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

U.S. grains: Soybeans slip off peak, end mostly firm

Corn, wheat dip; strong demand, tight supply limit losses

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Chicago | Reuters — U.S. soybean futures ended mostly firmer on Thursday as late-session buying amid worries over tightening supplies offset earlier profit-taking and technical selling that had dragged prices down from four-year peaks. Corn and wheat retreated after prior-day increases as investors pocketed some gains. Chicago Board of Trade (CBOT) January soybean futures ended […] Read more
Cherilyn Jolly-Nagel. (GGC video screengrab)
Crops, Markets

Grain Growers of Canada lobby Parliament Hill

Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says

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Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain […] Read more
CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and CBOT January 2021 soyoil (yellow line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans hit fresh four-year peak on tightening supplies

Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn

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Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Markets, Peas, Pulses

Pulse weekly outlook: Strong demand supporting pea prices

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MarketsFarm — There has continued to be a strong demand for peas, as demonstrated by data from the Canadian Grain Commission. And that has been supporting price increases, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “The overall demand has been very, very good,” she said. In the most recent export data […] Read more
(Dave Bedard photo)
General, Markets

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

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Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)
Barley, Crops, Markets, Reuters

Barley trade routes redrawn as China tariff hits Australian farmers

China's barley purchases from Canada more than double last year's

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Sydney/Paris | Reuters — Out in Australia’s grain fields, farmers have started harvesting one of their biggest-ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks. Yet the tractors are working under the cloud of a new tariff imposed by China — seen widely as retaliation for Australia’s push […] Read more
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm on export demand, record crush

Rising energy, equities markets give grains additional lift

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Chicago | Reuters — U.S. soybean futures rose for a second straight session on Monday, holding near a more than four-year high hit last week, on strong demand from top buyer China and data showing the U.S. soy crush pace hit an all-time high last month. The strong demand stoked worries about thinning supplies of […] Read more
(File photo)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: High demand keeps bids strong

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MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more
(OceanFishing/iStock/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply

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MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
(Serts/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

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MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more

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