MarketsFarm — Prices for feed barley and wheat have been trending lower recently, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. While there has been some harvest pressure, Motz said “it’s more of an equalization of the crops. “We got through the crunch of July not knowing exactly where things were at. As […] Read more
Feed weekly outlook: Clearer picture of coming crop means lower prices
U.S. grains: Exports, storm damage offset big crop outlook
Corn, soy prices buck USDA forecasts; wheat rises on corn rally
Chicago | Reuters — Chicago corn prices surged to a four-week high on Thursday as forecasts of warmer weather and worries over recent storm damage in the U.S. Midwest countered pressure from huge government harvest forecasts. The corn rally also boosted wheat, as traders continue to debate how much impact the drought hammering Argentina’s farm […] Read more
U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage
Analysts still expect large U.S. harvest
Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from […] Read more
U.S. grains: Soybeans up with exports, corn up slightly on dry weather
Big expected Russian, Canadian crops weaken wheat
Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for […] Read more
Prairie cash wheat: Loonie, U.S. prices trigger steep declines
U.S. wheat futures well down on week
MarketsFarm — Wheat bids in Western Canada were significantly lower for the week ended Thursday. Those includes double-digit losses for Canada Western Red Spring (CWRS) wheat and Canada Prairie Spring Red (CPSR). Losses in Canada Western Amber Durum (CWAD) were relatively smaller. Pressure came from sharp losses in U.S. markets and equally sharp gains in […] Read more
North Dakota spring wheat prospects seen below 2019, crop experts say
Chicago | Reuters – The spring wheat crop in North Dakota, the top U.S. producer of the grain, should yield less than last year due to a mix of dry June weather in the state’s western area and excessive rain in the southeast, crop experts said on Tuesday. The United States is projected as the […] Read more
Prairie cash wheat: Bids broadly lower
MarketsFarm — Wheat bids in Western Canada were broadly lower during the week ended Thursday, with double-digit losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) had moderate declines. Average CWRS (13.5 per cent protein) wheat prices were down $7-$11 per tonne, according to […] Read more
U.S. grains: China tensions cap soybeans’ gains
Corn prices up slightly on trade optimism; wheat falls back slightly
Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more
Funds covering short positions in canola
MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more
Prairie cash wheat: Bids mixed
MGEX, K.C. wheats down on week
MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a […] Read more