, a small soybean extrusion plant near Roland, Man.
News, Oilseeds

Ceres Global Ag Corp. making its presence known on the oilseed processing stage

Manitoba will continue to be important in this grain company’s growth, says CEO Robert Day

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Ceres Global Ag, a publicly traded, Minneapolis-based company, was flying mainly under the radar — until recently. But the newcomer grain company made headlines May 25, announcing plans to build a 1.1-million-tonne, US$350-million canola-crushing plant at Northgate, Sask. That move brought the firm into clearer focus for many market participants, and the picture that’s emerged
News, Oilseeds

Ceres’ plan for canola crushing ‘good news’

Crushers are confident canola sector will produce enough product for new capacity

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“Good news all around.” That’s how Chris Vervaet, executive director of the Canadian Oilseed Processors Association (COPA), responded when asked about Ceres Global Ag Corp.’s plans to build a 1.1-million-tonne canola-crushing plant at Northgate, Sask. Earlier this year two other companies announced they will build new plants, and a third announced it was doubling capacity of an existing facility.
ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

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MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating
MGEX July 2021 spring wheat (candlesticks) with CBOT and K.C. July 2021 winter wheats (yellow and green lines). (Barchart)
Crops, Markets

CBOT weekly outlook: MGEX wheat spread widens over winter wheats

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MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures,
(DarcyMaulsby/iStock/Getty Images)
Crops, Markets

Potash partnership with BHP ‘not our focus,’ Nutrien executive says

Prices surging on rising demand, Belarus sanctions

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Winnipeg | Reuters — Canadian potash producer Nutrien is not focused on any potential collaboration with miner BHP Group, a senior Nutrien executive said Tuesday in the company’s first public comments about reports of possible co-operation. BHP has for years been constructing a potash mine at Jansen, Sask., near Nutrien’s six mines in the province.
(Peggy Greb photo courtesy ARS/USDA)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Manitoba dry beans in good shape

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MarketsFarm — Despite temperatures ranging from near-freezing lows to sweltering highs and receiving little precipitation, Manitoba’s dry edible bean crop has weathered the conditions well, according to the province’s pulse specialist. “We’ve had some interesting weather over the last week to two weeks,” Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said, referring to
CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health

CBOT September wheat down, MGEX September wheat up

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Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost
Crop Report, Crops, News

Manitoba crops seeing weather stress, alfalfa weevils causing forage yield losses

Manitoba Crop Report and Crop Weather report for June 22

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Southwest Region Temperatures became more seasonal last week, ranging from 20 to 30 C during the day, with overnight temperatures in most areas of 6 to 11 C. Crop growth has improved with previous weeks’ moisture, but the heat wave in past week stressed many crops. Neepawa area received 6 to 8 mm rain; all

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