A series of storms left a path of destruction in all three Prairie provinces from Aug. 19 to 25. More than one million acres were either damaged or destroyed by the storms bringing hail and strong winds, leading to more than 2,800 claims of crop damage, according to the Canadian Crop Hail Association (CCHA). “This […] Read more
Hail, strong winds damage Prairie crops
Solid Canadian grain/oilseed exports to start 2024/25
Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
U.S. grains: Corn, soy futures ease after short-covering wave
Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more
U.S. grains: Soy, corn rise on weather risks, wheat up on short covering
Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more
Low water on Mississippi River impacts barges, grain exports ahead of harvest
Chicago | Reuters – Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters on Wednesday, just as the busiest U.S. grain export season gets underway. Low water levels are slowing export-bound barge shipments of grain and oilseeds from the […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
U.S. grains: CBOT soybeans gain ground as canola tumbles on Chinese import probe
Chicago | Reuters – Chicago Board of Trade soybean futures turned higher on Tuesday, at one point reaching a near four-week high, bolstered by export demand, crop condition concerns and news that China plans to launch an anti-dumping investigation into imports of Canadian canola, traders said. The ICE canola contract for November delivery RSX4 dropped […] Read more
U.S. grains: Wheat rises on European supply issues, corn and soy on greater demand
Chicago wheat rose on Friday, and registered its biggest weekly gain in more than three months on concerns over lower production in Europe.
U.S. grains: Soybeans, corn rebound on renewed US export demand
Chicago soybean and corn futures rose on Thursday on short-covering and an uptick in export demand, though expectations for strong U.S. crop production limited gains, traders said.
Saskatchewan Crop Report: Harvest marches on despite rains, hail
Severe storms brought strong winds, heavy rains, and, in some places, golf ball-sized hail over parts of Saskatchewan. Nevertheless, the province’s harvest continued to progress during the week ended Aug. 26, according to the agriculture department’s weekly crop report.
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