CNS Canada — Cash wheat bids across Western Canada moved higher during the week ended Friday, as basis levels showed some improvement at most locations. Average Canada Western Red Spring (CWRS) wheat prices were up by C$7-$8 per tonne on average across the three Prairie provinces, according to price quotes from a cross-section of delivery […] Read more
Prairie wheat bids up as basis improves
U.S. grains: Wheat jumps more than four per cent on weather concerns
Chicago | Reuters — U.S. wheat futures surged more than four per cent on Monday as recent floods in parts of Texas and forecasts for continued dry weather in the U.S. Plains buoyed the market that had been falling in recent weeks. Futures prices for corn crept higher as U.S. farmers continued to cling to […] Read more
U.S. grains: Wheat mostly lower on technical selling
Chicago | Reuters — U.S. wheat and soybean futures were mostly lower on Friday, in a technical selloff and as the U.S. dollar rose to its highest in two months against a basket of currencies. Prices trimmed losses while corn futures turned higher late in the session, lifted in part by the expiration of November […] Read more
U.S. grains: Corn, soy turn lower on technical selling, dollar surge
Chicago | Reuters –– U.S. corn and soybean futures turned lower on Thursday, reversing from one-week highs on technical selling and pressured by steep gains in the dollar that made U.S. commodities less attractive in export markets. Wheat futures also fell, retreating from gains early in the session at the Chicago Board of Trade. The […] Read more
U.S. grains: Soyoil tops two-month high on export sales
Chicago | Reuters — U.S. grain and oilseed futures advanced on Wednesday, with export sales driving soybean oil prices to their highest in more than two months. Exporters struck deals to sell 40,000 tonnes of U.S. soybean oil, including 20,000 to China and 20,000 to unknown destinations, the U.S. Department of Agriculture said. The deals […] Read more
U.S. wheat futures expected to retest nearby lows
CNS Canada –– U.S. wheat futures may have corrected off of nearby lows, but the nearby path of least resistance remains pointed lower, according to a market analyst. “In the big picture, we have plenty of supplies and demand has been lacklustre,” said Randy Martinson of Progressive Ag at Fargo, N.D. With export demand eroding, […] Read more
U.S. grains: Corn up on bargain buying after five-week low
Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions. Corn jumped from a five-week low and soybeans gained for the first time in five sessions. Wheat bounced from […] Read more
U.S. grains: Wheat hits four-week low as relieving rains forecast
Chicago | Reuters –– U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said. Showers this week were likely to benefit parched wheat fields in Russia and the southern U.S. Plains […] Read more
Prairies see high-protein wheat crop, but few premiums
CNS Canada –– Every year is a different story for wheat crop quality and protein levels — but the saturation of high-protein wheat in the market may mean fewer premiums for Prairie growers this year. The premium price for high-protein wheat has eroded to the point where there’s a shift from grain companies in the […] Read more
U.S. grains: Wheat falls below $5 on global supply, forecasts
Chicago | Reuters –– Chicago Board of Trade wheat futures fell roughly two per cent on Friday, dropping below US$5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said. Corn firmed after hitting a one-month low ahead of a busy U.S. harvest weekend. Soybean futures fell on […] Read more
Cyber-Savvy Farmer
