Chicago corn futures advanced on Friday after the U.S. Department of Agriculture (USDA) projected U.S. stockpiles of the grain below market expectations.
U.S. grains: Corn climbs as USDA projects US stocks below expectations
Seeding in Alberta ahead of pace
Overall spring seeding of all crops in Alberta was just over 18 per cent complete, according to the province’s first crop report of 2024. The pace was nearly seven points above the five-year average.
Tighter stocks, production in USDA report
The United States Department of Agriculture’s (USDA) May World Agricultural Supply/Demand Estimates (WASDE) released May 10 featured the first production and ending stocks estimates for the 2024-25 marketing year.
Federal government moves to push back possible rail strike
The federal government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an official said on Friday.
U.S. grains: Wheat climbs as frosts cause state of emergency in Russia
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.
Argentine grains ports and crushing plants idled due to general strike
Argentine grains ports and soybean crushing plants in the area surrounding the major Rosario hub are standing idle due to a nationwide strike launched on Thursday, the head of the major grains exporting nation's oilseed export chamber said.
Manitoba seeding progress made, but behind average pace
Planting progress in Manitoba advanced a little bit during the week ended May 7, with four per cent of the province’s crops in the ground. With the bulk of the seeding in the central region, that’s up two points from the previous week but five behind the five-year average.
Thunder Bay grain shipments up to start season
Grain shipments out of the Port of Thunder Bay are running well ahead of average through the first few weeks of the 2024 shipping season.
Brazil floods hit food silos, disrupt routes to major grains port
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
U.S. grains: Chicago grains back off highs on weather outlook, USDA data
Chicago wheat fell on Tuesday from peaks not seen since December, while corn eased from four-month highs as investors gauged the impact of harsh weather in some major production zones.
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