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Wheat

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Crops, Markets, Reuters

U.S. grains: Wheat sags on uncertain demand outlook; corn firm, soy lower

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Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures fell about 1.5 per cent on Wednesday as worries about global export demand and a year-on-year rise in U.S. inventories overshadowed support from a shrinking Russian wheat crop, analysts said. Corn futures firmed while soybeans declined after the U.S. Department of Agriculture’s monthly supply/demand reports offered few market-moving surprises. Chicago Board […] Read more
Photo: Laura Rance/File
Crops, Markets

Canadian Grain Commission announces grain grading changes

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Reading Time: 2 minutes The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more
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Crops, Markets, Reuters

USDA cuts Russian wheat crop estimate after damaging frosts

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Reading Time: < 1 minute Chicago | Reuters – The U.S. Department of Agriculture cut its forecasts for Russian wheat production and exports on Wednesday, after Moscow declared federal emergencies over crop losses due to unfavourable weather. Increasing concerns about damage from drought and frosts in Russia, the world’s biggest wheat supplier, drove Chicago board of Trade wheat futures to 10-month highs in May […] Read more
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Crops, Markets, Reuters

U.S. grains: Wheat climbs three per cent in rally from one-month lows; soy, corn sag

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Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures rallied on Tuesday after a nine-session slide, with the benchmark Chicago Board of Trade (CBOT) July WN24 wheat contract lifted by bargain buying and renewed worries about crops in top global exporter Russia, brokers said. CBOT soybean and corn futures declined as market players awaited fresh direction from monthly […] Read more
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Crops, Markets, Reuters

U.S. grains: Wheat to 1-month low on harvest pressure; corn, soybeans firm

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Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures hit their lowest in more than a month on Monday on seasonal pressure from the expanding Northern Hemisphere harvest and declining Russian wheat prices, analysts said. Corn and soybean futures firmed, consolidating after last week’s multi-week lows as traders awaited updated weekly U.S. crop ratings. On the Chicago […] Read more
Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

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Reading Time: < 1 minute Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more

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