Despite soybean’s retreat, canola remained in positive territory. The bigger oilseed has remained in surplus as the Sino-American trade frictions wear on. Monday’s USDA crop condition report put half the American crop in good-to-excellent range, 35 percent in fair and 12 percent in poor-to-very-poor condition. The American soybean crop has seen significant weather delays. USDA […] Read more
Stories by Michael Raine
How about that weather – market?
The weather market has settled in nicely. With every forecast and sunny hour the market swings up or down, the persistent sideways-across-the-bottom of last year appears to have gone on summer holidays. Last week’s gains of a few points on most crops saw those taken back as markets moved on favourable weather for crops, warm, […] Read more
Heat, shorts and covering raises crops
Canola rose on American soybean trades as the market in Chicago appeared to be busy covering short positions on the big oilseed. Combined with hot and dry weather in the region and the coming forecasts for the Midwest soybeans were up 20.25 US cents per bushel for August, September and November contracts. Soybeans finished the […] Read more
Normal frost dates threaten delayed crops
Weather is running the North American commodity markets for now, as current supply and demand takes the backseat and farmers plan for a normal fall progression. “The markets will look to the weather every week now,” says Arlan Suderman, chief commodities economist at brokerage INTL FCStone. The U.S. National Oceanic and Atmospheric Administration declared the […] Read more
Grain commodities up after WASDE
Prices were up across the board today, as the latest USDA estimates showed smaller wheat crops in Europe, projected smaller corn and bean crops in the United States and relatively flat production globally for soybeans and corn. Elevator prices for canola in northwestern Saskatchewan rose slightly, to reach $420.78 per tonne, about $9.54 per bushel, […] Read more
Canola gains, others wait on WASDE
July canola finished up $7.90 per tonne, while the rest of the contracts fell on the day, down between $3.30 in nearer months and $2.30 in later ones. July settled at $448.90, playing catch up from a soft day on Tuesday for July and stronger ones for the remainder of the contracts. On American markets […] Read more
Canola up, while cereals fall on good weather
November canola finished up 80 cents to $448.10 per tonne on the ICE futures market. January improved 90 cents to finish $454.90 and reaching out to May 2020 things improved $1.90 on the day, pushing it to $468. Wheat and corn took a hit to prices as those futures felt the pressure of a wide […] Read more
Brandt offers new and improved
Regina company uses Canada’s Farm Progress Show to kick off a large launch of belts, carts and new tools
REGINA — Five new products released at one show “was a lot of new stuff. But these were needs in the marketplace, things farmers were asking for.” Taylor de Gooijer of Brandt Industries said the number of new products that his company brought out at Regina’s Farm Progress Show kept the short-line company’s staff busy, […] Read moreFarm show more than just about numbers
Farm shows are a barometer of the industry. And, despite the Regina show’s smaller size relative other years, it provided some insights. Placing the success or failure of a show, such as last week’s Canada’s Farm Progress Show in Regina, based on farmer turn-out and numbers of exhibitors into perspective is important. As a business […] Read more
Corteva opening its doors to the world
NEW YORK — Leaving the doors open hasn’t been the typical strategy for crop input companies, big or small. However, crop genetics and protection company Corteva Agriscience has a plan to change that as it charts its own path as a standalone, public company. The combination of keeping proprietary business information tightly held in a […] Read more
