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China expects higher soybean, corn imports for 2019-20 on rise in U.S. cargoes

By Reuters July 21, 2020

China said on July 10 that it predicted higher corn and soybean imports for 2019-20, as the country was expected to step up purchases from the United States to fulfil the Phase 1 trade deal. Corn imports for the crop year that ends in September are now seen at six million tonnes, up two million

ICE November 2020 canola with 100-day moving average (yellow line) and Canadian dollar (in US$, green line). (Barchart)

Crops, Markets

ICE weekly outlook: Higher loonie, lower canola

By GFM Network News, Glen Hallick - MarketsFarm July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Crops, Markets

CBOT weekly outlook: Weather the key for soybeans, corn

By GFM Network News, Phil Franz-Warkentin July 15, 2020

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk

Pinto beans. (Scott Bauer photo courtesy ARS/USDA)

Crops, Pulses

Pulse weekly outlook: Manitoba edible beans look good for now

Bean growers watching weather

By GFM Network News, Phil Franz-Warkentin July 15, 2020

MarketsFarm — Edible bean crops in Manitoba remain in generally good shape in mid-July, with early indications pointing to solid production on the year. “Overall, they look pretty good,” said Dennis Lange, provincial pulse specialist with Manitoba Agriculture, on the state of dry edible bean crops. The crops had struggled with wind damage early on

Crops, Markets

USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

By GFM Network News, Glen Hallick - MarketsFarm July 10, 2020

MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Crops, Markets, Weather

CBOT weekly outlook: Trade looks to weather for support

By GFM Network News July 8, 2020

MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington

News

Exporters say China soy buyers want guarantee of coronavirus-free cargoes

Observers say that after three weeks at sea, arrival port workers are the likelier source of contamination

By Dominique Patton, Karl Plume July 2, 2020

China’s soybean buyers are asking exporters to sign a letter guaranteeing their cargoes are not contaminated with the novel coronavirus, U.S., Brazilian and Canadian soy industry officials said June 23. China is trying to prevent any risk of new COVID-19 infections from imported goods as it takes aggressive measures to contain a recent spike in

File photo of an Alberta wheat field. (ImagineGolf/E+/Getty Images)

Crops, Markets, Weather

StatsCan survey shows bump up in wheat acres, particularly durum

Farmers back off canola, soybeans; pandemic expected to cause other problems for ag

By GFM Network News, Reuters June 29, 2020

Ottawa | Reuters — Canadian farmers planted slightly more wheat overall in 2020 than in 2019, but the coronavirus outbreak will pose “unique challenges” in the production and distribution of crops, Statistics Canada said on Monday. Farmers planted 25 million acres of wheat, up 1.5 per cent from 2019, thanks in part to a 16.2

Grain Markets, Markets

ICE canola can’t hang on to its recent gains

Canola traders will now turn their attention to the skies

By Phil Franz-Warkentin June 18, 2020

ICE Futures canola contracts ran into resistance during the week ended June 11, repeatedly trying and failing to continue the short-covering rally that had boosted prices off of nearby lows to start the month. Intermonth spreading was a feature, accounting for heavy volumes on occasion, as traders rolled out of the nearby July contract into

Comment, Markets

Comment: U.S. soy exports to China at 16-year lows so far in 2020

With prices very competitive however, lofty total-year sales forecasts may still be attainable

By Karen Braun June 17, 2020

Reuters – U.S. soybean exports had a dismal April performance and possibly an even worse showing in May as shipments to China remain historically low, but corn exports hit a one-year high in April and improved on those volumes last month. Soybean sales were relatively strong in May and that could continue since the U.S.

Daily Network News

Southern California honeybees show resistance to varroa mites

Pulse Weekly: SaskPulse optimistic despite input, crop price concerns

Canadian aquaculture should be classed as agriculture, industry groups say

Tag Archives Soybeans

China expects higher soybean, corn imports for 2019-20 on rise in U.S. cargoes

ICE weekly outlook: Higher loonie, lower canola

CBOT weekly outlook: Weather the key for soybeans, corn

Pulse weekly outlook: Manitoba edible beans look good for now

USDA’s July WASDE has little effect on markets

CBOT weekly outlook: Trade looks to weather for support

Exporters say China soy buyers want guarantee of coronavirus-free cargoes

StatsCan survey shows bump up in wheat acres, particularly durum

ICE canola can’t hang on to its recent gains

Comment: U.S. soy exports to China at 16-year lows so far in 2020

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