Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Wednesday on a round of technical selling after posting sharp gains earlier this week, traders said. Wheat fell most, with the benchmark Chicago Board of Trade December soft red winter wheat contract sinking 2.1 per cent, its biggest daily loss since Aug. 30. […] Read more
U.S. grains: Technical selling pushes wheat, corn, soy lower
U.S. grains: Soy tops two-month high on China buying, inventory shock
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures prices rose to the highest level in more than two months on Tuesday, adding to gains from the previous session when Chinese purchases and a lower-than-expected estimate of U.S. stockpiles buoyed prices. Corn also advanced after rallying four per cent on Monday as a quarterly U.S. Department of […] Read more
USDA’s jump in soybean stocks comes in below forecasts
Reading Time: < 1 minute MarketsFarm — Although stocks of soybeans in the U.S. were estimated Monday to have increased dramatically compared to their year-ago level, the amount of that increase fell short of market expectations. In the Grain Stocks report released Monday by the U.S. Department of Agriculture (USDA), total soybean stocks as of Sept. 1 were estimated to […] Read more
Cash wheat: CWRS follows Minneapolis futures higher
Reading Time: 2 minutes MarketsFarm — Cash wheat bids in Western Canada were mostly higher for the week ended Thursday. Gains were seen in Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats in all locations, while Canada Prairie Spring Red (CPSR) saw gains in most regions. The Canadian dollar was firm with almost no movement. […] Read more
Snow to stall harvests for western Prairies, Montana
Reading Time: < 1 minute Chicago | Reuters — A weekend storm is poised to bring more than a foot (30.5 cm) of snow to parts of Montana and the Canadian Prairies, putting portions of the region’s spring wheat and canola crops at risk, a meteorologist said. Excessively wet conditions in the region this month have already slowed fieldwork and […] Read more
CBOT weekly outlook: U.S. dollar, weather hurt prices
Reading Time: < 1 minute MarketsFarm — Growing strength in the U.S. dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner rather than later. […] Read more
Ontario farmers grow corn acres, and a successful livelihood
Amos family in Ontario’s extreme northwest a good example of the pioneering spirit
Reading Time: 6 minutes In 1990, nearly 30 years ago, Amos Brielmann moved his family from Germany to the Rainy River District between Fort Frances and the Manitoba border. They settled on a farm near Pinewood, first working on a beef cattle operation just north of the village. Slowly, they began buying the farm and maintaining the herd and […] Read more
U.S. grains: Minneapolis, K.C. wheat futures rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday, rebounding from a sharp drop on Friday, on fresh export deals with China and rising concerns that rains in the U.S. Midwest could lower crop quality just ahead of harvest, traders said. The adverse weather also supported corn futures while wheat futures were mixed. The […] Read more
Wet harvests hurt U.S., Canadian spring wheat quality
Reading Time: 2 minutes Chicago | Reuters — Excessively wet conditions in the northern U.S. Plains and Canadian Prairies have hurt the quality of the region’s spring and durum wheat crops, potentially tightening supplies of top grades of the grains, handlers and agronomists said. Rains and heavy dew have slowed the harvest and, worse, caused mature, un-harvested wheat kernels […] Read more
U.S. grains: Soybeans down on China trade pessimism
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more
A message from April Stewart, Country Guide's Associate Editor
