File photo of the facade of the U.S. Department of Agriculture building in Washington, D.C. (Camrocker/iStock/Getty Images)

USDA attaché reports from Canada, other countries

Drought, grasshoppers among concerns cited for Canadian Prairies

Reading Time: 2 minutes The Global Agricultural Information Network of the United States Department of Agriculture issued a series of reports during the week ended Jan. 26. Of those, some of them could have an affect on the North American markets.



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Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids

Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million

Reading Time: 2 minutes The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.



CBOT Corn ZCH24 on Jan. 24 with Bollinger bands. (Barchart)

U.S. grains: Corn up 1.3 per cent on South America weather worries, softer dollar

Wheat futures ended up 2.4 per cent on technical buying and weakness in the dollar

Reading Time: 2 minutes Chicago Board of Trade corn futures rose 1.3 per cent on Wednesday as uncertainty about crop prospects in South America and a setback in the dollar triggered a round of short-covering and lifted the benchmark corn contract Cv1 from three-year lows set last week, traders said.