Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders […] Read more
U.S. grains: Weather fears, short-covering lift prices
Mild winter, poor snow cover watched in Alberta, Saskatchewan
CNS Canada –– A milder than normal winter, with a lack of significant snow cover across much of Alberta and Saskatchewan, may be raising concerns in parts of the Prairies — but there is still plenty of time before spring seeding will begin. “There’s not much moisture there,” said Harry Brook, crop specialist with Alberta’s […] Read more
U.S. grains: Wheat to multiyear lows on strong dollar, crop ratings
Chicago | Reuters — U.S. wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soybean and corn futures declined for a sixth straight session, with the most-active May contracts in both markets falling to multi-week lows. At the […] Read more
U.S. grains: Corn, wheat tumble ahead of year’s end
Reuters — Chicago corn and wheat slipped on Wednesday, as concerns about potential damage to winter wheat crops moved to the background in light year-end trading. Soybeans rose on technical buying, despite forecasts for much-needed rains in parts of Brazil next week. With a lack of fresh bullish news for the grains, traders sold futures, […] Read more
Team Canada a hit with foreign wheat buyers
Buyers want to know about this year’s crop, talk about what matters most to them, and get to know the farmers who grow the wheat
Reading Time: 4 minutes It was a whirlwind visit — seven Asian nations in just 18 days — and an eye-opener for Willingdon farmer Greg Porozni. “It was a gruelling trip, but it was good,” Porozni said after his recent Team Canada mission. “All we did was travel and present and we kept moving.” The chair of Cereals Canada […] Read more
U.S. grains: Wheat drops on improving crop conditions, big stocks
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Tuesday, giving up all the prior session’s gains, as a further improvement in the condition of the U.S. winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following wheat lower and further pressured by […] Read more
Alberta Wheat Commission funds research
Reading Time: < 1 minute The Alberta Wheat Commission is investing $970,000 over five years in 13 wheat-related research projects. Projects include: effectiveness and appropriate timing of plant growth regulators; fusarium head blight resistance in spring wheat; development of soft white spring and general purpose spring wheat with higher yield potential; influence of genotype, weather, growing environment, and crop management […] Read more
Pearce: Winter wheat’s challenges go beyond just the seeding
For the past five growing seasons, winter wheat has taken it on the chin in terms of its status as one of the Big Three crops in Eastern Canada. Compared to soybeans, which have seen a steady climb to the three million-acre mark in those five seasons, wheat has suffered from poor seeding conditions with […] 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
World weather worth watching as winter hits Canada
CNS Canada –– Harvest is wrapping up in Western Canada, but seeding is just starting in other parts of the world. Here are a few of the top market influencers traders and farmers are watching heading into winter. El Nino in the Southern Hemisphere – The Southern Hemisphere is starting its wheat growing season, said […] Read more
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