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Spring wheat

(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat drops to lowest since 2010

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.4 per cent on Tuesday to their lowest in nearly six years, weighed down by huge global supplies and spillover weakness from falling crude oil, traders said. The amply stocked supply chain also weighed on corn and soybean futures as the start of the […] Read more
(Bob Nichols photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Strong exports support corn, soybeans

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to their highest in nearly three weeks on Monday, supported by technical buying and signs of stronger-than-expected export demand, traders said. Overseas interest for U.S. supplies also supported corn futures, which rose to their highest since Feb. 5, while wheat weakened due to a firm dollar and […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Prices steady on short-covering, gain for week

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Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybeans were roughly flat on Friday, stabilizing amid a lack of fresh fundamental news following steep gains earlier this week tied mostly to investor short-covering, traders and analysts said. Corn and soybean futures each were unchanged to slightly lower at the Chicago Board of Trade after prices failed […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat down on ample supplies

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell more than one per cent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for U.S. supplies, traders said. Corn and soybean futures also declined. At the CBOT, March wheat settled down 6-1/4 […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters, Spring Wheat

Egypt writes to wheat suppliers on ergot, hoping to win confidence

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Reading Time: 2 minutes Abu Dhabi | Reuters — Egypt’s Agriculture Ministry sent a letter to traders saying it will allow an ergot fungus tolerance level of 0.05 per cent in wheat imports, hoping suppliers will make offers in international purchase tenders for the strategic grain. Disputes about ergot content level have disrupted top buyer Egypt’s wheat imports in […] Read more
(HuskyEnergy.com)
Crops, Markets, Reuters

U.S. grains: Prices jump on short-covering, oil rise

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade corn futures gained for the second straight day on Wednesday, as the grain market enjoyed a price bump from investors continuing to cover short positions and as crude oil prices rose. Front-month CBOT March corn cracked through several moving averages during the day — including the 50-day […] Read more
Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Crops, Reuters, Spring Wheat

GrainCorp to join buyer group for Australian wheat marketer

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Reading Time: < 1 minute Sydney | Reuters — Australia’s GrainCorp said Wednesday it was joining a consortium that plans to acquire, then list, Western Australia’s grower-owned Co-operative Bulk Handling Ltd (CBH), the country’s largest wheat exporter. The proposal is led by Australian Grains Champion, a Western Australian grower-led initiative. The acquisition would be valued at A$3 billion (C$2.96 billion), […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets, Reuters

U.S. grains: Prices rise on short-covering, slow loadings in Brazil

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures climbed to a 1-1/2-week high on Tuesday while wheat and corn each gained about one per cent, boosted by investor short-covering and a backlog of export loadings at Brazilian ports. Prices rose as trade resumed following a three-day weekend due to Monday’s U.S. Presidents Day holiday. They were […] Read more
(Country Guide file photo)
Cereals, Crops, Markets

Prairie wheat bids drift down with U.S. futures

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Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada edged lower in most locations during the week ended Friday, as losses in the U.S. futures weighed on values. However, basis levels saw some slight improvement in many locations, as Canadian wheat has continued to see more stable export demand compared to U.S.-origin supplies. Average […] Read more

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