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CBOT December 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries

CBOT, MGEX December wheats also down

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Chicago | Reuters –– U.S. soybean futures fell to their lowest in nearly two months on Friday and corn set a near one-month low on macroeconomic concerns along with beneficial rains in the western Midwest and Plains, analysts said. Soyoil futures fell more than five per cent on reports that the U.S. Environmental Protection Agency […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Hay, Weather

Plans afoot to move hay from East to drought-hit West

CFA, BFO spearheading Hay West-style initiatives

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Farm groups are spearheading new plans to get livestock feed from Eastern Canada to drought-damaged regions of the western provinces and northwestern Ontario. Details are still pending, but the Canadian Federation of Agriculture (CFA) announced Aug. 12 it has started work on a “Hay West” initiative to get surplus hay “to those struggling in the […] Read more
(Marathonpetroleum.com)
Crops, Reuters, Soybeans

Fuel firm Marathon buys in on ADM soy crush plant

Marathon to process biodiesel from North Dakota plant's soy oil

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Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils. A joint-venture soybean […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy sag on broad commodities weakness

Forecasts call for rain in northwestern U.S. Midwest

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Chicago | Reuters — U.S. corn and soybean futures fell about 2.5 per cent on Thursday, following broad declines in commodities including crude oil and metals tied to fears about slowing global growth, analysts said. Pressure also stemmed from forecasts for rains in northwestern portions of the Midwest that could improve production prospects, particularly for […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

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The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more
A barley crop south of Ethelton, Sask. on July 30, 2019. The Sask Stock Growers Association is calling for non-dwarf cereal varieties better suited to drought, a satellite-based forage insurance program, as well as other measures to enable producers to manage drought risks and make challenging business decisions.
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: New crop expected to stabilize feed prices

Drought will drag Prairies' yields much lower

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MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness, […] Read more
Alfalfa looper larva. (CanolaCouncil.org)
Crops, Reuters

U.S. to ban use of chlorpyrifos on food crops

Cancellation already scheduled for most outdoor use in Canada

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UPDATED, Aug. 25 –– Chicago | Reuters — The U.S. Environmental Protection Agency on Wednesday said it will ban the use on food crops of chlorpyrifos insecticide, which has been linked to health problems in children. The decision is a victory for environmental activists who have fought to stop the use of the chemical that […] Read more
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola remains expensive

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MarketsFarm — Concerns over the likelihood of a much smaller canola crop than previously anticipated, coupled with a very tight supply situation, continued to underpin values this week. That price rationing in turn has kept canola more expensive than other edible oils, according to trader Keith Ferley of RBC Dominion Securities in Winnipeg. “The market […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on technicals, U.S. weather

Wheat, corn futures end firm

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Chicago | Reuters — U.S. soybean futures fell Wednesday on technical selling and forecasts for welcome rains in northwestern portions of the U.S. Midwest, but wheat and corn futures edged higher. Chicago Board of Trade November soybeans settled down 8-1/4 cents at $13.53-1/4 per bushel (all figures US$). CBOT December wheat ended up 2-3/4 cents […] Read more

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