New York | Reuters — Chicago Board of Trade (CBOT) soybean futures turned higher amid a volatile trading session on Thursday, as commodities traders wrestled with tight domestic supplies and uncertainty over weather impacts on the current U.S. crop. Analysts said that market participants are focusing on how the recent extreme heat waves across the […] Read more
U.S. grains: Soybeans up on signals of supply, weather concerns
CBOT wheat falls on higher U.S. dollar, corn pressured by wheat
Cargill agrees to sell stake in Russian grain terminal
Buyer says deal under government review
Reuters — U.S.-based commodities trader Cargill said on Thursday it had agreed to sell its stake in a Russian grain terminal to Russia’s Delo Group. “In line with Cargill’s earlier announcement to stop the export of Russian grain in July 2023, we can confirm we have reached an agreement with Delo to sell our 25 […] Read more
UN rapporteur calls Canada’s TFW system ‘breeding ground for modern slavery’
Tomoya Obokata says government needs to better protect worker rights and provide better residency path
A United Nations special rapporteur on modern slavery has called out Canada’s temporary foreign worker (TFW) programs, including those in the agriculture sector. Tomoya Obokata, who was appointed by the UN’s Human Rights Council, spoke in Ottawa Sept. 6 following a 14-day visit to Canada. He called the programs “a breeding ground for contemporary forms […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
U.S. grains: Wheat rallies on Black Sea tensions
Corn prices follow wheat higher, soy gains as traders eye crop yields
New York | Reuters — Wheat futures on the Chicago Board of Trade (CBOT) rose for a second straight session on Wednesday, as Russia reported Ukrainian strikes on a naval base in the grain-rich Black Sea region and Kyiv said its grain exports dropped sharply. Kyiv said on Wednesday more than 100 of its port […] Read more
Ukraine: The second summer of war
As harvest begins, farmers wonder if they should bother
Reading Time: 5 minutes A kamikaze drone flew over our house last night. It fell near our fence and exploded. I looked out the window and saw a red flame. Then I opened my eyes and realized it was a nightmare. In the morning, I called my mother. She said she heard a drone over our town at 3 […] Read more
Prairie Forecast: One last push of summer-like temperatures
Issued Sept. 13, covering Sept. 13-20
As we work our way slowly into fall, we are starting to see a more fall-like pattern beginning to develop — especially when it comes to overnight lows. While the upcoming forecast does not look like we see a big fall cooldown, there is more and more deviation developing between different runs of the forecast […] Read more
Thunder Bay grain shipments up on year
Grain traffic contributes to increase in overall cargo handle
MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the year-ago level, with 3.747 million tonnes of grain shipped through the port on the northern shores of Lake Superior as of Aug. 31. That was up by 1.1 million tonnes from the previous year’s pace, but slightly behind the […] Read more
EU ag commissioner pushes for extension of Ukraine grain import ban
Restrictions due to expire Friday
Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
U.S. grains: Futures sharply lower on U.S. harvest outlook
Wheat bounces on smaller-than-expected world stocks forecast
New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more