U.S. soybean futures rose on Thursday on signs that demand will keep domestic supplies tight until harvest, while corn weakened due to forecasts for more crop-boosting rain in the U.S. Midwest, traders said. “The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we […] Read more
GRAINS: Soybeans, wheat firm on strong exports; corn weakens on weather
W. Canada spring wheat, durum yields look second-biggest ever: crop tour
Reuters — Western Canada spring wheat and durum yields this year look to fall from last year’s high levels, but the still bountiful production should offset some losses from flooded farms, leaders of a crop tour said on Thursday. The inaugural Cereals North America Canadian crop tour pegged spring wheat yield potential in the region […] Read more
Aug. 1 brings grain grading and other changes
A number of grain grading and variety classification changes take effect Aug. 1, the first day of the new 2014-15 crop year, the Canadian Grain Commission (CGC) said in a news release. Producer cars also must now be ordered online, although farmers still have the option of ordering via fax. The new online ordering system […] Read more
GRAINS – U.S. corn, soybeans, wheat drop after recent gains
CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […] Read more
Stripe rust update: July 24, 2014
Weather providing good infection conditions, but development progressing slowly
Reading Time: < 1 minute Dr. Denis Gaudet at AAFC-Lethbrige, and his crew, surveyed fourteen winter wheat and 22 spring wheat fields were surveyed for stripe rust in the Lethbridge, Warner, Taber, Forty Mile and Cypress counties of southern Alberta. Regular thunder showers and cool evening temperatures have provided good infection conditions for development of stripe rust. However, stripe rust […] Read more
GRAINS: Corn bounces but posts 5th weekly loss on supply pressure
Reuters — U.S. corn futures inched higher on bargain buying Friday but posted a fifth consecutive weekly loss as expectations of record yields in this autumn’s harvest continued to hang over the market, traders said. Wheat rose on short-covering buying as the market consolidated above contract lows set this week, while soybeans ended mixed. At […] Read more
GRAINS: U.S. soybeans extend advance on exports, weather worries
Reuters — U.S. soybean prices rose to a near two-week high on Thursday on firm export demand and concerns that dry weather in parts of the Midwest crop belt might jeopardize yield prospects, traders said. Corn futures fell to fresh four-year lows, retreating from early gains, and wheat also fell. At the Chicago Board of […] Read more
U.S. spring wheat yield prospects best in 22 years
Fargo, North Dakota/Reuters — The 2014 U.S. hard red spring wheat crop was projected to yield 48.6 bushels per acre, scouts on an annual crop tour said Thursday, the tour’s highest forecast in at least 22 years. The estimate was based on samples from 373 spring wheat fields assessed during the Wheat Quality Council’s three-day […] Read more
GRAINS: Soybeans hit over one-week high, U.S. old-crop supply tightens
Reuters — Front-month soybean futures rose to their highest level in more than a week on Wednesday, supported by firming U.S. cash markets as supplies of old-crop soybeans dwindle with the autumn harvest still about two months away, traders said. Corn futures fell to a fresh four-year low while wheat was mixed in choppy trade. […] Read more
ND wheat tour continues — yields variable in northwest
Bowbells, North Dakota/Reuters — Spring wheat yield potential in northwestern North Dakota was seen as variable, with much of the crop behind its typical development schedule following late planting, scouts on an annual tour found on Wednesday. On one route through Ward, Mountrail and Burke counties, scouts on the Wheat Quality Council’s annual tour projected […] Read more
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