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Crops Crops

(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Prices a mixed bag

U.S. futures, loonie down on week

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Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada saw gains and losses for the week ended Thursday, due to declines in U.S. markets and a lower Canadian dollar. Canada Western Red Spring (CWRS) wheat was mixed with some losses, but prices steady to higher in six of the Prairie regions. Canada Prairie Spring Red (CPSR) was […] Read more
The U-shaped DOT A-U1 “loads” a SeedMaster row-crop planter on to its platform during a demonstration at Canada’s Outdoor Farm Show in September 2019. (Ralph Pearce photo)
Crops, Machinery

U.S. firm buys remaining stake in DOT Technology

Majority owner Raven Industries buys full control

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Reading Time: 2 minutes The U.S. precision ag manufacturer holding the controlling stake in a made-in-Canada self-guiding farm equipment platform has made a deal to buy up the balance. Raven Industries, which last November bought an undisclosed majority ownership share in DOT Technology — with an option to buy the remaining stake in the following 10 years — announced […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley, wheat remain firm

Feed corn values follow U.S. ethanol lower

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Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat tumbles on weak export sales, recession fears

Corn, soybeans rise on crude oil rally, but end mixed

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for a fourth straight session on Thursday, extending prior-day losses that were the worst in 7-1/2 months as weak U.S. export sales data stoked concerns about the coronavirus pandemic destroying demand. Soybeans and corn ended mixed as early short-covering and spillover support from sharply higher crude oil […] Read more
Michele Manelli.
Grapes, Guide Business

Michele Manelli — game changer in the world of wine

Here’s what happens when a young Italian abandons a flourishing financial career to “go farming”

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Reading Time: 7 minutes I first met Michele Manelli two decades ago at Salcheto, the five-hectare vineyard he had recently bought. Nestled into a Tuscan hillside, at the end of a dirt road, it was billed as one of the finest parcels of land in the Montepulciano area, 250 kilometres northeast of Rome’s airport. The Salcheto story and his […] Read more
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Pandemic drives Chicago prices lower

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Reading Time: 2 minutes MarketsFarm — The COVID-19 pandemic has continued to pressure U.S. markets, including the Chicago Board of Trade (CBOT), according to Scott Capinegro, president of Barrington Commodities at Barrington, Ill. “It’s like that movie Groundhog Day. You wake up and it’s the same thing every day,” Capinegro said. There’s a domino effect in the grain industry […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat posts steepest drop since August

Soy drop biggest in 2-1/2 weeks; corn extends losses on big supply, weak ethanol demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat prices fell more than three per cent on Wednesday as coronavirus fears dragged down equities markets and lifted the dollar, sending Chicago wheat futures to their steepest decline in 7-1/2 months. Soybeans fell more than two per cent, the most in 2-1/2 weeks, and most corn contracts posted fresh […] Read more
New-crop CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn drops after USDA pegs plantings above expectations

USDA forecasts largest U.S. corn acres in eight years

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures settled lower on Tuesday after the U.S. Department of Agriculture (USDA) forecast 2020 plantings at the largest in eight years, well above trade expectations, while soybeans firmed on a lower-than-anticipated acreage outlook. A tighter-than-expected USDA quarterly corn stocks estimate limited losses, but most contracts notched life-of-contract lows after […] Read more

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