A farmer prays to mark the 551st birth anniversary of Guru Nanak Dev, the first Sikh Guru and founder of Sikh faith, at Singhu border near Delhi on Nov. 30, 2020, at the site of a protest against newly passed farm bills. (Photo: Reuters/Danish Siddiqui)

India offers to suspend farm reforms

Farmers may call off protests

New Delhi | Reuters — India’s government on Wednesday offered to suspend implementation of three new farm laws that have triggered the biggest farmers’ protests in years, which farm union leaders said they would now consider calling off. The cornerstone of the reform, introduced in September, allows private buyers to deal directly with farmers. Angry […] Read more



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

CBOT weekly outlook: Soy, corn turn bearish

Traders keep an eye on South America

MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more

CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans fall, pressured by fund selling

Brazil, Argentina showers ease soy, corn supply concerns

Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more


(4loops/iStock/Getty Images)

Pulse weekly outlook: Green, yellow pea prices reach parity

Lower-priced green peas meet upwardly-mobile yellows

MarketsFarm — Yellow and green pea prices in Western Canada have taken divergent paths to start 2021, with yellow peas on the rise and greens declining as values reach parity in many locations. Mike Jubinville of MarketsFarm Pro explained that while Canada’s pea exports suffered under yellow pea import restrictions implemented by India, China later […] Read more

CBOT March 2021 soybeans with 20-, 30- and 50-day moving averages. (Barchart)

U.S. grains: Soybeans fall on South American rainfall

Russian export tax supports U.S. wheat; corn follows soybeans

Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more



File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)

France backs non-GMO regulation for crop gene-editing in EU

Paris | Reuters — France sees crops developed using gene-editing techniques as different to genetically modified organisms (GMOs) and opposes a European Union court decision to put them under strict GMO regulations, the country’s agriculture minister said. The European Court of Justice (ECJ) ruled in 2018 that mutagenesis, among so-called new breeding techniques (NBT) based […] Read more


Statistics Canada released their final crop survey for 2020 on Dec. 3.

Statistics Canada confirms barley crop

Market Talk with Jerry Klassen

The feed barley market has been percolating higher throughout the fall. While the crop size is marginally higher than last year, stronger Chinese demand has enhanced offshore movement. Strength in corn prices has also spilt over into the world barley market, enhancing export values. The U.S. corn crop has come in smaller than anticipated and […] Read more

(File photo by Dave Bedard)

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more