Chicago | Reuters — U.S. soybean futures jumped more than two per cent on Monday after Washington and Beijing agreed to drop tariff threats, easing fears that demand for U.S. shipments to top importer China could slow. Corn prices were little changed, while wheat dropped on crop-boosting rains in the U.S. Plains wheat belt and […] Read more
U.S. grains: Soybeans surge on U.S.-China trade truce
Thirty-eight per cent of crops seeded, soil moisture varies
Alberta crop conditions as of May 15, 2018
Reading Time: 2 minutes In the first half of May, temperatures have been the warmest since 1961 in most parts of the province and most areas received less than 10 mm of moisture. This has provided the ideal weather for quick ground thaw and allowed for seeding operations to be in full swing across the province. Provincially, as of […] Read more
U.S. grains: Wheat futures jump
Chicago | Reuters — U.S. wheat futures rallied on Friday, with the benchmark Chicago Board of Trade soft red winter wheat contract surging 4.1 per cent on forecasts for dry conditions that could further stress an already damaged crop. The weather outlook also threatened to slow planting progress in the U.S. Midwest, which was supportive […] Read more
Feed weekly outlook: Prairie grain prices start to soften
CNS Canada — After a winter with tight supplies leading to a feed grain price rally in Western Canada, prices are starting to back off. “It’s been breaking free a little bit. Kind of surprisingly this year it took till seeding time to see that happen. We’ve seen markets rally right up till May,” said […] Read more
U.S. grains: Wheat up for third day in a row
Chicago | Reuters — U.S. wheat futures rose on Thursday, their third straight day of gains, on worries that adverse weather will lead to crop shortfalls in key growing areas around the world, traders said. Soybean futures fell, pressured by fresh concerns about exports. Corn futures closed lower on long liquidation by funds after failing […] Read more
U.S. grains: Soybean, corn futures fall
Chicago | Reuters — U.S. soybean futures fell 1.9 per cent on Wednesday, dropping below US$10 a bushel for the first time since April 4, on renewed fears about a trade dispute chilling demand from China, the world’s top buyer of the oilseed. Wheat futures ticked higher on short-covering, recovering from a three-week low hit […] Read more
U.S. grains: Corn, soy, wheat end higher after choppy trade
Chicago | Reuters — U.S. corn futures rose on Tuesday, supported by concerns that rains in the U.S. Midwest will stall the tail end of planting, traders said. Chicago Board of Trade wheat futures firmed, snapping a four-session losing streak on short-covering and bargain buying. Soybean futures also closed firm after trading in negative territory […] Read more
U.S. grains: Soy futures rise as trade fears ease
Chicago | Reuters — Chicago Board of Trade soybean futures rose 1.5 per cent on Monday, bouncing back from their lowest in more than five weeks on a round of technical buying and signs that Chinese demand for export supplies was picking up, traders said. Wheat futures dropped, their fourth straight losing session, falling through […] Read more
U.S. grains: Soybeans to one-month low on technicals, trade worries
Chicago | Reuters — U.S. soybean futures fell to their lowest level in a month on Friday on a mix of technical selling ahead of the weekend and uncertainty about how trade disputes would affect exports, analysts said. Wheat and corn also fell, pressured by long liquidation and bearish data in Thursday’s supply/demand reports from […] Read more
U.S. wheat stocks bigger than expected, trade watching weather
CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more