Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
Global shipping costs could ease as congestion improves: FCC economist
Late crop yield in most Ukrainian regions may drop by up to 15 per cent, farm ministry says
Ukraine's late crop yield might fall by up to 15 per cent in most regions due to extreme heat, the acting farm minister said on Monday, while the average early crop is expected to shrink by only by five per cent.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
Jasper fires force trains to go slow
CN has resumed service but at a reduced speed through the area
The Canadian National Railway line through Jasper, Alta,. is open, but trains are moving slowly due to the wildfire that destroyed a significant part of the community this week. The implications for grain movement are unknown, but unloads are already down at the port of Vancouver.
Alberta Crop Report: High temperatures damage crops
Major crops were rated at 55.3 per cent good to excellent, down from 72.9 per cent the previous week. The south region’s crops were rated 77.2 per cent good to excellent, while the northeast region was at 62.5 per cent and the Peace region was at 57.3 per cent. Conditions in the northwest region fell to 37.7 per cent and the central region dropped to 32.4 per cent, for declines of 40.1 and 29.8 points, respectively.
U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.
CBOT Weekly: Weather, fund buying raises prices
Despite the majority of all three major United States crops being in good to excellent condition, hot weather and speculative fund buying have lifted prices at the Chicago Board of Trade (CBOT).
Manitoba Crop Report: Crops grow with additional heat
Warmer conditions helped crops across Manitoba advance in their development during the week ended July 21, according to the province’s weekly crop report.
Bunge, Viterra $34 bln deal heading for conditional EU nod, source says
U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct knowledge of the matter said on Wednesday.
U.S. grains: Soybeans, corn touch two-week highs on short-covering, weather
The price rally in Chicago Board of Trade (CBOT) corn futures extended into a second day on Tuesday, with the most-active contract Cv1 reaching a two-week high, as traders began to focus on weather-related impacts on the U.S. crop and short-covering, market analysts said.
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