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Crops, Markets, Spring Wheat

Prairie cash wheat: Stronger loonie sends bids down

U.S. wheat futures also down on week

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Reading Time: 2 minutes MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks. […] Read more
CBOT May 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn continues climb, closes higher for fourth week

Traders watching cooler weather in U.S. southern Plains

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Reading Time: < 1 minute Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The […] Read more
CBOT May 2023 corn with 20-day moving average (green line) and July 2023 corn (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago grains close lower as weather improves

USDA reports flash corn sale to China

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Reading Time: 2 minutes Mexico City | Reuters — Chicago grains futures reversed earlier gains to close lower on Thursday, as weather improved and despite Russia saying there would likely be no extension of the wartime grains corridor deal, analysts said. Soybeans lost ground from their earlier rally as weather in the Northern Hemisphere looked clearer. “U.S. weather is […] Read more
An aerial file photo of flooding in the Red River Valley near Rosenort, Man. in May 2022. (Manitoba Co-operator photo by Allan Dawson)
Crops, Markets, Weather

CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds

Heavy snowpack remains in parts of northern Plains

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Reading Time: < 1 minute MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains up after jumpy day of Black Sea concerns

Markets await U.S. export sales data on Thursday

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Reading Time: < 1 minute Mexico City | Reuters — Chicago grains futures closed higher Wednesday, after a mixed day underpinned by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports. Soybean and corn futures settled up, regaining some ground lost earlier in the session amid a bumper soy harvest in Brazil and an […] Read more
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy stronger on predictions for Argentina crop

Black Sea supply a risk as Russia challenges corridor deal

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Reading Time: 2 minutes Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat closes higher on dry weather, Russian threats

Markets await monthly supply and demand report from USDA

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Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook in the United States, analysts […] Read more
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Crop futures slide on disappointing export sales, improved weather

Traders adjust positions before Easter weekend

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain and soybean futures crumbled on Thursday on disappointing U.S. export sales and an improved weather outlook for U.S. spring plantings, analysts said. U.S. soybean export sales for 2022-23 were 155,300 tonnes for the week ended March 30, down 42 per cent from the prior four-week average, […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Bids drift lower

U.S. wheat futures down on week

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Reading Time: 2 minutes MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Wednesday, as choppiness in U.S. futures and strength in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1.60-$6.90 per tonne across the Prairies, according to price quotes from a […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: U.S. planted acres in flux

USDA's next WASDE due out Tuesday; ending stocks expected to increase

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Reading Time: 2 minutes MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more

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