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(Dave Bedard photo)
Crops, Markets

Canada’s wheat ending stocks projections raised

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MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout
CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybean futures hit 2018 highs as supplies tighten

USDA cuts domestic soy ending stocks; traders expect more demand from China

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Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest prices since March 2018 after the U.S. Department of Agriculture on Friday said inventories will dwindle to a five-year low. Corn futures advanced to a one-year high, while wheat futures slumped in a setback from a five-year high reached on Thursday.
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA’s WASDE bullish for soy, corn, wheat

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MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523
(JohnnyMad/Getty Images)
Crops, Markets

Low acreage buoys mustard seed prices

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MarketsFarm — Spot prices for mustard seed on the Prairies have trended higher, due to consecutive years of low seeded acreage. In 2020, about 256,500 acres of mustard seed were planted, down about 36 per cent from the previous year. Walter Dyck, seed division manager for Olds Products, mentioned it’s the second time in 20
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

AAFC lowers wheat carryout estimate, raises canola

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MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in
(USDA.gov via Flickr)
Crops, Markets

USDA lowers soy, corn yield expectations

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MarketsFarm — Adverse weather over the past month cut into the yield prospects for soybeans and corn in the U.S., according to updated estimates released Friday from the U.S. Department of Agriculture. Average soybean yields in the country are now forecast at 51.9 bushels per acre. That was down from the August estimate of 53.3
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans, corn up after USDA confirms massive U.S. crops

Traders assessing damage from Midwest storm Monday

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday as short-covering and position-squaring emerged after the U.S. Department of Agriculture confirmed expectations for massive crops, traders said. USDA, in a monthly report, said U.S. farmers will reap their biggest corn harvest and second-biggest soybean harvest, thanks to favourable weather.
(USDA.gov via Flickr)
Crops, Markets, Weather

U.S. farmers to harvest record-large corn crop, second-largest soy crop, USDA says

Estimates don't include impact of recent Midwest storm

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Chicago | Reuters — U.S. farmers will reap their biggest corn harvest and their second biggest soybean harvest this fall as good summer weather shepherded the crops through key phases of development, the U.S. Agriculture Department said on Wednesday. The crop outlooks, which also included average yields for both corn and soybeans as the largest
(Dave Bedard photo)
Crops, Markets

July supply/demand report shows just minor revisions

Canola, wheat ending stocks down

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MarketsFarm — Updated supply/demand estimates released Friday by Agriculture and Agri-Food Canada include only minor revisions from the previous report, taking into account revised acreage estimates Statistics Canada released at the end of June. Canola ending stocks for the current marketing year were lowered by 100,000 tonnes, to 2.5 million tonnes. Meanwhile, projected 2020-21 canola

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