Reading Time: 2 minutes Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, an analyst says. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply-side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all-wheat production, well below the […] Read more
At Ag in Motion: World may face wheat shortage this year
An analyst says millers should be getting antsy
U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower
Wheat futures had risen in four of the previous five sessions
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five […] Read more
Feed weekly outlook: Dry weather cuts into barley prospects
Canadian buyers already booking new-crop U.S. corn
Reading Time: 2 minutes MarketsFarm — Dry weather across the Canadian Prairies may be cutting into barley production prospects, keeping domestic feed prices underpinned for the time being despite the likelihood of large corn imports from the United States. Alberta’s barley crop was only rated 43 per cent good to excellent in the latest weekly report, well off the […] Read more
ICE weekly outlook: C$900 per tonne in reach for canola
Black Sea deal's end, Russian attack on Odesa, pushing all prices up
Reading Time: 2 minutes MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise. The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
U.S. grains: wheat sees biggest jump since aftermath of Russia’s invasion of Ukraine
Soybean futures have risen for five sessions in a row
Reading Time: 2 minutes Chicago | Reuters U.S. wheat futures jumped 8.5% on Wednesday, their biggest daily gain since days after Russia’s invasion of Ukraine, as intensification of the war threatened to slow grain export shipments from a major global supplier. The benchmark Chicago Board of Trade soft red winter wheat contract Wv1 briefly touched its daily trading limit […] Read more
CBOT weekly update: Dry conditions, war propel prices upward
Rally may push well into the week of July 24 and perhaps further: broker
Reading Time: < 1 minute MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher. Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
Flax production to drop with fewer acres, dry conditions
'Prices are definitely going to be climbing'
Reading Time: < 1 minute MarketsFarm — As with other crops on the Canadian Prairies, flax has been struggling with the hot and dry conditions across the region. That said, Scott Shiels of Grain Millers Canada at Yorkton, Sask. noted there’s very little doubt when it comes to flax prices increasing during the course of 2023. Presently, old-crop flax was […] Read more
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Reading Time: < 1 minute Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
Klassen: Feeder market continues climb
Futures spur larger feedlots to lock in ownership
Reading Time: 2 minutes Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
U.S. grains: Wheat, corn fall as Black Sea grain deal expires
Grain traders hope pact may still be renewed
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures fell on Monday as Russia’s exit from the Black Sea export deal failed to shock traders. Wheat and corn futures slumped after earlier rising to two-week highs when Russia announced it was leaving the agreement that lets Ukraine export grain through the Black Sea. Russia had long threatened […] Read more
A message from April Stewart, Country Guide's Associate Editor
