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CBOT September 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat futures top two-month high on global harvest worries

Corn, soybeans firm as U.S. weather looks hotter, drier

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures on Thursday leapt to their highest prices in more than two months as the latest crop estimates in major exporting countries like Argentina, France and Russia raised questions about global supply. Corn and soybean futures also strengthened, as weather forecasts predicted more heat and dryness […] Read more
(G3.ca)
Crops

G3’s new Vancouver terminal clears commissioning phase

Formal grand opening ceremony not happening

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Reading Time: 2 minutes Prairie grain handler G3’s new West Coast port terminal has passed its commissioning run and is now in “commercial operation,” but don’t wait for a ceremonial grand opening. Winnipeg-based G3 announced Wednesday its new 180,000-tonne capacity terminal at the Port of Vancouver is officially open, but the company has “set aside” plans for a ceremony […] Read more
(File photo by Dave Bedard)
Crops

CP, CN break records for grain shipments

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Reading Time: < 1 minute MarketsFarm — Both of Canada’s major railways moved record-breaking amounts of grain in June and set records for the most grain moved in a fiscal quarter. Canadian National Railway (CN) reported moving 2.7 million tonnes of grain to ports during the month of June, while Canadian Pacific Railway (CP) moved 2.76 million tonnes. Similarly, CN […] Read more
(Dave Bedard photo)
Crops, Reuters

Bayer puts Roundup future claims settlement on hold

Judge questions proposal for third-party scientists to rule on chemical's carcinogenicity

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Reading Time: 2 minutes Frankfurt | Reuters — Bayer was forced on Wednesday to delay part of a proposed settlement of allegations that its widely used herbicide Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims. The German company said that lawyers representing those preparing a class action had withdrawn a request for […] Read more
ICE November 2020 canola with 20-, 50- and 200-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola nears resistance

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You can’t discount at least the […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Trade looks to weather for support

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Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
CBOT September 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat hits one-month high

Global wheat production estimates shrink; U.S. crop report due out Friday

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped on Wednesday on concerns about shrinking crop production estimates in countries from France and Russia to Argentina, traders said. Prices approached a one-month high at the Chicago Board of Trade as adverse weather and lower-than-expected plantings have reduced expectations for harvests in major exporters. The neighbouring corn […] Read more
Cereals, Crops, Markets, Reuters

Saudi Arabia completes first phase of flour mill privatization

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Reading Time: 2 minutes Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more
(Dave Bedard photo)
Crops

Merged Manitoba crop groups qualify for checkoffs

Manitoba Crop Alliance also names top brass

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Reading Time: < 1 minute The new unit formed from the merger of five Manitoba crop commodity organizations is set to begin collecting checkoffs for its founding groups’ crops, starting Aug. 1. The Manitoba Crop Alliance (MCA) announced Monday it now has its designation under the provincial Agricultural Producers’ Organization Funding Act. The designation allows the new organization to collect […] Read more

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