The recent influx of moisture across the Prairies put pressure on feed grain prices, according to an Alberta-based trader.
Feed Grain Weekly: Prices drift down as seeding nears completion
Planting in Saskatchewan on the verge of completion
Spring planting in Saskatchewan moved into its final days as it advanced 17 points at 94 per cent complete as of June 3. Saskatchewan Agriculture noted that despite the speed seeding has been going it was a shade behind the five and 10-year averages of 97 per cent finished.
Strong Thunder Bay grain movement through May
The Port of Thunder Bay continues to see strong grain movement during the 2024 shipping season, with 923,700 tonnes moved in May, according to a report. That marked the second highest monthly grain total of the past two years and compares with 899,100 tonnes in May 2023.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
CBOT Weekly: Selling, crop conditions drive price drops
Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.
U.S. grains: Wheat falls as U.S. Plains harvest advances, Russia concerns ease
Chicago benchmark wheat Wv1 futures fell on Wednesday for the sixth day in a row, as progress in the U.S. winter harvest weighed on prices and concerns eased over the Russian crop, traders said.
Manitoba farmers make good progress despite rain
Spring planting in Manitoba entered the home stretch at 83 per cent complete as of June 5. Manitoba Agriculture reported a 19-point gain from the previous week as farmers contended with wet conditions across much of the province.
Martison Phosphate Project aims to make Canada self-sufficient in phosphorus
Reading Time: 3 minutes A lot of what determines what Canadian farmers pay for phosphate fertilizer and how readily they can get it happens outside of Canada’s borders. According to Stephen Case, chief executive officer and president of Fox River Resources, Canada has become completely reliant on phosphate sourced from other countries like the U.S., Russia and Morocco. He’s […] Read more
ADM says its head of global supply leaving company
Camille Batiste, Archer-Daniels-Midland's senior vice president of global supply chain and procurement and a member of its executive council, is leaving the company next month, according to an internal email seen by Reuters on Tuesday and later confirmed by ADM.
U.S. grains: Corn, soy down as traders weigh weather and planting progress
Chicago Board of Trade corn and soy dipped in choppy trade on Tuesday as traders weighed U.S. planting progress and strong corn ratings with adverse weather in importer Mexico and downgrades to soybean harvest forecasts in major exporter Brazil.
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