CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans bounce on chance of Argentina export limits

Coronavirus fears remain anchor on commodities prices

Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and



File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)

Argentina ag ministry suspends registration of exports

Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary



Members of Grain Farmers of Ontario sport a banner outside a provincial cabinet minister’s office in 2015. (File photo by Ralph Pearce)

GFO quits Grain Growers of Canada

Grain Farmers of Ontario flags national group's 'governance' and structure

Grain Farmers of Ontario has dropped out of Grain Growers of Canada. The Ontario organization, which represents about 28,000 barley, corn, oat, soybean and wheat farmers in the province, cited a lack of representation in the national policy group. GFO publicly announced its withdrawal in a news release on Thursday, days after it informed the

ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola correcting off lows

MarketsFarm — The ICE Futures canola market fell sharply over the last half of January but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” MarketsFarm Pro analyst Mike Jubinville said of the recovery in canola. The March contract hit a session low


(Ablokhin/iStock Editorial/Getty Images)

CBOT weekly outlook: Corn, soybeans under pressure

MarketsFarm — Market participants on the Chicago Board of Trade (CBOT) are waiting to see how China’s novel coronavirus outbreak will impact commodity demand and the global economy. As of Wednesday, confirmed cases neared 25,000 and the death toll was close to 500. In the midst of dealing with the mounting public health crisis, China

File photo of canola under snow in October 2016. (Lisa Guenther photo)

Unharvested crops skew StatsCan stocks data

MarketsFarm — Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because of poor weather conditions during


(Dave Bedard photo)

U.S. EPA reaffirms glyphosate does not cause cancer

Chicago | Reuters — The U.S. Environmental Protection Agency said on Thursday it finished a regulatory review that found glyphosate, the most widely used herbicide in the United States, is not a carcinogen. The conclusion reaffirms the agency’s stance on glyphosate, the key ingredient in Bayer’s Roundup, despite judgments by U.S. juries that have found

CBOT March 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

CBOT weekly outlook: Soybeans oversold

MarketsFarm — Sharp losses in Chicago Board of Trade soybeans over the past month are looking overdone, according to an analyst who expects the lows may be in for the time being. March soybeans lost roughly 60 U.S. cents per bushel since the beginning of January, with the latest concerns over the coronavirus in China