Soy, Corn Markets Back Looking to South America

Jan 20, 2023

Following a bounce in the wake of a mostly bullish USDA supply-demand update last week, Chicago corn and soybean futures have quickly refocused on South American growing conditions.

“The primary thing right now is South American weather,” said market analyst Tom Lilja of Progressive Ag in Fargo, North Dakota.

Near-term forecasts call for more heat and dryness in drought-plagued Argentina, although the longer-term outlook is for wetter conditions. The weather in Brazil has more favourable throughout the 2022-23 growing season, although southern areas are still trending drier while the early harvest in the country’s central region is being interrupted by rain.

“Argentina does continue to be the biggest concern amongst the trade,” said Lilja, noting that production estimates out of the country continue to be revised lower.

Click here to see more...

Video: When is Sustainable Packaging Coming in the Canadian Agri Food Industry? 3 Critical Perspectives

Canada’s regulatory landscape on single-use plastics is complex but a recent ruling by the Federal Court of Appeal sided with the government’s intent to eliminate single-use plastics. What does this mean for the Canadian agri-food industry? How can companies find the right balance between regulatory compliance and implementing costly alternative solutions? What are retailers and consumers saying about sustainable packaging? This webinar features Joshua Goodman, Head of Corporate Sustainability, Sobeys; Marie-Anne Champoux-Guimond, Director of Sustainability, Keurig Dr Pepper Canada and Glenford Jameson, Canadian Food Lawyer, G.S. Jameson and Company

This 60-minute webinar brings together three industry leaders to examine the opportunities, challenges, and realities of the path forward. In this session, you will gain insights into:

•Canada’s regulatory roadmap and timeline on eliminating single-use plastics

•Current end-of-life solutions for plastics and alternative packaging solutions

•The need to have a corporate strategy that aligns with reality at the retail shelves

•How major brands and retailers are pivoting

•Supply chain considerations

•Common misconceptions