Chicago | Reuters — U.S. corn futures dropped on Friday while soybeans and wheat edged higher in muted trading as investors waited for the U.S. government’s monthly update to harvest projections. Corn futures remained under pressure from profit-taking after prices jumped to a seven-week high on Tuesday. The market shrugged off long-awaited news that the […] Read more
U.S. grains: Corn falls; wheat, soy rise
Weather conditions put the chill on harvest progress
Alberta Crop Report: Conditions as of October 1
Reading Time: 5 minutes Harvest progress for major crops is 20 points behind the provincial 5-year average, but on par with progress for this reporting period last year. As compared to last week, 5 per cent more crop is in the bin. The Peace region is 34 points behind its 5-year average, followed by the North East at 25 […] Read more
U.S. grains: Soybean futures slip on technical sales
Chicago | Reuters — U.S. soybean futures weakened on Thursday, retreating from early gains on technical selling after failing to take out the 10-week high hit on Tuesday, traders said. Wheat futures ended little changed, supported by a surprise export deal with China. But traders said more bullish inputs were needed to push prices back […] Read more
Feed weekly outlook: Snowfall boosts spot barley bids
MarketsFarm — Spot barley prices have received support from last weekend’s snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located. […] Read more
U.S. grains: Technical selling pushes wheat, corn, soy lower
Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Wednesday on a round of technical selling after posting sharp gains earlier this week, traders said. Wheat fell most, with the benchmark Chicago Board of Trade December soft red winter wheat contract sinking 2.1 per cent, its biggest daily loss since Aug. 30. […] Read more
U.S. grains: Soy tops two-month high on China buying, inventory shock
Chicago | Reuters — U.S. soybean futures prices rose to the highest level in more than two months on Tuesday, adding to gains from the previous session when Chinese purchases and a lower-than-expected estimate of U.S. stockpiles buoyed prices. Corn also advanced after rallying four per cent on Monday as a quarterly U.S. Department of […] Read more
Malt driving demand for soft white spring wheat
Soft white spring acres in Alberta have rebounded thanks to the craft beer movement
Reading Time: 5 minutes Soft white wheat acres are starting to creep up in Alberta, thanks to the burgeoning craft beer movement. “There’s been a growing market for malting soft white wheat,” said Geoff Backman, markets manager with Alberta Wheat and Barley. “It’s been driven by demand from the craft brewing industry, and that’s a nice value-added market on […] Read more
U.S. grains: Soy, corn rally on smaller-than-expected stockpiles
Chicago | Reuters — China bought more U.S. soybeans on Monday as the U.S. Department of Agriculture reported crop stockpiles were smaller than traders expected, sending futures prices to nine-week highs. Corn futures set an eight-week high after the USDA report also showed tighter-than-expected inventories of the yellow grain. Farmers welcomed the rallies after crop […] Read more
Alberta harvest progress behind in all regions
Alberta Crop Report: Conditions as of September 23
Reading Time: 5 minutes Accumulated precipitation in September has been varied across the province, from less than 20 mm in the eastern parts of the North West Region, western parts of the North East Region and central parts of the Peace Region, to upward of 30 mm in most areas in the Southern and Central Regions, and up to […] Read more
Cash wheat: CWRS follows Minneapolis futures higher
MarketsFarm — Cash wheat bids in Western Canada were mostly higher for the week ended Thursday. Gains were seen in Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats in all locations, while Canada Prairie Spring Red (CPSR) saw gains in most regions. The Canadian dollar was firm with almost no movement. […] Read more
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