Chicago Board of Trade wheat futures closed nearly flat on Friday but rose seven per cent for the week as concerns grew over crop losses in Russia and other exporting countries.
U.S. grains: Wheat rises 7 per cent this week on Russia crop worries
U.S. grains: Wheat ends up on Black Sea crop worries, but rally seen losing steam
Chicago Board of Trade wheat futures extended gains on Thursday after reaching a 10-month peak a day earlier, as lingering dryness and worries over the Black Sea crop continued to underpin the market.
Saskatchewan sees good seeding progress, but behind average pace
Spring planting in Saskatchewan progressed 24 points during the week ended May 20, putting seeding at 56 per cent complete, according to the provincial Agriculture department. However, that’s 12 points behind this time last year and well below the five-year average of 76 per cent finished.
U.S. corn still moving into feed channels, but new business slow
Corn from the United States continued to move into Canadian feed channels at a steady pace, but little fresh business is going on the books as end users turn their attention to new crop production prospects.
No progress on rail strike negotiations, say union, companies
Strike action delayed until CIRB hands down decision on safety implications of work stoppage
No progress has been made in negotiations with Canadian Pacific Kansas City railway the union representing many of their workers said yesterday.
CBOT Weekly: Spring wheat poised for good conditions
Planting of the spring wheat in the United States continues to be off to an excellent start, according to Tom Lilja of Progressive Ag in Fargo. Meanwhile, the heavy rains that fell as of May 21 are very likely to lead to less corn being seeded with U.S. farmers switching to soybeans.
U.S. grains: Wheat sets 10-month high on deteriorating Russian harvest prospects
Chicago Board of Trade wheat futures climbed to a 10-month peak on Wednesday as worries grew about deteriorating harvest prospects in top exporter Russia, before the market turned lower.
SeedMaster to expand Sask. headquarters
SeedMaster announced today its intention to invest $10 million in expanding its Emerald Park, Sask., headquarters, just east of Regina.
Manitoba seeding progress nears halfway mark
Spring seeding in Manitoba neared the halfway mark during the week ended May 21, with 47 per cent of intended acres in the ground, according to the latest provincial crop report. That compares with 30 per cent the previous week and the five-year average of 52 per cent done.
U.S. grains: CBOT wheat hits July high on declining Russian crop estimates
Chicago Board of Trade wheat futures Wv1 reached their highest level since July on Tuesday as frost damage in top-exporter Russia and lower U.S. crop ratings supported prices, traders said.