(Country Guide file photo)

Prairie cash wheat: Weaker loonie battles lower U.S. futures

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday saw prices for Canada Western Red Spring (CWRS) wheat on either side of steady. Prices for Canada Prairie Spring Red (CPSR) saw a greater range of losses and gains, while prices for Canada Western Amber Durum (CWAD) were steady to higher. There was […] Read more

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Feed weekly outlook: Seasonal restrictions underpin grains

Coronavirus fallout being watched

Reading Time: < 1 minute MarketsFarm — Seasonal weight restrictions and spring road bans are providing some underlying support for feed grain bids in Western Canada, with the COVID-19 coronavirus outbreak also being followed closely. “Winter weights are coming off, which is restricting the areas (feedlots) can pull from,” said Allen Pirness, of MarketPlace Commodities in Lethbridge, adding “there’s a […] Read more


CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat firm, corn flat as financial markets steady

CBOT soybean futures sag

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures closed fractionally higher on Friday and corn ended flat, stabilizing as wider financial markets regained some ground after plummeting on fears of the economic fallout from the global coronavirus outbreak. But soybean futures fell, hitting life-of-contract lows as crop weather in South America improved, bolstering expectations of large […] Read more

CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy drop to six-month lows

Wider markets sell-off continues

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell to six-month lows on Thursday as another rout on Wall Street underscored uncertainty about economic fallout from the coronavirus pandemic as well as demand for agricultural commodities, analysts said. Wheat futures followed the weak trend. Chicago Board of Trade May corn settled down 8-3/4 cents […] Read more


CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, wheat decline as Wall Street tumbles

Chicago soy turns lower

Reading Time: 2 minutes Chicago | Reuters — Chicago corn and wheat futures declined on Wednesday, following as Wall Street equity markets fell sharply on fears of the coronavirus causing a global recession and a lack of immediate U.S. measures to counter the economic fallout. Soybean futures turned lower, erasing early advances tied to a pick-up in export demand […] Read more

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USDA’s supply and demand report largely stands pat

Reading Time: 2 minutes MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant USDA’s March […] Read more


CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy, corn follow broad market rebound

Investors keep eye on stimulus proposals

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures each rose for the first time in four sessions on Tuesday as expectations of policy action to curb economic fallout from the coronavirus outbreak helped financial markets regain ground after a day-earlier drubbing. Wheat futures also closed higher in technical moves after a choppy session, although […] Read more

CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn follow as global markets slump

Wheat turns higher

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than two per cent on Monday and corn fell nearly one per cent as concern over the economic fallout from the coronavirus and a crash in crude oil prices pushed equities and other commodities sharply lower. Wheat futures on the Chicago Board of Trade turned higher, […] Read more


(File photo by Dave Bedard)

Fund traders cover some bearish bets in canola, soybeans

Reading Time: < 1 minute MarketsFarm — Fund traders were buying back short positions in canola, soybeans and corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). In the wheat market, however, they were on the other side. The net managed money short position in ICE […] Read more

CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy, wheat slide with financial markets

Drop in oil prices adds pressure on corn

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the […] Read more