Chicago | Reuters — U.S. wheat futures surged on Wednesday, with the May contract on the Chicago Board of Trade hitting a two-month high on a mix of technical buying and global demand for bread as the coronavirus prompts consumer stockpiling, analysts said. Corn futures closed modestly higher while soybean futures turned lower. CBOT May […] Read more
U.S. grains: Wheat climbs on global demand for bread
Lots of flour to go around, millers’ association says
System is 'doing extremely well' and should have no problem keeping up with demand, CNMA's Gordon Harrison says
The grain supply chain is working as it should during the COVID-19 pandemic, says the president of the Canadian National Millers Association. “From the milling industry vantage point, the movement of grain from farm to the producer to the elevator systems to mills is doing extremely well,” Gordon Harrison said Tuesday. “The grain supply chain […] Read more
U.S. grains: Corn rebounds after multi-year lows
Soybeans firm, wheat sags
Chicago | Reuters — U.S. corn futures rose on Tuesday, clawing back from last week’s multi-year lows as traders covered short positions and farmer sales stalled, analysts said. Wheat futures declined, pressured by profit-taking after recent rallies, while soybeans closed modestly higher. Chicago Board of Trade May corn settled up 3-3/4 cents at $3.47-1/4 per […] Read more
North America’s millers, bakers scramble to satisfy bread binge
Chicago/Winnipeg | Reuters — North American flour mills and bakeries are rushing to boost production as the spread of the COVID-19 coronavirus leads to consumer stockpiling of staples such as bread and pasta. The virus’ spread prompted orders to stay at home in some U.S. states, including New York, California and Illinois last week, following […] Read more
U.S. grains: Wheat jumps to one-month top
Soy climbs, corn little changed
Chicago | Reuters — U.S. wheat futures surged nearly four per cent on Monday and hit a one-month high, buoyed by strong buying by domestic flour millers as consumers stockpile bread, and signs of a pick-up in global export business, traders said. Soybeans rose on expectations of rising demand for soymeal, a feed ingredient. Corn […] Read more
Prairie cash wheat: Bids surge on U.S. gains, weaker loonie
MarketsFarm — Wheat bids in Western Canada were significantly higher for the week ended Thursday on gains in U.S. markets coupled with a weaker Canadian dollar. Canada Prairie Spring Red (CPSR) wheat saw the largest increases, with bids up by more than $20 per tonne. Increases for Canada Western Red Spring (CWRS) wheat were in […] Read more
Fund traders cover canola shorts, liquidate corn longs
MarketsFarm — Fund traders were covering short positions in canola and liquidating longs in corn during the week ended Tuesday, 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 Tuesday at 58,455 contracts (2,163 long/60,618 […] Read more
U.S. grains: Wheat, soy rise after export deals
Corn sags on ethanol woes
Chicago | Reuters — Chicago Board of Trade soybean and wheat futures rose on Friday, supported by a pick-up in Chinese demand for U.S. commodities, traders said. But corn closed lower, giving up early gains with traders shrugging off a massive sale to China to focus on expectations for a weakened ethanol market as crude […] Read more
U.S. grains: Recent declines stoke export interest
CBOT May corn, soy, wheat all rally
Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy […] Read more
Feed weekly outlook: Grain prices mostly steady through market turmoil
MarketsFarm — Despite commotion in markets due to economic impact from the COVID-19 coronavirus pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton. Feed prices were in a steady decline since the cold snap around the beginning of January, he said. “This week/last week, we haven’t seen the price […] Read more
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