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Prime Minister Justin Trudeau views damage to lobster boats from Hurricane Fiona at Stanley Bridge, P.E.I. on Sept. 27, 2022. (Photo: Reuters/Phil Matusiewicz)
General

Trudeau tours storm-hit Atlantic Canada as power outages persist

Flooding may hit P.E.I. potato crops

By
Reading Time: 2 minutes Port aux Basques, N.L. | Reuters — Prime Minister Justin Trudeau on Tuesday started a tour of Atlantic Canada, where thousands were still without power after record-setting storm Fiona ravaged the country’s east coast, tossing homes into the sea and killing at least three people. Fiona recorded the lowest barometric pressure ever for a storm […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rises on short-covering, Ukraine worries

Soy turns lower; corn ends up but down off day's high

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.6 per cent on Tuesday as worries about escalating conflict in Ukraine and a pause in the U.S. dollar’s run-up to 20-year highs spurred a round of short-covering, traders said. Corn futures also firmed but pared gains by the close, and soybean futures turned lower on technical […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soybeans sag on recession fears

Projections raised for Russian wheat crop

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than two per cent and corn and soybeans followed the weaker trend on Monday, as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favourably dry weather for the […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat joins broad commodities weakness

CBOT corn, soybeans also lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S. […] Read more
A composite satellite view of Hurricane Fiona nearing Nova Scotia at about 6 p.m. local time on Sept. 23, 2022. (U.S. National Hurricane Center image, NOAA.gov)
General, Reuters, Weather

Fiona pounds Bermuda as Canada braces for major jolt

Up to eight inches of rain expected along path

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Reading Time: 3 minutes Hamilton, Bermuda/Halifax, N.S. | Reuters — Hurricane Fiona pounded the Atlantic island of Bermuda with heavy rain and winds on Friday as it tracked northward toward Eastern Canada, where it threatens to become one of the most severe storms in Canadian history. Fiona had already battered a series of Caribbean islands earlier in the week, […] Read more
File photo of wild horses running on grasslands in Nova Scotia’s remote Sable Island National Park Reserve. (Photo by Sarah Medill/Parks Canada/Handout via Reuters)
General, Reuters, Weather

Wild horses face unruly storms as Fiona nears East Coast

Damages feared to buildings, utilities, crops

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Reading Time: 2 minutes Ottawa | Reuters — Shaggy, long-maned wild horses grazing freely on the sandy grasslands of the crescent-shaped Sable Island in the North Atlantic are expected to come under the swipe of a powerful storm forecast to hit Eastern Canada this weekend. Hurricane Fiona, tracking northward after carving a destructive path through the Dominican Republic and […] Read more
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Barley, Crops, Markets

Feed weekly outlook: Good grain yields seen in Saskatchewan, Manitoba

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Reading Time: < 1 minute MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production. “Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

Global wheat production rises, corn drops

IGC sees only slight changes in soy crop

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Reading Time: 2 minutes MarketsFarm — The International Grains Council (IGC) in London raised its estimate of total world grain production for 2022-23 from its August report, with most of the increases coming in wheat. Overall, the IGC projected total production to reach 2.256 billion tonnes, adding eight million from last month. Most of that came from higher harvest […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (dark green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat reaches two-month high on Ukraine worries

Corn firm, soy eases

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures set fresh two-month highs on Thursday, buoyed by risks of a deepening conflict in Ukraine and dry weather in crop areas of Argentina and the U.S. Plains, traders said. Commodity funds hold a net short position in Chicago Board of Trade wheat futures, leaving the market prone to […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S, grains: Wheat climbs as Ukraine war escalation feared

Corn, soybean futures retreat

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit their highest in more than two months on Wednesday on fears of an escalation in the Ukraine war that has disrupted crucial Black Sea grain exports, but pared gains as worries about the health of the global economy pressured the wider commodities sector. Corn and soybean futures […] Read more

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