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CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat soars as Russia eyes export curbs

Tightening supplies underpin corn, soybeans

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops […] Read more
CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy retreat as USDA’s supply cuts disappoint

Renewed talk of Russian export curbs supports wheat

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures turned lower on Thursday after the U.S. Department of Agriculture (USDA) trimmed its soybean supply outlook by less than expected and left its corn stocks view unchanged in an monthly report. Wheat futures pulled back from early highs on spillover pressure from retreating corn and soybeans, […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Some surprises in USDA’s WASDE

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture has thrown a few curveballs in an otherwise mundane supply-and-demand report issued Thursday, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Although USDA, in its December world agricultural supply and demand estimates (WASDE), lowered soybean ending stocks for the 2020-21 marketing year, the cut wasn’t […] Read more
In this photo from Mike Cowbrough’s October 2019 Pest Patrol column in Country Guide, light-green waterhemp plants approach the top of a soybean canopy after two ineffective applications of glyphosate. (Supplied photo)
Crops

Group 27 herbicide resistance arrives in Canada

Mesotrione-resistant waterhemp confirmed in Quebec

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Reading Time: 2 minutes A persistent and fiercely competitive weed that has developed resistance to several herbicide groups since its arrival in Canada is now the first in the country to fight off a Group 27 product. Quebec’s Reseau d’avertissement phytosanitaire (RAP) last Friday reported a patch of waterhemp with resistance to mesotrione herbicide in the Haut-Richelieu municipality, in […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Prairie prices remain strong

Exports, domestic use both up on year

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Reading Time: 2 minutes MarketsFarm — Feed grain prices in Western Canada held steady during the first week of December as solid export demand from China continues to underpin the domestic feed market. “Demand has backed off a little bit for December. We’ve seen a flattening [of prices], but I think that’s just a step back for now,” said […] Read more
ICE January 2021 canola with Bollinger (20,2) bands and 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola entering holiday mode

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more
CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures rebound on short covering, pre-report positioning

Wheat bounces from two-month low

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and grain futures firmed on Wednesday in a short-covering rebound from prior session losses and as investors took positions ahead of a monthly U.S. Department of Agriculture (USDA) supply and demand report on Thursday. Wheat, which hit a two-month low this week, posted the strongest advance, while improving crop […] Read more
(Dave Bedard photo)
Crops

Federal work/rest rules to be updated for railway workers

More clarifications coming, Teamsters say

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Reading Time: 3 minutes A perennial sticking point in work stoppages and labour disputes at Canada’s two major railways is expected to be at least somewhat addressed within the next two and a half years. Federal Transport Minister Marc Garneau on Nov. 25 announced what’s billed as the first updates to the Duty/Rest Rules for Railway Operating Employees since […] Read more
Farmers attend a protest during a nationwide strike against newly passed farm bills at the Singhu border near Delhi on Dec. 8, 2020. (Photo: Reuters/Anushree Fadnavis)
Crops, Markets, Reuters

Farmers protest across India against Modi’s farm market reforms

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Reading Time: 2 minutes New Delhi/Mumbai | Reuters — Farmers’ protests against new laws liberalizing agricultural markets spread across India on Tuesday, as farm organizations called for a nationwide strike after inconclusive talks with Prime Minister Narendra Modi’s government. In eastern and western states, farmers blocked roads and squatted on railway tracks, delaying hordes of people getting to work, […] Read more
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans sink on South American rains, slowing demand

Wheat pressured by bumper crops in Australia, Canada

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices […] Read more

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