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Spring wheat

(USDA.gov via Flickr)
Crops, Markets, Reuters

USDA’s corn, stocks view misses forecasts; prices surge

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Reading Time: 2 minutes Washington | Reuters — U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, and corn and soybean production was smaller than previously estimated, the U.S. […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie spring wheat bids move higher

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Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures also rose during that timeframe. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9-$10 per tonne during the period, according to price quotes from a cross-section of delivery points across the Prairie […] Read more
(Michael Thompson photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat falls from three-week high

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped two per cent on Monday on technical selling and profit-taking after touching three-week highs last week, while traders eyed an eagerly awaited series of government reports on crops due on Tuesday. Corn and soybeans also fell, with declines in broader commodities markets amid fresh investor concerns about […] Read more
(Michael Thompson photo courtesy ARS/USDA)
Crops, Markets, Spring Wheat, Winter Wheat

U.S. wheat up with short-covering, but more downside possible

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Reading Time: 2 minutes CNS Canada — U.S. wheat futures hit contract lows over the past week, before seeing a short-covering correction in recent days. However, with ample world supplies and poor export demand, the path of least resistance likely remains lower, according to market participants. The fundamentals are pretty bearish for wheat, but the market structure is looking […] Read more
(Stephen Ausmus photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat surges on short covering

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Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures firmed on Friday on technical buying and short-covering as investors squared positions before a key government crop report due to be released on Tuesday. Stabilizing global equities markets following steep losses to start the year offered underlying support to grains. Wheat futures notched the strongest gains […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn approaches seven-month low on poor exports, big supply

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures neared a seven-month low on Thursday on concerns about poor export demand and large world supplies. Soybean futures also traded mostly lower, while wheat futures jumped on technical buying. Corn traders focused on exports and stockpiles before the release next week of U.S. Department of Agriculture data. Analysts […] Read more
(Jack Dykinga photo courtesy ARS/USDA)
Crops, Spring Wheat

Genetic codebreaking on wheat years ahead of schedule

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Reading Time: 2 minutes Sequencing the infamously complex genome for bread wheat — a game-changing task for wheat breeding that’s been estimated to take four or five more years — may now just take another couple of years, following a milestone announced Wednesday. The International Wheat Genome Sequencing Consortium (IWGSC), a team co-led by Canadian researchers, announced Wednesday it […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat rise in short-covering bounce

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Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybean futures rebounded from early-session losses on Wednesday in a technical short-covering bounce as investors squared positions ahead of a U.S. Department of Agriculture crop report due early next week. Corn and wheat futures posted fresh contract lows in nearly all months and soybeans hit a 6-1/2-week low […] Read more
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Markets, Reuters, Spring Wheat

Egypt’s new wheat requirement could delay supplies

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Reading Time: 3 minutes Cairo/Abu Dhabi | Reuters — Egypt, the world’s largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders for the politically sensitive commodity. The new requirement — for a complete absence of ergot, a common fungus found in grains — could disrupt the […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Short-covering spurs slight gains in corn, soy, wheat

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Tuesday as investors used the previous session’s sharp declines to take profits on bearish bets they had placed on the commodities sector, traders said. But concerns about a weaker global economy cutting into demand limited buying and all three commodities closed below […] Read more

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