Reading Time: 4 minutes Your social media pictures and tweets can actually have an impact on the international grain trade. This was one of the many things Alberta Wheat chair Gary Stanford learned on a two-week New Crop Mission to Central and South America last month. “South American countries are very happy with Canadian wheat, because they have learned […] Read more
Quality counts and tweets have an impact, grain reps on trade mission learn
A whirlwind tour of Central and South America was an eye-opener for Magrath producer Gary Stanford
Frost strikes in numerous spots in Manitoba
MarketsFarm — Numerous areas throughout the growing areas of Manitoba experienced frost, according to the province’s crop report for the week ended Monday. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of -2 C on Sept. 8. Many other areas saw […] Read more
The news is not good — but it will get better, say market analysts
Harvest is one of the worst times to look for good news in wheat markets, but prices should soon rally
Reading Time: 3 minutes It’s not hard to find bad news these days when it comes to wheat markets. Recent news stories include the USDA surprising analysts by raising its production forecast (by 59 million bushels), European wheat fields coming through a record-breaking heat wave in fine shape, and the threat from Black Sea producers continuing to rise. (For […] Read more
Winter wheat harvest varies by province
MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more
Feed weekly outlook: Varying yields make for average crop
MarketsFarm — Feed grain crop yields are expected to be about average across the Prairies as harvest has kicked off. “It appears we’ll have somewhat of an average crop, with a bunch of high-yield areas and a bunch of low yield areas averaged together,” said Jim Beusekom, president of Market Place Commodities in Lethbridge. New-crop […] Read more
U.S. grains: Corn, soy ease on warmer weather
Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more
U.S. grains: CBOT wheat rallies on short-covering
Chicago | Reuters — Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions, traders said. The short squeeze came as the winter wheat crop in the U.S. has been breaking dormancy. “I think […] Read more
U.S. grains: Wheat rallies as investors cover shorts
Chicago | Reuters — U.S. wheat futures jumped 5.5 per cent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said. Corn and soybeans also were higher after recent declines, but their gains paled in comparison with wheat as traders unwound bearish positions despite […] Read more
U.S. grains: Wheat sinks on plentiful global supply
Chicago | Reuters — U.S. wheat futures slid for a second consecutive session on Tuesday to the lowest in 10 months as cheaper exports from producers including Russia weighed on demand for U.S. supplies. Soybeans also fell, giving up the last session’s gains, as a rapidly advancing harvest in top exporter Brazil boosted global supplies. […] Read more
U.S. grains: Wheat retreats from five-week high
Chicago | Reuters — U.S. wheat and corn futures closed lower on profit-taking and a lack of market-moving news on Thursday while soybeans firmed, buoyed by concerns about the size of Brazil’s crop. Chicago Board of Trade (CBOT) March wheat settled down 4-1/2 cents at $5.21-1/2 per bushel (all figures US$). CBOT March corn ended […] Read more
Cyber-Savvy Farmer
