Chicago | Reuters — Chicago Board of Trade wheat futures galloped to another 14-year high on Thursday as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later […] Read more
U.S. grains: Wheat extends run to 14-year high on Russia-Ukraine supply threat
U.S. studying biofuel waiver to fight food inflation
Forecasting the future: What crop will be king in the coming year?
Oats is being touted as the profitability champion, but canola’s reign also looks set to continue
Reading Time: 4 minutes Scott Keller is pretty impressed with the latest crop profitability outlook from Manitoba’s Ag Department — but he’s not buying its prediction that oats will be this year’s No. 1 money-maker. Canola is still king and its reign isn’t going to end any time soon, said the grain farmer from New Norway. “Nothing will even […] Read more
U.S. grains: Corn limit up on Russia-Ukraine supply fears
Egypt cancels wheat tender amid market turbulence
Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
Grain exporters tap EU supplies as war shuts Ukraine ports
Hamburg/Paris | Reuters — Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said Friday. The conflict has rattled grain markets, with European wheat futures surging to a record high […] Read more
Early USDA forecast points to record-large 2022 soybean crop
MarketsFarm — Farmers in the U.S. could grow a record-large soybean crop in 2022, according to early predictions from the U.S. Department of Agriculture released at their annual Agricultural Outlook Forum (AOF) on Thursday. The government agency forecast soybean plantings in the country at 88 million acres, which would be up by 800,000 from the […] Read more
U.S. grains: Wheat limit up after Russia invades Ukraine
Soyoil futures hit all-time high on vegoil supply concerns
Chicago | Reuters — U.S. wheat futures spiked by their daily trading limit on Thursday to their highest since mid-2012 and corn futures touched eight-month peaks after Russian forces attacked Ukraine, exacerbating worries over global grain supplies. Soyoil futures notched an all-time high on concerns about global vegetable oil supplies amid conflict in the major […] Read more
CBOT weekly outlook: Russia-Ukraine tensions fuelling rallies
MarketsFarm — Russia’s incursion into Ukrainian territory, which has intensified an already tense standoff between Russia and the West, has had a bullish effect for grain prices on the Chicago Board of Trade (CBOT) during the week ended Tuesday, according to Scott Capinegro of Barrington Commodity Brokers at Lake Barrington, Ill. The March corn contract […] Read more
Not surprisingly, the cost of certified cereal seed is up
The price hike for wheat has been modest but barley is up sharply, says market analyst
Reading Time: < 1 minute The cost of certified cereal seed is up and will likely keep climbing in the coming year, says a provincial market analyst. In an Agri-News article in mid-February, Ryan Furtas said barley seed prices shot up eight per cent in a month and are now 26 per cent higher than the five-year average. The price […] Read more
U.S. grains: Rising Russia-Ukraine tensions stoke rallies
Most-active CBOT wheat books biggest daily jump in 3-1/2 years
Chicago | Reuters — Chicago Board of Trade wheat futures surged six per cent on Tuesday in the steepest daily jump in 3-1/2 years while corn rallied three per cent on worries that an escalating conflict between Russia and Ukraine could disrupt grain flows from the key Black Sea export region. Soybeans climbed to a […] Read more
Feed weekly outlook: Big demand lacking for barley, wheat
MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more