Reuters — Chicago wheat futures rallied on Thursday, boosted more than three per cent on reports of new tensions in the Black Sea region. Corn futures hit a one-month peak, breaking out of a recent range holding above a key technical level, and soybeans rose modestly despite lacklustre export demand. A Turkish-flagged general cargo ship […] Read more
U.S. grains: Chicago wheat rises on Black Sea tensions
Corn at one-month high; soybeans also up
Carbon exemption bill nearing close of Senate deliberations
Farm groups hoped to see Bill C-234 made law in time for harvest
A bill to exempt propane and natural gas from the carbon price when used for grain drying and barn heating was nearing the end of its winding road through the Senate after an Oct. 5 meeting. Thursday morning the Senate’s committee on agriculture and forestry heard final witnesses speak on Bill C-234, which would amend […] Read more
Britain says Russia may target civilian shipping with mines in Black Sea
Intel suggests goal is to deter Ukraine grain exports, Britain says
London | Reuters — Russia may use sea mines to target civilian shipping in the Black Sea, including by laying them on the approach to Ukrainian ports, the British government said on Wednesday citing intelligence. Russia in July pulled out of a deal that had allowed Ukraine to safely ship food products out through what […] Read more
U.S. grains: Chicago soybeans firm, risk aversion caps gains
Corn and wheat drop, export data eyed
Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture […] Read more
Prairie Forecast: Building western ridge to bring warming trend
Issued Oct. 4, covering Oct. 4-10
Last week’s weather forecast played out close to what the weather models were predicting. Western regions saw cooler-than-average temperatures move in, while eastern regions saw a brief return to summer-like temperatures. This pattern was a response to an area of low pressure that spun up over the central U.S. during the second half of the […] Read more
Manitoba legislature’s agriculture leaders to return under new management
NDP scores majority over incumbent Tories
Manitoba’s incumbent agriculture minister and lead opposition agriculture critic are headed back to the legislature — but under a new seating plan. Opposition leader Wab Kinew’s New Democrats are expected to form a majority government coming out of Tuesday’s provincial election, unseating incumbent premier Heather Stefanson’s Progressive Conservatives. Just after 1 a.m. Wednesday, NDP candidates […] Read more
U.S. grains: Chicago soybeans drop in choppy trade
Wheat futures lifted by surprise purchase from China
Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more
Alberta cereals harvest surprisingly resilient
Dryland farmers in the south took a hit, but other regions pulled up the provincial average
Reading Time: 4 minutes Alberta’s cereal crop production wasn’t terrible this year, but only if judging by provincial averages. Alberta Financial Services Corporation publishes the provincial crop report along with field staff at Alberta Agriculture and Irrigation. As harvest unfolds, they’ve seen total yield estimates rise week by week. In its most recent edition, barley yield expectations increased by […] Read more
Prairie Forecast Update: Wet weather for southern Manitoba, southeastern Saskatchewan
Update issued Oct. 2, covering Oct. 2-4
The strong area of low pressure that the weather models have been forecasting to impact the eastern half of the Prairies on Tuesday and Wednesday is starting to take shape. The latest model runs show the low pushing northward into western Manitoba early on Tuesday morning and then moving off toward northwestern Ontario by late […] Read more
U.S. grains: Chicago wheat up off three-year low after steep sell-off
CBOT corn rises, soybeans flat as Brazil plantings race forward
Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more
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