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Crush margin stays wide despite decent canola prices
Grain Markets, Markets

Crush margin stays wide despite decent canola prices

Watch soybeans for an indication of future market direction

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The ICE Futures canola market was strong during the first week of October, but ran into resistance from a chart perspective. The November contract was hard pressed to move above $530 per tonne, despite trading just below the psychological point on a number of occasions. A break above there would set the stage for a
(Jack Dykinga photo courtesy ARS/USDA)
Crops

Brazil millers oppose sale of GMO wheat

Importing costs would rise, Abitrigo says, as Argentina approves new wheat

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Sao Paulo | Reuters — Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market. The statement comes after Argentine authorities approved a new genetically modified wheat that can resist drought
CBOT November 2020 soybeans with 20-, 100- and 200-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans up on Chinese buying, Brazil weather

Chicago corn, wheat end higher after mixed day

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Chicago | Reuters — Chicago soybean futures climbed on Wednesday, supported by renewed exports and dryness in top exporter Brazil, traders said. Corn and wheat futures ended higher after trading both sides of even as markets digested conflicting indicators. The most active soybean contract on the Chicago Board of Trade gained 12-1/4 cents to $10.56-1/4
CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans rebound from prior day’s plunge

Wheat flat as stronger dollar offsets dryness concerns; corn up on exports to Mexico

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Chicago | Reuters — Chicago soybean futures rose on Tuesday, a day after the market’s largest drop in six months slowed a rash of farmer selling, traders said. Chicago wheat futures rose slightly but were capped by a strong U.S. dollar, while CBOT corn gained on fresh export sales to Mexico. CBOT November soybeans closed
Markets, News

Ukraine grain exports down so far in 2020/21 season

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Ukraine’s grain exports fell 11.2 per cent in the first three months of the 2020/21 July-June season to 11.78 million tonnes, the economy ministry said Sept. 30. The volume included 4.258 million tonnes of grain exported in September, the ministry’s data showed. The data showed that the overall export volume included 8.2 million tonnes of
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans fall as harvest pressure fills bulls’ void

Corn follows soybeans lower; wheat ends slightly higher

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Chicago | Reuters — Chicago soybean futures dropped sharply on Monday, as harvest pressure pushed the market lower, traders said. Corn followed soybeans lower, while wheat ended slightly higher on concerns that dryness across the U.S. Great Plains might limit winter wheat growth. Chicago Board of Trade most-active soybeans fell 31-3/4 cents to $10.33-3/4 per
Two publicly developed high-yielding wheat varieties have been removed from a trial of variety use agreements after producer groups protested. At the same time, those groups have agreed to fund new research.
News

Two new AAFC wheats pulled from VUA trial

The inclusion of the publicly funded varieties was undermining stakeholder relations

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Two new high-yielding milling wheats coming to market this fall won’t be subject to variety use agreements (VUA). AAC Wheatland VB and AAC Starbuck VB are much anticipated because they’re seen as the next big thing, making their inclusion in the VUA trial a brewing controversy. Dropping the varieties is accompanied by a new agreement
AAC Wheatland, AAC Starbuck outyield AAC Brandon
Crops, News

AAC Wheatland, AAC Starbuck outyield AAC Brandon

Seed growers who have tried these two varieties already have reported excellent results

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Two new high-protein milling wheats from Agriculture and Agri-Food Canada (AAFC), AAC Wheatland VB and AAC Starbuck VB, outyield Western Canada’s most popular wheat by six to eight per cent, according to variety-registration trials. Both are in the premium Canada Western Red Spring (CWRS) class. Certified seed will be available to western Canadian farmers through

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