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Winter wheat

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures hit 2018 highs as supplies tighten

USDA cuts domestic soy ending stocks; traders expect more demand from China

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest prices since March 2018 after the U.S. Department of Agriculture on Friday said inventories will dwindle to a five-year low. Corn futures advanced to a one-year high, while wheat futures slumped in a setback from a five-year high reached on Thursday. […] Read more
U.S. grains: Wheat, soy futures hit multi-year highs
Crops, Markets, Reuters, Weather

U.S. grains: Wheat, soy futures hit multi-year highs

Dry weather in U.S., Russia, Argentina supports wheat prices; soybeans, corn rise as Brazil also dry for planting

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybean futures soared to multi-year highs on Wednesday as unfavourable weather threatened production in exporting countries. Dryness has raised concerns among traders about the prospects for wheat planting in the U.S. Plains and the Black Sea region and for soybean planting in Brazil. Weather in the southern U.S. […] Read more
K.C. December 2020 hard red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures jump on weather woes

CBOT corn flat, soy firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied on Monday with K.C. hard red winter wheat hitting a two-year high on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in the wheat market while soybeans closed firm on […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Funds still holding large net long position in canola

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Reading Time: < 1 minute MarketsFarm — Funds’ net long position in canola remained large during the week ended Tuesday, with only small adjustments in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 56,913 contracts […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed, reacting to futures and loonie

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by support from a weakening Canadian dollar. The currency lost roughly a full cent during the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were steady to down $2 […] Read more
(Photo: Alexandrum79/iStock/Getty Images)
Crops, Markets

Statistics Canada trims wheat production estimate

Lentil crop estimate up from August

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Reading Time: 2 minutes MarketsFarm — Canadian farmers grew less wheat in 2020-21 than earlier thought, according to updated production estimates Statistics Canada released Monday. However, the country’s wheat crop would still be the second-largest on record and well above the five-year average. Using yield models based on satellite imagery, total wheat production in the country for 2020-21 is […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund traders add to net long in canola, soybeans

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Reading Time: < 1 minute MarketsFarm — Fund traders remain bullish on soybeans and canola, adding to their net long positions in the two oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 37,682 contracts as […] Read more
Southern Alberta seed grower Greg Stamp in a field of KWS Daniello, a hybrid fall rye variety noted for its high resistance to ergot.
Cereals, Crops

Rye sees a resurgence

New high-yielding hybrids with better ergot resistance are finding a home in the pasture and feedlot

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Reading Time: 6 minutes Rye — arguably the runt of the litter among Prairie grains in recent decades — has staged something of a comeback. But this isn’t your granddaddy’s rye. Since 2016, rye’s acreage across the Prairies has been on a steady climb. Statistics Canada pegs last fall’s seedings at 352,500 acres, up from 225,000 four years ago, […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids trend higher

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Friday, taking some direction from U.S. futures. Midweek strength in the Canadian dollar had pressured basis levels, but the currency retreated to be relatively unchanged on the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were […] Read more

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