Reading Time: 3 minutes For much of this year’s hot, dry summer, Alberta wheat growers could look forward to higher prices to offset lower production. But now they can’t even count on that — at least not for the foreseeable future. “We have seen prices pulling back a little bit over the last few weeks,” FarmLink’s senior market analyst […] Read more
Wheat rally stalls at just the wrong time
Prices are off summer highs but a drop in global production sets the stage for another rally this winter
U.S. grains: Export concerns push wheat, soybean futures lower
Chicago | Reuters — U.S. wheat futures fell two per cent on Tuesday, their fifth decline in the last six sessions, as investment funds cut their risk exposure to the grain following a surprise short-covering rally on Monday, traders said. Poor demand for U.S. wheat exports amid expectations of a jump in winter wheat plantings […] Read more
U.S. grains: Wheat firm on technical bounce, tightening global supplies
Chicago | Reuters — U.S. wheat futures rose more than three per cent on Monday on a mix of technical buying after last week’s seven-week low and fundamental support from tightening supplies in Australia and Russia, analysts said. Soybean futures also advanced while corn futures were little changed ahead of key monthly crop reports due […] Read more
Wet weather slows harvest pace
Alberta crop conditions as of September 4, 2018
Reading Time: 2 minutes Wet weather over the past week has slowed down harvesting operations in most areas across the province, especially in the North East, North West and Peace Regions. Frost was reported in some areas, but it is still early to estimate any potential damage. Currently, the quality for all crops are estimated higher than their short […] Read more
U.S. grains: Wheat extends losing streak
Chicago | Reuters — Chicago Board of Trade wheat futures fell for the third day in a row to their lowest in more than seven weeks on Thursday on expectations that U.S. supplies will continue to struggle to gain traction on the global export market, traders said. Corn futures ended firm, supported by bargain buying […] Read more
U.S. grains: Wheat weakens on poor export demand
Chicago | Reuters — Chicago Board of Trade wheat futures fell 1.8 per cent on Wednesday, its third decline out of the last four sessions, as export prospects for U.S. supplies remained dim despite crop shortfalls in key production areas of the Black Sea region, traders said. Corn dropped after earlier touching a two-week high […] Read more
U.S. grains: Wheat falls on Russian export plans
Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Tuesday to a one-week low after Russia’s agriculture ministry said it had no plans to restrict grain exports from the world’s biggest wheat supplier, traders said. Corn firmed on support from news that Argentina planned to impose a 10.2 per cent export tax […] Read more
U.S. grains: Corn, soy rise on short-covering
Chicago | Reuters — U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices. Wheat climbed on technical buying, along with worries about tightening global supplies. Chicago Board of Trade December […] Read more
U.S. grains: Soybeans fall as huge harvest looms
Chicago | Reuters — U.S. soybean futures declined on Thursday on expectations of a massive U.S. harvest and worries about sluggish demand, traders said. Wheat futures fell on technical selling and profit-taking after Wednesday’s 3.5 per cent surge while corn futures were little changed. Chicago Board of Trade November soybean futures settled down 4-1/2 cents […] Read more
U.S. grains: Wheat soars on new rumours of Russian export curbs
Chicago | Reuters — U.S. wheat futures rose 3.5 per cent on Wednesday on technical buying and rumours that Russia might curb wheat exports, traders said. Soybeans and corn closed modestly higher, following wheat. Chicago Board of Trade December soft red winter wheat futures settled up 18-1/2 cents at $5.41-3/4 per bushel (all figures US$). […] Read more