Reading Time: < 1 minute Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.
Wheat
U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
CBOT Weekly: Weather, fund buying raises prices
Reading Time: 2 minutes Despite the majority of all three major United States crops being in good to excellent condition, hot weather and speculative fund buying have lifted prices at the Chicago Board of Trade (CBOT).
Manitoba Crop Report: Crops grow with additional heat
Reading Time: 2 minutes Warmer conditions helped crops across Manitoba advance in their development during the week ended July 21, according to the province’s weekly crop report.
U.S. grains: Soybeans, corn touch two-week highs on short-covering, weather
Reading Time: 2 minutes The price rally in Chicago Board of Trade (CBOT) corn futures extended into a second day on Tuesday, with the most-active contract Cv1 reaching a two-week high, as traders began to focus on weather-related impacts on the U.S. crop and short-covering, market analysts said.
AAFC makes changes in July estimates
Reading Time: 2 minutes Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.
U.S. grains: Soybeans rebound as market unwinds some of its ‘Trump trade’
Reading Time: 2 minutes Chicago Board of Trade soybean futures jumped on Monday on a flurry of short covering, with prices rebounding from last week's 2020 lows as traders re-evaluated the U.S. political landscape after U.S. President Joe Biden abandoned his reelection bid on Sunday.
U.S. grains: Wheat rebounds on short covering, global weather worries
Reading Time: 2 minutes Chicago Board of Trade wheat futures climbed on Friday on short-covering and concerns over weather in wheat-growing areas of the U.S. Plains and globally.
Alberta crops holding their own for now
Reading Time: 2 minutes Alberta reported its crops were still in good shape despite temperatures pushing above 30 degrees Celsius and a lack of rain as of July 16. The report put the overall rating for the province’s crops at 74 per cent good to excellent, seven points above the five-year average.
Prairie Wheat Weekly: Canadian prices drift
Reading Time: 2 minutes Cash wheat prices across the Canadian Prairies varied the week ended July 18, despite the United States wheat complex being lower. Canada Prairie Red Spring Wheat was mixed, while Canadian Western Red Spring Wheat, and Canadian Western Amber Durum down hard, particularly durum prices.
U.S. grains: Soybeans bounce from near 4-year low; corn and wheat decline
Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures rose on Thursday on bargain buying and signs of renewed export demand after the most-active contract Sv1 fell to a nearly four-year low in early trading, analysts said.