Chicago | Reuters — U.S. corn futures veered between gains and losses while soybean futures rose on Monday as planting delays fueled uncertainty over the size of the nation’s crops. Heavy rains delayed plantings the spring and traders remain unsure about how many acres of corn and soy will actually be planted and how much […] Read more
U.S. grains: Corn seesaws, soy rises on planting uncertainty
USDA investigates unapproved GMO wheat in Washington state
Chicago | Reuters — The U.S. Department of Agriculture has confirmed the discovery of unapproved, genetically modified (GM) wheat plants growing in an un-planted agricultural field in Washington state. There was no evidence the wheat had entered the food supply, USDA’s Animal and Plant Health Inspection Service said in a statement on Friday. The wheat […] Read more
U.S. grains: Wheat gains for fourth week on Russia dryness
Chicago | Reuters — Chicago Board of Trade wheat futures notched a fourth weekly gain on Friday — even after closing the day down 1.27 per cent — as lack of rain in Russia raised concerns over reduced yields in the world’s top exporter of the grain. Support also came from fears of production losses […] Read more
Dry weather stalls crop growth, pastures well below five-year average
Alberta Crop Report: Conditions as of June 4
Reading Time: 3 minutes The recent warm weather helped with both seeding and crop emergence. In terms of seeding progress, producers are five points ahead of the five year average of 94 and are currently sitting at over 99 per cent complete. Across the province emergence average is now at 72 which is also higher than the five year […] Read more
Canadian wheat sales to China hit 14-year high despite dispute
Winnipeg/Chicago | Reuters — Canada has shipped the most wheat to China in 14 years, contrasting a sudden halt in canola trade amid a diplomatic dispute between the countries, as Chinese buyers shunned the United States. China bought 1.5 million tonnes of wheat from Canada from August 2018 through April 2019, nearly double the pace […] Read more
U.S. grains: Wheat rebounds on weather abroad
Chicago | Reuters — Chicago wheat futures rose on Thursday, rebounding after two days of deep losses, with support from dry weather that is expected to reduce yields in Russia and Australia. Traders said they are monitoring wet conditions in the southern U.S. Plains and Midwest that threaten winter wheat quality, as well as the […] Read more
U.S. grains: Futures plummet on Midwest weather, profit-taking
Chicago | Reuters — U.S. grain futures plummeted across the board on Wednesday, as fears eased about the potential for rain damage to the wheat crop and forecasts of warmer temperatures in the U.S. Midwest opened a narrow planting window for soybean farmers. The burgeoning U.S.-Mexico trade fight added pressure to corn futures, despite a […] Read more
U.S. grains: Corn, soy rise as report shows rain slows plantings
Chicago | Reuters — Chicago Board of Trade (CBOT) corn futures rose on Tuesday to revisit last week’s three-year highs after the U.S. Department of Agriculture said U.S. planting was well behind the average pace for this time of year following repeated rainfall. Soybeans rose too as rain also slowed U.S. sowings, according to the […] Read more
U.S. grains: CBOT wheat rallies on weather
Chicago | Reuters — U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. Meanwhile, corn and soybean futures traded choppily as the markets digested a threat of U.S. tariffs against Mexico, […] Read more
U.S. grains: Trump tariff threat pushes corn, soy, wheat lower
Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Friday, weighed down by fresh concerns about demand after U.S. President Donald Trump threatened to place tariffs on imports of goods from Mexico in response to illegal immigration across the U.S. border. All three commodities also faced pressure from profit-taking after posting big […] Read more