Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
U.S. grains and oilseeds trading South American weather/charts
Wheat rallied around Chinese purchases, soybeans came under pressure
The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.
Improved varieties contributing to rise in winter wheat acres
Acreage is still small, but more Manitoba farmers are growing the crop and reporting high profits
Reading Time: 3 minutes Glacier FarmMedia – New varieties of winter wheat are boosting the bottom line of growers and fuelling an upsurge in acres in Manitoba. “Winter wheat is the most profitable cereal crop for many farmers in our program,” said Alex Griffiths, a winter wheat specialist with Ducks Unlimited Canada in Brandon, Man. “In the past two […] Read more
Record winter crop production expected for Australia
Summer crop production seen down on year
MarketsFarm — Australia will see its highest-ever winter crop production thanks to record wheat and canola harvests, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released Monday. Winter crop production in Australia is estimated at 67.6 million tonnes, up 8.4 per cent from ABARES’ crop […] Read more
U.S. grains: Wheat futures firm; technical resistance weighs
Chicago soybeans up, corn down
Chicago | Reuters — Chicago wheat futures gained on Tuesday as traders eye winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season, though futures struggled against technical resistance. Soybeans futures ended up, though prices were pressured by a correction in the soymeal charts, traders said. Corn futures ended lower, […] Read more
CBOT weekly outlook: USDA ‘data dump’ due next week
'Minor changes' expected for corn, soy
MarketsFarm — A flurry of reports is coming from the U.S. Department of Agriculture (USDA) on Jan. 12, including its monthly supply and demand estimates, quarterly grains stocks report and winter wheat planting report, among others. Futures International analyst Terry Reilly said the multitude of the reports coming out that Thursday will essentially be a […] Read more
Ukraine keeps 2023 winter wheat sowing area forecast unchanged despite delays
Kyiv | Reuters – Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters on Tuesday. Ukraine sowed more than 6 million hectares of winter wheat for the 2022 harvest, but […] Read more
U.S. winter wheat growers seed into dust as Plains drought persists
Chicago | Reuters — With seeding roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Seeding plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting rising global […] Read more
CBOT weekly outlook: Tightening stocks underpin U.S. wheat, corn
USDA's soybean data seen as bearish
MarketsFarm — Tighter-than-expected quarterly wheat and corn stocks in last Friday’s report from the U.S. Department of Agriculture provided the biggest influence on the futures markets over the past week, with larger soybean stocks putting some nearby pressure on that market. Corn stocks in the U.S., as of Sept. 1, came in at 1.377 billion […] Read more
It’s worth trying winter-hardy crops, but success can be elusive
Reading Time: 2 minutes Profiting from winter-hardy crops can be challenging, but they’re worth planting in small test areas, says the head of research and development at Western Ag Innovations. “It’s something good to keep your eye on,” Eric Bremer said at the recent Farming Smarter field school in Lethbridge. “It’s still difficult to guarantee a good result. Winter […] Read more
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