Chicago | Reuters — U.S. soybean futures rose for a second straight session on Friday on short-covering and follow-through buying after a government report the prior day forecast a smaller-than-expected U.S. harvest. Corn also advanced after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. corn yield outlook in a monthly report on Thursday […] Read more
U.S. grains: Crop forecasts lift corn, soy for second day
Harvest progress behind five-year average across Alberta
Alberta crop conditions as of October 9, 2018
Reading Time: 1 minute Generally, harvest progress has been slow due to wet conditions across the province and lower than normal temperatures since the end of August. Provincially, about 47 per cent of major crops have now been harvested, up nine per cent from a week ago. Comparing harvest progress over recent years, 2018 has been the most delayed […] Read more
U.S. grains: Corn hits seven-week high on USDA’s surprise yield cut
Chicago | Reuters — U.S. corn futures jumped more than 1 percent to a seven-week high on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated. Soybean futures followed corn higher, reversing earlier losses as the government’s harvest outlook […] Read more
Vietnam could halt imports of wheat containing thistle seed
Hanoi | Reuters — Vietnam might halt imports of wheat cargoes containing cirsium arvense, or thistle seed, while suggesting local importers should seek supplies from Kazakhstan, Australia and Argentina, local media reported on Thursday. Wheat importer Vietnam, whose main suppliers include Russia, Australia and Canada, has been battling with imported wheat contaminated with thistle seed […] Read more
U.S. grains: Soybeans slump on big harvest, trade war worries
Chicago | Reuters — U.S. soybean futures fell for a second day on Wednesday, shedding more than one per cent on expectations of a bumper U.S. crop and concerns about a protracted U.S.-China trade war that has already depressed demand for U.S. shipments. Corn and wheat also eased as traders squared positions ahead of a […] Read more
U.S. grains: Soy sinks on hefty supply, China trade worries
Chicago | Reuters — U.S. soybean futures retreated on Tuesday as the market braced for an anticipated increase in the government’s 2018 harvest forecast and amid concerns of a prolonged trade war with China, the world’s top soybean importer. Corn futures followed soybeans lower, easing for a second straight session as traders positioned for the […] Read more
U.S. grains: Wheat sinks on technical selling, stronger U.S. dollar
Chicago | Reuters — U.S. wheat futures fell more than one per cent on Monday on technical selling and as a stronger dollar created a headwind for U.S. exports of the grain, which are already struggling to compete in the global marketplace. Corn futures eased on Monday after two straight sessions of gains while soybeans […] Read more
Cold weather, snowfall, slow harvest progress further
Alberta crop conditions as of October 2, 2018
Reading Time: 2 minutes The month of September has been exceptionally cold across the province and, for many areas, unusually wet. Although cool damp weather conditions have halted harvest operations in many areas, this has led to normal precipitation accumulations for most areas of the province. Adding to this was the large snowfall event in the southern and western […] Read more
U.S. grains: Soybeans rise as wet Midwest weather seen halting harvest
Chicago | Reuters — U.S. soybean futures rose for the first time in three sessions on Friday as a rainy Midwest forecast fueled worries about harvest delays and potential damage to some crops. Wheat edged higher as rising global prices stirred optimism about a pickup in demand for U.S. wheat. Corn futures ended near unchanged […] Read more
U.S. grains: Corn firms as rainy Midwest outlook threatens harvest
Chicago | Reuters — U.S. corn futures firmed on Thursday on concerns that several days of rainy weather expected across the U.S. Midwest could disrupt harvesting of what is forecast to be a bumper U.S. crop. Soybeans also drew support from the wet forecast, but shed gains late in the session in a technical selling […] Read more