Winnipeg,(MarketsFarm) – Corn and soybean yields in the United States ended up slightly better than earlier expectations, according to updated production estimates from the U.S. Department of Agriculture released last week. Corn yields were upped to 168 bushels per acre, from 167 bu/ac in the December report. Meanwhile soybean yields were raised by half of […] Read more
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A lot of soy, a little rice: China’s historical U.S. agricultural purchases
(Reuters) – The United States and China are due to sign a Phase 1 trade deal on Jan. 15 that U.S. officials have said will include a vow by China to buy an additional $32 billion in U.S. farm goods over the next two years. China has not confirmed Trump’s goal of $40 billion to […] Read more
Hopes for spike in U.S. farm exports to China dim ahead of trade deal signing
CHICAGO/BEIJING, (Reuters) – Days before a U.S.-China trade deal is due to be signed, large Chinese purchases of Brazilian soybeans and a pair of unexpected policy moves by Beijing have dimmed U.S. hopes that China would double its imports of American farm products this year. U.S. President Donald Trump has touted the prospect of China […] Read more
Solid crush more than makes up for slow Canadian canola exports
Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more
Hemp CBD bubble may have burst
In North America’s hemp industry, 2019 may be remembered as the year that the CBD craze hit its peak. The obsession with growing hemp for CBD, or cannabidiol, was impossible to miss at farm conferences and hemp trade shows across North America last year. Jeff Kostuik remembers the enthusiasm for CBD at those meetings, particularly […] Read more
Canaryseed on the rise; more rallies may be to come
This could be the year the canaryseed market fully absorbs the “hidden inventory” that has been weighing down prices for years, say industry officials. Prices have climbed to 30 cents per pound as the inventory dwindles and that appears to be a trigger point for those who have been sitting on the crop. Lucas Sutherland, […] Read more
Phosphate prices become attractive for producers
Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne
Now is a good time to buy phosphate fertilizer, say industry experts. Phosphate prices in New Orleans, Louisiana, (NOLA) in late December 2019 were the lowest they have been since December 2006. The NOLA price is considered the starting price for North American phosphate. It was about US$240 per tonne at the end of 2019, […] Read more
Palm oil leading the way higher for oilseed prices
Canola futures rallied in December, climbing to the upper level of the price range in place since the end of summer, but still lower than what they were at the same time last year and arguably disappointing considering the sharp rally in soybean oil. From the beginning of December to Jan. 3, March soy oil […] Read more
Lower soybean and corn prices for 2020: analyst
INDIANAPOLIS, Indiana — Soybean and corn prices will either be steady or lower in 2020 as production in the United States is expected to improve, according to a market analyst. The predictions largely assume that the growing season will be good, that a U.S.-China trade deal might not be reached and African swine fever (ASF) […] Read more
Demand holds steady for 2019-20 wheat crop
The second half of the 2019-20 marketing campaign is shaping up to be a good one for wheat, says an analyst. “The demand for North American wheat will be probably fairly strong here,” said Bruce Burnett, analyst with MarketsFarm. “We’re going to see export shipments pick up.” Shipments are already decent with 6.1 million tonnes […] Read more
