Chicago | Reuters — Chicago Board of Trade wheat futures fell on profit-taking on Friday, the day after they hit a 3-1/2 week high on concern about the condition of the U.S. winter crop, traders said. Soybeans rose as traders positioned for a monthly U.S. government crop report due Monday that could indicate tighter U.S. […] Read more
U.S. grains: Wheat falls on profit-taking; corn, soy firm
U.S. grains: Oats hit record high, soy climbs on exports, corn flat
Chicago | Reuters — Chicago Board of Trade soybean futures rose for a sixth straight session on Thursday, setting a six-week high on strong export demand for U.S. soybeans and soymeal, traders said. Thinly-traded CBOT oats surged, with the March contract soaring its daily 20-cent limit to $4.63-1/4 per bushel, the highest-ever spot oats price […] Read more
Lethbridge barley rallies by $10 since mid-January
CNS Canada — The Lethbridge barley market has appeared to have bottomed out in January, as prices have rallied by $10 per tonne in the past few weeks. “The barley market through the last two weeks has ticked up a little bit,” said Jim Beusekom, grain broker at MarketPlace Commodities in Lethbridge, Alta. “Lethbridge is […] Read more
Japan ramps up U.S., June Canada wheat buys to offset delays
Tokyo | Reuters — Japan ramped up its purchases of U.S. grains and June-arrival Canadian wheat used for making bread and noodles, in a tender awarded on Thursday, in a move to offset the possibility of extended shipping delays from Canada. Canada’s record canola and wheat harvests have clogged its rail arteries and overwhelmed its […] Read more
Cereal herbicide approved for use in canary seed crops
Nufarm’s cereal herbicide Enforcer M has picked up approval for an expanded label allowing its use in canary seed crops, and its use on more weeds and in more tank mixes. Enforcer, a post-emergent herbicide previously labelled for use in spring, winter and durum wheat and barley, is applied from the three-leaf to flag-leaf stage […] Read more
U.S. wheat futures correct higher
CNS Canada — All three U.S. wheat futures markets are finally seeing a corrective bounce, after declining steadily since October. While how much higher wheat futures can move remains to be seen, the sharp gains this week could be seen as a sign that the downtrend is over for the time being. “We’re finally coming […] Read more
CPSR wheat bids weaken amid widening basis levels
CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRSR) wheat moved lower amid widening basis levels during the week ended Monday. Canada Western Red Spring (CWRS) bids, meanwhile, were holding steady. Prices for both varieties failed to follow the U.S. futures markets higher due to continued slow movement of the crop […] Read more
U.S. grains: Soy jumps most in two weeks on tightening supplies
Corn gains second consecutive month, wheat down fourth month in row Chicago | Reuters — U.S. soybeans surged into the close of trading on Friday, finishing just below their session high and climbing for the second straight day on good demand for U.S. supplies in the early days of a bumper harvest in South America, […] Read more
Oats/corn spread narrows in, as oats rise
CNS Canada — Oats futures at the Chicago Board of Trade are currently at their strongest levels relative to corn since 2006, as Canadian logistics issues have caused nearby oats contracts to jump higher while corn values hold steady. The March oats contract gained US16 cents per bushel on Tuesday to close at US$4.1675, only […] Read more
Mixed price action seen in Prairie wheat markets
CNS Canada — Western Canadian wheat cash bids were mixed during the week ending Monday. Canada Western Red Spring (CWRS) bids were down slightly, while Canada Prairie Spring Red (CPSR) held steady and durum prices were slightly higher. Average spot bids for CWRS at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in […] Read more
Cyber-Savvy Farmer
