Crops
Washington | Reuters — The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State Department deputy spokesperson Vedant Patel […] Read more
U.S. says working to identify alternative paths for Ukraine grain
Danube grain facilities attacked overnight
U.S. grains: Corn up off low on weather, Black Sea tensions
Ukraine reports Russian attack on grain storage facilities
Chicago | Reuters — Chicago Board of Trade corn futures rose on Wednesday as the market recovered slightly after improved U.S. crop conditions and concerns about China’s economy pushed prices to their lowest level since December 2020. Soybean futures also rebounded from a slide on Tuesday. The gains reflected uncertainty about the size of upcoming […] Read more
Watch for post-harvest grain pests
Reading Time: < 1 minute As farmers prepare to put their next crop into storage, the Canadian Grain Commission (CGC) has some tips to help identify insects (and know if they’re pests) if they appear in stored grain. The commission identifies 20 species of insects as primary pests (19 beetle species and one species of moth). Over 33 species are […] Read more
Pulse weekly outlook: Chickpea market neither bullish nor bearish
Market players awaiting harvest
MarketsFarm — Hot and dry growing conditions earlier in the growing season cut into Canada’s chickpea yields in 2023-24, but quality should be good if the weather co-operates through the harvest. Canadian farmers planted 315,600 acres of chickpeas in 2023, which was well above the 233,800 acres seeded the previous year, according to Statistics Canada […] Read more
U.S. grains: Corn futures touch 2020 low on improved crop ratings
U.S. soybean crushings set record in July
Chicago | Reuters — Chicago Board of Trade corn futures tumbled on Tuesday to their lowest level since 2020 after a weekly report from the U.S. government showed better-than-expected crop conditions. Soybean futures also slid on improved U.S. crop ratings, while wheat reached its lowest level in more than two months. A risk-averse sentiment across […] Read more
Mix up forages to fight soil salinity
Saline land improved by a number of grasses, say researchers at Ag in Motion
Reading Time: 2 minutes A mix of grasses can help address salinity problems on marginal farmland, says a forage expert. “The nice thing about a mix is you’re kind of guaranteed that something will catch,” said Dexter Lethbridge, a product line rep with Proven Seeds for Nutrien Ag Solutions in Lethbridge, Alta. Partnering with Ducks Unlimited, Proven/Nutrien set out […] Read more
U.S. grains: Wheat down as traders shrug off Russian warning shots
CBOT soybeans close higher
Chicago | Reuters — Chicago Board of Trade wheat futures set a two-month low on Monday on increasing estimates for Russia’s production and exports, analysts said, shrugging off a Russian warship firing warning shots at a cargo ship on its way to Ukraine. Corn futures finished near unchanged after matching a recent low from 2021, […] Read more
Fund long position holds steady in canola
Net long in CBOT soybeans down on week
MarketsFarm — The managed money long position in canola held relatively steady during the week ended Aug. 8, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 8, the net managed money long position in canola futures came in at 23,753 contracts (49,339 long, 25,856 […] Read more
Prairie cash wheat: Bids run mixed to higher
Domestic wheat yields now a question mark
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were mixed for the week ended Aug. 10, while those for Canada Prairie Spring Red (CPSR) and durum were on the rise. Scattered showers brought moisture across the Prairies, but attention has now turned to harvesting a wheat crop greatly affected by hot and dry […] Read more
Little change seen in USDA’s WASDE report
U.S. corn, soy, wheat production figures down from July report
MarketsFarm — August figures from the U.S. Department of Agriculture’s (USDA) world agricultural supply/demand estimates (WASDE) provided very few surprises and not much change after their release Friday. However, crop production and carryout estimates were tightened from those in July. USDA’s 2023-24 corn production estimate declined by 209 million bushels from July to 15.111 billion, […] Read more
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