Chicago | Reuters — Chicago Board of Trade wheat futures eased on Wednesday on a round of profit taking after prices firmed to 2-1/2 week highs during the session. “The wheat market has had trouble with the 50-day moving average since the middle of September, and today was no different,” Charlie Sernatinger, global head of […] Read more
U.S. grains: Wheat, corn weaken after strong start
U.S. grains: Soybeans fall as harvest speeds up
Chicago | Reuters — U.S. soybean futures eased on Tuesday after a U.S. government report showed farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said. Corn and wheat futures also settled in positive territory, recovering early losses after holding support at key technical […] Read more
U.S. grains: Wheat, corn post short-covering rally
Chicago | Reuters — Chicago Board of Trade corn and wheat futures firmed on Monday on a round of short-covering after U.S. regulatory data released late on Friday showed that speculators had boosted their bearish bet on both commodities. Wheat futures notched the biggest gains, rallying 2.4 per cent. Corn and wheat weakened early but […] Read more
Harvest nearly complete in southern Alberta, weather slows northern producers
Alberta crop conditions as of October 17
Reading Time: 2 minutes Despite weather which was not ideal, producers were able to make good harvest progress this past week improving the harvest percentage in the province to 86 per cent completed, up 9 points on the week though lagging the 5 year average of 93 per cent. Harvest is virtually complete in the South and nearing completion in […] Read more
Wheat growers, plan this fall for next year’s wheat class changes
Almost 30 wheat varieties will be transitioning to the new Northern Hard Red class next August, and that could impact your bottom line
Reading Time: 3 minutes Alberta wheat producers need to start preparing this fall for next year’s Canadian wheat class changes. “When some farmers plant their wheat in the spring, it will be Canadian Western Red Spring, and when they harvest it, it will be in the new class,” said Brian Kennedy, grower relations and extension co-ordinator at Alberta Wheat. […] Read more
U.S. grains: Corn, soy sag under weight of harvest
Chicago | Reuters — U.S. corn futures neared contract lows on Friday and soybeans fell to the lowest levels in a week, pressured by active harvest progress in the heart of the Midwest crop belt, analysts said. Wheat fell to a near two-month low on technical selling, extending losses in the last hour of trade. […] Read more
Outlook improves for Prairies’ winter cereals
CNS Canada — Following concerns in September about seeding winter cereals in dry conditions, acres are down but crops seeded in Western Canada are doing good heading into the winter. “Very little moisture is required in the fall to get that seed to germinate and start growing, especially if it’s been seeded shallow,” said Amanda […] Read more
U.S. grains: Soy, wheat, corn firm on export demand
Chicago | Reuters — U.S. soybean futures firmed on Thursday on supportive export demand and light bargain buying following a three-day slide, along with renewed optimism about demand for soy-based biodiesel fuel, analysts said. Wheat and corn rose on light technical buying and bullish weekly export sales data. Chicago Board of Trade November soybean futures […] Read more
U.S. grains: Wheat down on weak export demand
Chicago | Reuters — U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. Corn fell, following wheat, and soybeans also declined after a choppy session. Chicago Board of Trade December wheat settled down 4-3/4 cents at $4.30 […] Read more
U.S. grains: Soy futures weaken on improving weather
Chicago | Reuters — U.S. soybean futures fell for the second day in a row on Tuesday, pressured by improving weather for harvest in the U.S. Midwest as well as rain forecasts that will boost early crop development in Brazil, traders said. “We are leaking lower,” said Brian Rydlund, a broker at CHS Hedging. “We […] Read more