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CBOT September 2023 soft red winter wheat with 20-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat surges on slow harvesting, poor crop conditions

Corn hits 2-1/2-year low and ends mixed, soy mostly firm

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Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week lows. The wheat rally pulled corn up from 2-1/2-year lows despite expanded plantings and recent rains that lessened concerns about drought-reduced yields. Soybeans firmed on […] Read more
File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)
Crops, Markets, Weather

Rapeseed production expected down in EU

USDA attache sees more soy, sunflower

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MarketsFarm — Rapeseed production in the European Union (EU) is expected to see a small decrease in the 2023-24 marketing year, according to the U.S. Department of Agriculture’s (USDA) European Union attaché in Vienna. In a Global Agricultural Information Network (GAIN) report released Wednesday, the EU’s 2023-24 rapeseed crop is expected to total 19.3 million […] Read more
File photo of a rapeseed field in India. (Amlanmathur/iStock/Getty Images)
Canola, Crops, Weather

India’s rapeseed output to be steady

El Nino may be a spoiler

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MarketsFarm — Rapeseed production in India has been forecast to remain quite consistent, according to the U.S. Department of Agriculture (USDA) attaché in New Delhi. The attaché projected rapeseed production for 2023-24 to hold at 11.5 million tonnes, the same in 2022-23. USDA’s official numbers placed India as the world’s No. 4 producer of rapeseed, […] Read more
File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Crops, Soybeans, Weather

Argentina soybeans expected to go from horrible to great

El Nino expected to improve growing conditions

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MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more
File photo of a soybean field in Argentina. (Federico Weyland/iStock/Getty Images)
Crops, Markets, Reuters, Soybeans, Weather

Vast tracts of drought-hit Argentine soy fields seen going unharvested

Yet more cuts to production possible

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Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy sags as Brazil’s harvest looms

Wheat mixed, corn ends firm

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Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while […] Read more
File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea prices up ahead of India harvest

Early outlook calls for more Canadian acres in 2023

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MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)
Corn, Crops, Markets, Reuters, Soybeans, Weather

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

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Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45 […] Read more
(Greg Berg photo)
Crops, Markets, Pulses, Soybeans, Weather

Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy

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MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
File photo of the Rainbow Bridge across the Niagara River between Ontario and New York. (Bloodua/iStock/Getty Images)
Crops, Markets

Large gap between StatCan, USDA canola estimates

USDA sticks closer to StatCan expectations on wheat

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MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more

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