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Statistics Canada’s latest crop production estimates report pegged the country’s 2019 canola harvest at only 18.65 million tonnes.
Grain Markets, Markets

StatsCan report tells tale of poor harvest conditions

Fundamentals could soon favour canola values

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ICE Futures canola contracts started the first week of December by falling to their lowest levels in three months, as losses in outside vegetable oil markets spilled over to weigh on values. However, values recovered off of those lows by the end of the week, with the impact of the poor harvest finally showing up
Corn is testing on the lighter side this year, leading to producer concern.
Cereals, Markets

What factors influence corn test weight?

Drying can increase the number, but drying at too high temperatures can limit the gain

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Poor growing and harvesting conditions this year have producers concerned about the test weight of their corn. “Many factors influence the measured test weight of corn, including the physical characteristics of the kernel such as size, density, shape and surface of the kernel,” says Ken Hellevang, North Dakota State University Extension agricultural engineer. Hybrid differences
CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: WASDE yields mixed results

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MarketsFarm — World agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) have turned out largely bullish for wheat values, bearish for corn and neutral for soybeans on the Chicago Board of Trade (CBOT). The report, released Tuesday, lowered U.S. wheat stocks by 40 million bushels to total 947 million tonnes,
CBOT March 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy, corn firm on trade deal hopes

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Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary
Standing corn west of Giroux, Man. on Oct. 21, 2019. (Dave Bedard photo)
Crops, Weather

StatsCan shows corn, soy output down across board

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Despite increases in Ontario’s harvested acres for both soybeans and corn, the province’s production of both crops in 2019 followed the rest of Canada’s lower in Statistics Canada’s latest estimates. StatsCan’s November estimates for production of principal field crops, released Friday, dropped Canada’s production of soybeans to six million tonnes, down 18.5 per cent from
CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybean futures set two-week high

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Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the
CBOT January 2020 soybeans (candlesticks) with January 2020 soymeal (yellow line). (Barchart)
Crops, Markets

U.S. grains: Soy futures follow rally in soymeal

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Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on
CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy rises on trade hopes

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Chicago | Reuters — U.S. soybean futures rose on Wednesday, buoyed by renewed optimism about a U.S.-China trade deal as well as some bargain buying, traders said. Corn futures were lower, giving up early gains on technical selling, while wheat futures firmed after two days of sharp declines. Investors were reassured by a Bloomberg report

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