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Spring wheat

(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on oil drop

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a 1-1/2-month low on Thursday, pressured by a sharp drop in crude oil prices, traders said. Corn futures also weakened, with investors beating down early rally attempts due to ample global supplies and signs of poor export demand. Wheat futures were mixed, with K.C. hard red […] Read more
(Lisa Guenther photo)
Crops, Markets, Reuters

U.S. grains: Wheat, corn firm on short covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on light short covering, one day after the spot contract fell about one per cent on better-than-expected U.S. wheat condition ratings. Corn futures firmed while soybeans ended flat after a choppy session. Chicago Board of Trade July wheat settled up three cents at $4.32-1/2 […] Read more
(Photo courtesy Canada Beef Inc.)
Crops

Deadline extended for comment on cash ticket deferral

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Reading Time: 2 minutes Public consultations on the income tax treatment of deferred grain cash tickets, with an eye toward “potential elimination” of farmers’ option to defer grain income, have been extended by two months. The federal government on Tuesday said the consultation, first announced in Finance Minister Bill Morneau’s March budget and due to end Wednesday, will instead […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn falls on reassuring crop progress data

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Tuesday, halting a two-session advance as weekly U.S. planting progress data eased concerns about rain-related delays in the Midwest, analysts said. Soybean and wheat futures also declined, with wheat pressured by better-than-expected weekly U.S. condition ratings. Chicago Board of Trade July corn settled […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans rise after rains

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. “Grain futures are trying to start the week higher across the board following a soggy weekend across […] Read more
(Photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Corn hits one-week high on weather worries

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose nearly two per cent on Friday and notched a one-week high as worries about cool temperatures and excessive rains in the Midwest prompted traders to cover short positions ahead of the weekend, analysts said. Soybeans firmed following Thursday’s three per cent selloff as Brazil’s currency stabilized. Wheat […] Read more
Crops, Markets, Spring Wheat, Winter Wheat

MGEX spring wheat premium widening over winter wheat

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Reading Time: < 1 minute CNS Canada –– Concerns over poor-quality North American wheat crops have seen the Minneapolis spring wheat premium widen over Kansas City winter wheat — and that spread could grow even larger heading into the summer, according to a U.S. analyst. The nearby MGEX spring wheat contract settled up 3.75 cents on Wednesday, while the corresponding […] Read more
A wheat crop in progress on May 24, 2016 north of London, Ont. (Ralph Pearce photo)
Crops, Markets, Reuters

U.S. grains: Wheat gains as dollar sags

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed on Wednesday, supported by a tumbling dollar and unwanted rains heading for the southern Plains growing area, analysts said. Corn followed wheat higher while soybeans ended modestly lower, retreating from early gains. Chicago Board of Trade July wheat settled up 2-3/4 cents at $4.27 per bushel, after […] Read more
(Photo courtesy United Soybean Board)
Crops, Markets, Reuters

U.S. grains: CBOT soy rallies on export demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Tuesday, supported by strong export demand for U.S. supplies despite a massive crop from South American producers Brazil and Argentina. Technical buying also helped fuel a rally in the soybean market, which closed near session highs. Chicago Board of Trade soft red winter […] Read more

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