Despite it being the middle of August, some pests are not showing signs of wrapping this season up. Bean leaf beetle are a particular concern in food grade IP and seed soybeans and edible beans across Ontario. As are pod piercing pests like stink bugs and tarnished plant bugs. Soybean aphids are also increasing in numbers, particularly in fields in Eastern Ontario. So scouting is not over yet, I am afraid. Read more
Chicago / Reuters – U.S. soybean futures fell more than 3 percent on Tuesday after an unexpected improvement in the condition of U.S. crops eased concerns that recent hot weather would hurt yields.
Corn and wheat futures followed soybeans lower. As of 12:11 p.m. CDT (1711 GMT), Chicago Board of Trade November soybean futures were down Read more
Canadian producers reported seeding record areas of canola and soybeans in 2017, with the canola area exceeding wheat (all varieties combined) for the first time ever. Seeded acreage of corn for grain and oats also increased. Meanwhile, the areas seeded to all wheat, lentils and barley declined from 2016.
Due to unseasonal early snow last fall, harvesting in some parts of the country was delayed until this spring. Additionally, localized areas reported very wet spring conditions and some flooding occurred in Ontario and Quebec. These conditions may have affected some of the seeded areas reported. Read more
Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week.
Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term.
“I’m looking for an improvement in crop ratings next week, which might put a little light pressure on corn,” said Terry Reilly of Futures International.
The market had a support level at $3.7125, he added (all figures US$). Prices broke below that level on Wednesday.
Spreading between wheat and corn markets has also kept CBOT corn from rallying over the past several sessions, Reilly said. Read more
June 1, 2017
Winter wheat growth stages are relatively normal at this point in the season; the crop may have looked a bit ahead in weeks past but conditions have been relatively cool. Wheat is in head throughout Southwestern Ontario and beginning to head in western/central Ontario.
Some winter wheat fields are looking yellow, even where nitrogen and sulphur have been applied. It is expected that in most cases there is still nitrogen available, but that wheat fields are under stress from sitting in wet conditions for an extended period of time. Leaching below the root zone can occur, especially on light soils, with significant precipitation. Transpiration by the wheat crop, however, has helped reduce downward water (and nitrate) movement. Significant nitrogen leaching is not expected to have occurred in most wheat fields. Read more
SAO PAULO, June 1 (Reuters) – The cost of exporting soybeans from Brazil will decline in coming years as infrastructure improves, particularly in the northern part of the country, an executive for commodities trader Louis Dreyfus Company BV said on Thursday.
Luis Barbieri, oilseeds director for Louis Dreyfus’ Brazil unit, said investments in logistics are likely to boost soy production in new areas in northern Brazil.
Speaking at a commodities seminar in Sao Paulo, Barbieri said soybean planting would increase in degraded pastures or replace areas used for livestock.
Source: Reporting by Roberto Samora; Writing by Marcelo Teixeira; Editing by Andrew Hay, Thompson Reuters
The USDA will report crop condition ratings for the 2017 U.S corn and soybean crops in the 18 major producing states in the weekly Crop Progress report beginning May 30 and continuing until harvest.
Weekly crop condition ratings have been made for all the major producing states since 1986. Market participants typically follow the crop condition ratings closely as an indication of crop health, yield potential, and change in yield potential as the growing season proceeds. Read more
Winter wheat is progressing well across the province. The winter wheat is mainly at early flag leaf (Zadok’s 37) to the swollen boot stage (Zadok’s 45-47), and some heading has been observed in Essex County. Disease pressure across the province is currently low, and fungicide applications are expected to start in the next week. Cereal leaf beetle is present, but Read more
Corn and soybean futures have both seen pressure over the past week but are expected to see divergent moves in the near future as poor Midwestern seeding weather may see acreage shift out of corn and into soybeans.
While it is still early in the planting season, it is looking like farmers may run into difficulties getting the corn seeded in a timely fashion, said Preston Zacharias, of CHS Hedging’s Russel Consulting Group. Read more
Commodity weather group forecasts wet summer will boost corn, soybean yields.
A weak El Niño pattern will develop in the Pacific, meaning there’s the likelihood of a wetter summer in the Midwest, Commodity Weather Group, the Bethesda, Maryland-based forecaster, said in a seasonal report Tuesday.
The wetter-than-normal weather likely will have a negative effect on planting but a positive impact on crops that get planted due to ample moisture, the forecaster said. The El Niño pattern will mean warmer waters near the Baja Peninsula and relatively cooler waters in the Pacific Northwest.
“The central (and) southwest Midwest is at most risk for slower-than-average corn (and) soy seeding, but rains aid moisture for the heart of the Corn Belt heading into summer,” CWG said in the report. “Summer temperature outlook trended warmer in the eastern U.S., but mostly unchanged in the Corn Belt, keeping the threat for notable Midwest-focused heat low this season.” Read more
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