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CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy, wheat slide with financial markets

Drop in oil prices adds pressure on corn

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Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Weather

Feed weekly outlook: Soft demand weighs on prices

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MarketsFarm — Feed grain prices on the Prairies remain soft ahead of spring planting, due to quiet demand from feedlots. “Feedlots are full of grain right now,” Brandon Motz of CorNine Commodities at Lacombe, Alta. said, explaining that there’s currently a lot of grain in feeding pipelines. “Spring replacement into feedlots has been really slow.”
(ImagineGolf/E+/Getty Images)
Crops

Ag chem industry watching COVID-19’s spread

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MarketsFarm –– China is a major producer of agricultural chemicals — and disruptions to production would have a ripple effect on North American supplies of crop protection inputs, such as herbicides and insecticides. Plant closures and transportation issues due to the spread of COVID-19 coronavirus are being followed closely, but the Canadian industry is reportedly
CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Virus worries, export sales drag on soybeans

Corn down on rising U.S. ethanol stocks

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Chicago | Reuters — U.S. soybean futures fell on Thursday on poor export demand coupled with declines in global equity markets tied to worries about an economic slowdown due to the COVID-19 coronavirus, analysts said. Corn followed soybeans lower while nearby Chicago Board of Trade wheat futures clung to modest gains, supported by inter-market spreading.
A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4, 2018. (File photo: Reuters/Chris Wattie)
Crops

Canopy Growth to shut two B.C. greenhouses, cut 500 jobs

Niagara greenhouse plans also shelved

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Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also said it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ont. Canopy had said last month it aims to focus on reducing costs,
Wheat leaf rust. (James Kolmer photo courtesy ARS/USDA)
Crops

Digital supercluster backs precision fungicide development

Project aims at wheat leaf rust, reducing pesticide load

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A West Coast ag tech company in the crop pest control business is setting its sights on wheat leaf rust, with support from one of Canada’s five research superclusters — but not the cluster you might expect. Out of the five federally-supported superclusters launched in early 2018, Protein Industries Canada has been most closely linked
CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

CBOT weekly outlook: Soybeans, corn recover

More gains possible

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MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of

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