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Barley, Crops, Markets

Feed weekly outlook: Seasonal restrictions underpin grains

Coronavirus fallout being watched

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MarketsFarm — Seasonal weight restrictions and spring road bans are providing some underlying support for feed grain bids in Western Canada, with the COVID-19 coronavirus outbreak also being followed closely. “Winter weights are coming off, which is restricting the areas (feedlots) can pull from,” said Allen Pirness, of MarketPlace Commodities in Lethbridge, adding “there’s a […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firm, corn flat as financial markets steady

CBOT soybean futures sag

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Chicago | Reuters — U.S. wheat futures closed fractionally higher on Friday and corn ended flat, stabilizing as wider financial markets regained some ground after plummeting on fears of the economic fallout from the global coronavirus outbreak. But soybean futures fell, hitting life-of-contract lows as crop weather in South America improved, bolstering expectations of large […] Read more
File photo of a tobacco crop in Zimbabwe. (Munya Chawora/iStock/Getty Images)
Crops, Reuters

Zimbabwe offers land as compensation for 800 seized farms

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Harare | Reuters — Zimbabwe’s government will offer land as compensation for nearly 800 farms it seized under its land acquisition policy since 2000, according to regulations published on Thursday. Under former President Robert Mugabe, Zimbabwe took over some 5,000 farms, mostly from white farmers, saying the policy was meant to address colonial imbalances. But […] Read more
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy drop to six-month lows

Wider markets sell-off continues

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Chicago | Reuters — U.S. corn and soybean futures fell to six-month lows on Thursday as another rout on Wall Street underscored uncertainty about economic fallout from the coronavirus pandemic as well as demand for agricultural commodities, analysts said. Wheat futures followed the weak trend. Chicago Board of Trade May corn settled down 8-3/4 cents […] Read more
(Ablokhin/iStock Editorial/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Markets focused on virus, oil prices, stocks

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MarketsFarm — From where Steve Georgy sits, commodity markets such as the Chicago Board of Trade (CBOT) are currently focused on only three things. One is the COVID-19 coronavirus — specifically, how the global outbreak affects commodity markets, especially if it results in “the slowing down the movement of grain, the slowing down the movement […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat decline as Wall Street tumbles

Chicago soy turns lower

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Chicago | Reuters — Chicago corn and wheat futures declined on Wednesday, following as Wall Street equity markets fell sharply on fears of the coronavirus causing a global recession and a lack of immediate U.S. measures to counter the economic fallout. Soybean futures turned lower, erasing early advances tied to a pick-up in export demand […] Read more
(File photo courtesy Canola Council of Canada)
Canola, Crops, Markets

USDA adjusts world rapeseed stocks estimates

Canadian carryout pegged above AAFC's estimate

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MarketsFarm — World rapeseed ending stocks are forecast to tighten slightly in 2019-20 compared to earlier projections, according to an update from the U.S. Department of Agriculture’s Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, down from the February estimate […] Read more
Pinto beans. (Vergani_Fotografia/iStock/Getty Images)
Crops, Markets, Pulses, Soybeans

Pulse weekly outlook: Bids underpin Manitoba edible bean area

Province's soybean acres expected to fall

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MarketsFarm — Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices heading […] Read more

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