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U.S. grains: Wheat sags on uncertain demand outlook; corn firm, soy lower

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures fell about 1.5 per cent on Wednesday as worries about global export demand and a year-on-year rise in U.S. inventories overshadowed support from a shrinking Russian wheat crop, analysts said. Corn futures firmed while soybeans declined after the U.S. Department of Agriculture’s monthly supply/demand reports offered few market-moving surprises. Chicago Board […] Read more


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Canadian Grain Commission announces grain grading changes

Reading Time: 2 minutes The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more

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Ukraine corn production seen falling this year

Reading Time: < 1 minute London | Reuters – Ukraine’s corn production and exports are expected to fall this year with yields set to fall after extreme heat while crops were sown in April, Mykola Gorbachov, president of the Ukrainian Grain Association (UGA) said on Wednesday. “During the planting time in April we had really hot weather,” he told the […] Read more


A seeding unit sits parked in a field north of Winnipeg, Man., due to wet field conditions on June, 6, 2024.  Photo: Greg Berg

Manitoba seeding nears completion: report

Reading Time: < 1 minute Manitoba farmers made good seeding progress in early June despite wet conditions, with 92 per cent of intended acres in the ground – up nine points from the previous week, according to the latest provincial crop report for the week ended June 11. Spring cereals, peas, and grain corn were approximately 97 per cent complete. […] Read more

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U.S. grains: Wheat climbs three per cent in rally from one-month lows; soy, corn sag

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures rallied on Tuesday after a nine-session slide, with the benchmark Chicago Board of Trade (CBOT) July WN24 wheat contract lifted by bargain buying and renewed worries about crops in top global exporter Russia, brokers said. CBOT soybean and corn futures declined as market players awaited fresh direction from monthly […] Read more


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U.S. grains: Wheat to 1-month low on harvest pressure; corn, soybeans firm

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures hit their lowest in more than a month on Monday on seasonal pressure from the expanding Northern Hemisphere harvest and declining Russian wheat prices, analysts said. Corn and soybean futures firmed, consolidating after last week’s multi-week lows as traders awaited updated weekly U.S. crop ratings. On the Chicago […] Read more

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Seeding very close to wrapping up in Alberta

Reading Time: 2 minutes Spring planting in Alberta has almost wrapped up for this year, with the agriculture ministry pegging it at 97 per cent complete province-wide as of June 4. Seeding advanced 20 points on the week with the pace at the five-year average. The greatest overall progress was made in northeastern, northwestern and central Alberta. The northeast […] Read more


Open interest in the canola market was down by 14,880 contracts on the week.  Photo: File

Fund short position grows in canola

Reading Time: < 1 minute Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more