Reading Time: 2 minutes Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
U.S. grains: Wheat soars on new data, Russia’s annexation move
Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks
U.S. grains: Soybeans firm on exports, mixed harvest results
CBOT wheat eases after earlier gains; Russia's annexation plans in focus
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
Saskatchewan harvest advances under varied rainfall
Harvest ahead of five-year average
Reading Time: 2 minutes MarketsFarm — Saskatchewan’s harvest progressed during the week of Sept. 20-26 despite variable weather conditions across the province, according to Saskatchewan’s weekly crop report released on Sept. 29. As of Sept. 26, 81 per cent of the province’s harvest was complete, up eight percentage points from the previous week and six points ahead of the […] Read more
CBOT weekly outlook: ‘Lots of moving parts’ in grain markets
Reading Time: 2 minutes MarketsFarm — As the U.S. dollar strengthened to levels unseen in 20 years over the past week, the prices for many commodities took a tumble, including Chicago Board of Trade (CBOT) corn, wheat and soybeans. However, other factors are in play when it comes to prices, according to one trader. “You’re coming into harvest here. […] Read more
U.S. grains: Wheat, corn, soybeans sag on recession fears
Projections raised for Russian wheat crop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than two per cent and corn and soybeans followed the weaker trend on Monday, as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favourably dry weather for the […] Read more
U.S. grains: Wheat joins broad commodities weakness
CBOT corn, soybeans also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S. […] Read more
Feed weekly outlook: Good grain yields seen in Saskatchewan, Manitoba
Reading Time: < 1 minute MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production. “Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality […] Read more
Global wheat production rises, corn drops
IGC sees only slight changes in soy crop
Reading Time: 2 minutes MarketsFarm — The International Grains Council (IGC) in London raised its estimate of total world grain production for 2022-23 from its August report, with most of the increases coming in wheat. Overall, the IGC projected total production to reach 2.256 billion tonnes, adding eight million from last month. Most of that came from higher harvest […] Read more
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
Pulse weekly outlook: Manitoba peas, dry beans showing good results
Early harvests show some 'exceptional' bean yields
Reading Time: 2 minutes MarketsFarm — Harvests of Manitoba’s two major pulse crops are already seeing high yields, according to Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk. Despite a wide range of results across the province, Domitruk added that dry field pea yields were respectable in many places and excellent in others, marking a successful harvest […] Read more
A message from April Stewart, Country Guide's Associate Editor
