GFM Network News

More News →

Tag Archives Soybeans

Corn, Crops, Markets, Soybeans

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

By ,
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
Crops, Markets, Reuters

Bunge lifts outlook as quarterly profit nearly doubles

By , ,
Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more
Crops, Reuters, Soybeans

U.S. EPA approves XtendiMax use for five years

Court ruling had blocked dicamba sales

By ,
Chicago | Reuters — The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer herbicide whose sales were blocked by a U.S. appeals court in June, EPA administrator Andrew Wheeler said Tuesday. XtendiMax, a dicamba-based herbicide that is sprayed on soybeans and cotton genetically engineered to […] Read more
Crops

Southwestern Ontario elevator to handle Scoular grain

Martin Farming to take grain at new elevator

By ,
Scoular Co. has set up a new delivery point for southwestern Ontario growers from whom it buys grain. The Omaha-based, privately-held grain firm announced Thursday it has made a deal with Martin Farming — which operates at Paris, just northwest of Brantford — that will direct grain to Martin’s new 22,000-tonne-capacity elevator. The agreement “allows […] Read more
Canola, Crops, Markets

ICE weekly outlook: Canola firm at midweek

By ,
MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s […] Read more
Crops, Markets

USDA’s WASDE bullish for soy, corn, wheat

By ,
MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523 […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Watch for USDA’s corn, soy stocks numbers to decline

By ,
MarketsFarm — Expect ending stocks for U.S. corn and soybeans to be lower in the upcoming supply and demand report from the U.S. Department of Agriculture (USDA), said Scott Capinegro of Barrington Commodities at Barrington, Ill. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) on Friday at 11 a.m. […] Read more
Crops, Reuters, Weather

Study shows how U.S. farm landscapes could be reshaped by climate

Plains' wheat belt would see 'hollowing-out'

By ,
London | Thomson Reuters Foundation — Climate change could render swaths of agricultural land largely useless for farming in the U.S. South, and force Midwestern farmers to move corn and soybeans elsewhere as crop yields decline, researchers said on Monday. The profits of growing six key crops are set to fall by almost a third […] Read more
Crops, Markets, Soybeans

CBOT weekly outlook: Chinese demand leading factor in bullish soy market

By ,
MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending November 20, 2020.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.