Reading Time: 2 minutes Chicago Board of Trade (CBOT) wheat futures settled up on Monday, but fell short of the three-week high that prices hit early in session.
Cereals
U.S. grains: Wheat rises on Black Sea tensions, but off three-week peak
Producers welcome change to cash advance program
After much lobbying, federal government increases interest-free portion of program to $250,000
Reading Time: 2 minutes The interest-free portion of the federal Advance Payments Program will be $250,000 this year, much to farmers’ relief. The amount had been set to drop back to $100,000 at the end of this month after sitting at $350,000 for 2023.
Large fund short position shrinking in canola
Reading Time: < 1 minute Managed money fund traders continued to chip away at their large net short position in canola in mid-March, covering more of their large bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Soybeans slide on profit taking; wheat climbs
Reading Time: 2 minutes Chicago Board of Trade soybean futures fell more than one per cent on Friday to below $12 a bushel on profit taking a day after the benchmark contract neared a two-month high as farmer soy sales and the dollar's surge added to bearish sentiment, analysts said.
Alberta barley breeding centre relaunched
Reading Time: < 1 minute "Western Crop Innovations will carry on the Field Crop Development Centre’s substantial legacy, ensuring its work is addressing the issues farmers are facing in the fields," said RJ Sigurdson, Alberta's minister of agriculture and irrigation in a news release Wednesday.
EU plans to hit Russia, Belarus grain imports with tariffs
Commission aims to curb Russian income, prevent market distortions, placate farmers
Reading Time: 2 minutes The European Commission proposed on Friday imposing tariffs on imports of grain from Russia and Belarus in an attempt to prevent Moscow and its ally from distorting EU markets and placate farmers who have protested for months over cheap imports.
U.S. grains: Soybean futures set 2-month top; corn, wheat inch higher
Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures surged to a two-month high on Thursday as worries about threatening weather in Argentina triggered speculative buying and short-covering, analysts said, but the market pared gains after the rally spurred a round of farmer sales.
Seasonal trends underpinning feed grains for now
Reading Time: < 1 minute Feed barley bids in Western Canada continue to find some support as the calendar turns to spring, with seasonal road restrictions lending some nearby support to prices.
Louis Dreyfus withstands commodity price drop to post stable profits
While less chaotic than 2022, war and weather continued to disrupt supply last year
Reading Time: 2 minutes Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.
U.S. grains: Soybeans climb back above $12 a bushel while wheat stumbles
Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures jumped two per cent on Wednesday, climbing back above $12 a bushel as commodity funds appeared to cover short positions, brokers said, while news of fresh U.S. soybean export sales and excessive rains in Argentina lent support.