Reading Time: 2 minutes MarketsFarm – Recent weather forecasts for much of the United States put pressure on grain prices on the Chicago Board of Trade (CBOT) during the week ended Aug. 2. Cooler and wetter conditions are expected for the U.S. Midwest during the first half of August, which could help stabilize corn and soybean crops affected by […] Read more
CBOT weekly outlook: August forecasts pulling prices down
Wheat prices went down during the week despite Russia’s withdrawal from Black Sea deal
U.S. grains: Soybeans climb on export hopes; corn, wheat remain weak
Wheat slips again as Black Sea competition continues
Reading Time: 2 minutes Chicago | Reuters – Soybean futures on the Chicago Board of Trade ended higher on Tuesday after two-sided trade, as export demand optimism won out over forecasts for cooler, wetter weather that pressured markets. Chicago corn eased, pressured by expectations that timely rains in August would improve heat-stressed crops. Wheat fell for a fifth session […] Read more
Pulse weekly outlook: lentils poised to go either way pricewise
Everything is dependent on the yields come harvest says analyst
Reading Time: 2 minutes MarketsFarm – Before the harvest of lentils gets underway across the Canadian Prairies, there has been some speculation as to which way prices could go, according to Levon Sargsyan of Johnston’s Grain. “Of the two stories I’m getting, one is from farmers, and one is from buyers, and of course there’s bias,” Sargsyan commented. “[The […] Read more
Klassen: U.S. feeder markets lead Canadian prices higher
Dry conditions in Saskatchewan and parts of Alberta are moving yearlings off grass sooner than expected
Reading Time: 2 minutes Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. Dryer conditions in Saskatchewan and […] Read more
U.S. grains: corn, soy fall as US weather improves
Wheat dropped despite Black Sea supply concerns
Reading Time: 2 minutes Chicago | Reuters – Chicago soybeans and corn fell on Monday, pressured by expectations of cooler, wetter weather across the U.S. Midwest in August. Wheat also dropped, despite worries over Black Sea supplies, although no new major Russian attacks on Ukrainian grain infrastructure were reported over the weekend. Chicago Board of Trade most-active corn Cv1contract […] Read more
USDA June soybean crush seen at 175.5 million bushels
If estimate realized, would be smallest monthly crush since September
Reading Time: < 1 minute Chicago | Reuters – U.S. soy processors likely crushed 5.265 million short tons of soybeans, or 175.5 million bushels, in June, according to the average forecast of eight analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate is realized, it would be down from the 189.3 million […] Read more
U.S. grains: grain, soy futures drop on milder US weather, with eyes on Black Sea
Markets have retreated since touching multi-week highs on Monday
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade grain and soybean futures fell to their lowest prices in more than a week on Friday on hopes that U.S. crop weather will improve and Russia will ease its attacks on Ukraine’s grain facilities, analysts said. Technical selling added pressure to prices. Heading into August, the key […] Read more
Prairie cash wheat: durum soars as red spring falls back
Steep increases following Russian attacks on Ukrainian ports were gone by mid-week
Reading Time: 2 minutes MarketsFarm – There were sharp increases in durum across Western Canada for the week ended July 27, while spring wheat incurred small to moderate declines. There were gains in Minneapolis spring wheat, while Kansas City and Chicago winter wheat contracts slipped back. At the beginning of the week there were steep increases for wheat as […] Read more
Feed weekly outlook: wheat, barley prices still on the rise
Demand for feed grains on the quiet side as feedlots order more United States corn says analyst
Reading Time: < 1 minute Marketsfarm – Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest. Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts […] Read more
U.S. grains: Corn, wheat slide sharply on promise of rain, yield potential
Soybeans steady to higher, boosted by weak U.S. dollar, export news
Reading Time: 2 minutes Chicago | Reuters – Chicago corn and wheat futures slid on Wednesday on technical trading and news of a better-than-expected spring wheat forecast in parts of North Dakota, even as a heat wave stretched across the U.S. Midwest and part of the Mississippi Valley, traders said. Meanwhile, soybean futures were steady to higher on the […] Read more
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