Reading Time: 2 minutes A grain rally at the Chicago Board of Trade (CBOT) during the week ended May 8 has seemed to run out of steam.
Oilseeds
CBOT Weekly: Focus on weather interrupted by USDA report
Manitoba seeding progress made, but behind average pace
Reading Time: 2 minutes Planting progress in Manitoba advanced a little bit during the week ended May 7, with four per cent of the province’s crops in the ground. With the bulk of the seeding in the central region, that’s up two points from the previous week but five behind the five-year average.
Thunder Bay grain shipments up to start season
Reading Time: < 1 minute Grain shipments out of the Port of Thunder Bay are running well ahead of average through the first few weeks of the 2024 shipping season.
Brazil floods hit food silos, disrupt routes to major grains port
Reading Time: 2 minutes Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
U.S. grains: Chicago grains back off highs on weather outlook, USDA data
Reading Time: 2 minutes Chicago wheat fell on Tuesday from peaks not seen since December, while corn eased from four-month highs as investors gauged the impact of harsh weather in some major production zones.
Most Canadian grain stocks tighter than a year ago
Reading Time: 2 minutes For many of Canada’s major crops, their holdings came in lower than a year ago, as Statistics Canada released its stocks of principal field crops as of March 31 report. There were declines in all wheat, durum, oats, corn, lentils and peas, but there were increases for barley and canola while soybeans were relatively steady.
Attaché projects small increases in Argentina soybeans
Reading Time: 2 minutes Soybean production in Argentina has been projected to increase slightly in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires.
U.S. grains: Wheat resumes fall after rain, soy up on technical trading
Reading Time: < 1 minute Chicago Board of Trade (CBOT) benchmark wheat futures fell on Wednesday after ticking up in the early session as much-needed rainfall reaches key wheat-growing areas of the U.S. Plains and southern Russia.
Railway strike vote dismays farmers
Grain Growers of Canada calls on railways, workers to resolve their differences
Reading Time: < 1 minute Grain Growers of Canada is sounding the alarm over a potential strike by workers at both of the country’s major railways.
ICE Canada Weekly: Almost no chance of bullish path for canola
Reading Time: 2 minutes There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.