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Spring wheat

CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn posts steepest drop in three years on USDA acreage view

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more
Cigi staff evaluate wheat flour for use in oriental noodles. (Cigi photo)
Cereals, Crops

Cigi, Cereals Canada agree to pursue amalgamation

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Reading Time: 5 minutes The boards of the Canadian International Grains Institute (Cigi) and Cereals Canada have agreed to pursue amalgamation by March 31, 2020. That’s if a proposal, yet to be developed, is approved by the two bodies’ member organizations, leaders Dean Dias and Cam Dahl, said Friday in separate interviews. “During the past week, both boards have […] Read more
CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy retreat as farm belt heats up

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects. Wheat futures ended mixed as improved harvest weather in the U.S. Plains winter wheat belt offset support from […] Read more
CBOT September 2019 corn (candlesticks) and MGEX September 2019 wheat (orange line). (Barchart)
Crops, Markets

CBOT weekly outlook: USDA’s acreage report could push up prices

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Reading Time: 2 minutes MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

StatsCan: Less canola and durum, more barley and oats

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Reading Time: 2 minutes MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more
U.S. grains: Corn up as crop ratings ease
Crops, Markets, Reuters

U.S. grains: Corn up as crop ratings ease

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures rose for a second straight day on Tuesday after the U.S. Department of Agriculture said the condition of U.S. crops deteriorated last week following rain, although gains were pared late in the session on improving weather. Soybeans turned lower on forecasts for a window of warmer and drier […] Read more
Ardent Mills’ baking mix plant at Burlington, between Toronto and Hamilton, is now part of Michigan-based baking ingredient firm Dawn Foods. (ArdentMills.com)
Cereals, Crops

Ardent Mills sells Ontario bakery ingredient plant

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Reading Time: 2 minutes Flour miller Ardent Mills plans to push off further from the sweet baking ingredient business, with a deal to sell its southern Ontario ingredient mix plant. Denver-based Ardent said Monday it closed a deal the previous Friday to sell its Burlington, Ont. plant to U.S. bakery ingredient processor Dawn Foods. The deal’s financial terms weren’t […] Read more
Kansas City September 2019 hard red wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat rises on global weather worries

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more
CBOT July 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn ease as traders expect improving weather

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures slumped on Friday on expectations that crops may benefit next week from a break in the rains that stalled plantings across the American Midwest this spring. Widespread storms caused unprecedented delays in corn plantings and prevented farmers from planting crops across millions of acres. The weather […] Read more

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