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Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids

Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million

Reading Time: 2 minutes The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.



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Farmers demand incentives for environmental changes

A final strategy was to be released in late 2023 but feds now say it will be sometime this year

Reading Time: 2 minutes A federal environmental strategy for the agriculture sector should be viewed through an economic lens, says a report from consultations on the proposed Sustainable Agriculture Strategy.


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Australia achieves average wheat, barley harvests

Total exports down, but percentage going to China increased

Reading Time: 2 minutes Australian wheat and barley came away with average crops for 2023/24, as the threat of dryness caused by an El Niño posed a major challenge, according to the United Stated Department of Agriculture attaché in the country’s capital of Canberra.




CBOT Corn ZCH24 on Jan. 24 with Bollinger bands. (Barchart)

U.S. grains: Corn up 1.3 per cent on South America weather worries, softer dollar

Wheat futures ended up 2.4 per cent on technical buying and weakness in the dollar

Reading Time: 2 minutes Chicago Board of Trade corn futures rose 1.3 per cent on Wednesday as uncertainty about crop prospects in South America and a setback in the dollar triggered a round of short-covering and lifted the benchmark corn contract Cv1 from three-year lows set last week, traders said.