Crop futures sag on improved Argentina crop moisture

Crop prices were generally lower Monday as weekend rain in Argentina reduced worries about early crop damage in that country. More rain is in the forecast. Oilseeds, including canola, were also pressured by the slow pace of U.S. soybean exports. Corn and wheat set new contract lows, weighed down by ample supplies. OUTSIDE MARKETS Light […] Read more

Canola futures fairly steady even with bigger crop estimate

Crop futures drifted a little lower on Friday, given the dominant market sentiment that supplies of the major grain and oilseeds are ample. But even while Statistics Canada this week increased its estimate of the canola crop by eight percent to 21.3 million tonnes compared to September estimate, canola futures have barely budged over the […] Read more

Canola drifts lower, weighed down by falling soy

Strong weekly U.S. soybean exports Thursday were not enough to stop the oilseed’s contract falling, which dragged down canola. Soybeans fell a little more than one percent mostly on profit taking and canola was down 0.4 percent. Statistics Canada increased most of its crop forecasts in Wednesday’s report, which weighed on canola and wheat. StatsCan […] Read more

U.S. may launch public climate debate in January

WASHINGTON, Dec 7 (Reuters) – The U.S. Environmental Protection Agency could launch a public debate about climate change as soon as January, administrator Scott Pruitt said on Thursday, as the agency continued to unwind Obama-era initiatives to fight global warming. The agency had been working over the last several months to set up a “red […] Read more

Ukraine’s parliament extends ban on farm land sales

KIEV, Dec 7 (Reuters) — The Ukrainian parliament voted on Thursday to extend a ban on the sale of agricultural land by one year, delaying what financial backers say is a key reform essential to Ukraine’s long-term economic growth. The bill was backed by 236 lawmakers, narrowly over the 226 required to pass. Currently Ukraine’s […] Read more

Argentine drought threatens to wallop late-planted corn and soy

CHIVILCOY, Argentina, Dec 6 (Reuters) — Juan Graneros does not remember the last time he saw rain fall on the soy and corn fields he leases in Argentina’s bread-basket province of Buenos Aires, and he and fellow farmers are starting to doubt they can recover investments made in this year’s crops. A drought that set […] Read more

Canola futures hang on even as crop gets larger

The Statistics Canada canola crop number today was bigger than expected, but the January contract price dropped less than $2 a tonne. Spring wheat futures dropped a little more on a percentage basis but U..S. crop markets were under pressure along with all commodities. TO SEE THE FULL STATSCAN STORY CLICK HERE Commodities on U.S. […] Read more

Canola rises again on dry Argentina

Canola futures rose Tuesday with continuing support from soybeans, that were lifted by concern about dry weather in Argentina. January soybeans rose to close above US$10 a bushel for the first time since Oct. 16. Traders in Canada were waiting in anticipation for Statistics Canada’s final crop report of the year issued tomorrow morning. Watch […] Read more

Brazil soy farmers rely on barter for funding

SAO PAULO, Dec 5 (Reuters) – Soy farmers in Brazil’s grain frontier state of Mato Grosso are relying more on barter then on their own capital to secure crop financing, growers association Aprosoja told Reuters on Tuesday. Based on data compiled by Mato Grosso-based research agency Imea, Aprosoja’s director general, Wellington Andrade, said self funding […] Read more