Chicago | Reuters — U.S. soybean futures closed at their lowest level in more than two years on Monday while corn fell to fresh contract lows on strong U.S. crop prospects and worries about trade fights with China and other main export partners. Wheat also retreated as rising supplies from the U.S. winter crop harvest […] Read more
U.S. grains: Soybeans down on trade war worry
U.S. grains: Wheat sets two-week high
Chicago | Reuters — U.S. wheat futures touched a two-week high above US$5 a bushel on Friday on reduced expectations for France’s harvest while corn prices rose on concerns over unfavourably hot U.S. crop weather. Soybean futures touched a one-week low after a bout of selling late in the trading session erased earlier gains. An […] Read more
Feed weekly outlook: Producers watching skies for signals
CNS Canada — Farmers and traders are keeping a watchful eye on the weather trying to sort out feed grain supplies. “This time of year, it’s a weather market and weather has been improving in much of Saskatchewan and in some of the more critically dry areas. They got a decent amount of moisture over […] Read more
U.S. grains: Corn, soybeans sink to 1-1/2 week lows
Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday ahead of a key U.S. government report due on Friday expected to raise estimates of U.S. 2018 corn and soybean plantings. Wheat also eased, pressured by an accelerating U.S. winter crop harvest and reports of higher-than-expected yields in some areas. Favourable crop […] Read more
U.S. grains: Bargain buying lifts CBOT wheat
Chicago | Reuters — U.S. wheat futures rose on Wednesday on bargain buying after a three-session sell-off pushed the Chicago Board of Trade September contract to a one-week low, traders said. CBOT soybeans and corn ended flat to firmer, consolidating after recent declines and as investors awaited two key U.S. government crop reports later this […] Read more
U.S. grains: Wheat slides as harvest progresses
Chicago | Reuters — U.S. wheat futures sagged on Tuesday, with the K.C. hard red winter wheat market hitting its lowest in nearly five months on fund-driven long liquidation and pressure from the harvest in the southern Plains, traders said. Soybeans were also lower while corn ended modestly higher as traders awaited key U.S. Department […] Read more
South Korea lifts suspension on Canadian wheat sales
Seoul | Reuters — South Korea’s food ministry on Tuesday said it had lifted a temporary suspension on sales of Canadian wheat as it had not discovered any unapproved genetically modified strains during tests on imports. South Korea suspended sales of Canadian wheat last week after Canada announced the discovery in mid-2017 of an unapproved […] Read more
Rain on the plains makes for good crop gains
Alberta crop conditions as of June 19, 2018
Reading Time: 2 minutes Over the past week, there were some welcome rain showers in the western parts of the province, bringing sufficient moisture to support the active growth of both annual and perennial crops. While many areas in the west of the Southern and Central Regions received at least 30 mm of rain, rainfall for the west parts […] Read more
U.S. grains: Soy, corn fall for fourth week over trade tensions
Chicago | Reuters — U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the U.S. and China, although prices rose for the day on Friday as some traders covered short positions. Soybeans ended 1.2 per cent lower on the week, after plunging to their […] Read more
U.S. grains: Wheat jumps on global crop worries
Chicago | Reuters — U.S. wheat futures climbed for a second straight day on Thursday on bargain buying following the market’s recent drop and on a weather-reduced wheat crop in Russia, the world’s top exporter. Corn followed wheat higher, underpinned by concerns that heavy rains and flooding in parts of the U.S. Midwest could drag […] Read more