The weather outlook appears challenging for the world’s largest exporter of corn and soybeans, which has ramifications for the entire grains and oilseeds complex. It is already much drier than normal in central and northeastern Brazil and the forecast calls for more of the same. A probability forecast prepared by the Columbia Climate School International […] Read more
Tag Archives Soybeans — page 8
El Nino in South America will affect likely oilseed prices
North American crops are in the bin after a mostly warm and dry combining season, and market prices are near harvest lows. That means our eyes now turn to South America, where the world’s next big crops are being seeded, to look for issues that might spark a price rebound. The prices of many major […] Read more
Soy oil price continues to slide
A technical analysis had DTN lead analyst Todd Hultman thinking soybean oil futures were going to finish October by closing above the 20-day average of US54 cents per pound. That would have signaled a bottoming out in prices and a bullish change in short-term momentum. That did not happen. Prices continued to fall, closing at […] Read more
El Nino should benefit South American crops
South American crop production should benefit from the El Nino weather phenomenon that is expected to be in place through the northern hemisphere winter, says an analyst. It will be a welcome reprieve from three consecutive years of La Nina, especially in Argentina, which is still recovering from the worst drought in 60 years. “Their […] Read more
Weather problems start to trim global crop expectations
Record American soybean and corn crops are still in the official forecast but too much of the North American plains remains dry or in drought to allow crop markets to relax. A large part of the Canadian Prairies is in drought, threatening canola, durum, spring wheat and other crops. In the United States, July has […] Read more
AIM: Soybean proponents still eye western expansion
Justine Cornelsen, agronomic and regulatory service manager with Brett Young Seeds, said soybeans are still considered a relatively new crop to the western Canadian market that is currently centred in southern Manitoba.
Food grade soybean acres slowly expanding in Manitoba
Manitoba farmers seeded 1.6 million acres of soybeans this spring, Statistics Canada said in the June 28 seeding report. If the numbers are correct, it represents a major increase from 2022. Last year, the province had about 900,000 acres of soybeans, using data from Manitoba Agricultural Services Corp., the provincial crop insurer. More acres likely […] Read more
USDA increases corn, drops soy estimates
The November soybean futures contract jumped US$74.25 per tonne on June 30, the day the report was released, while the December corn futures contract fell $33.75.
Oilseeds retooled for biofuel
ST. LOUIS, Mo. (Reuters) — Deep within a suburban St. Louis warehouse, rows of ID-tagged soybean plants, bred using artificial intelligence, stretch toward precision-timed grow lights and sway as fans circulate a custom mix of carbon dioxide and humidity. These soy varieties in Benson Hill’s 47,000 sq. foot “crop accelerator” produce beans with exceptionally high […] Read more
High oleic soybeans come to Canada
Sevita plans to release more high-oleic varieties in the future to take advantage of the massive global market for vegetable oils.
