Reading Time: 2 minutes There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
USDA lowers U.S. soybean/corn yield estimates
Prairie Wheat Weekly: Spring wheat bids rise, durum down
Reading Time: 2 minutes Spring wheat bids in Western Canada were slightly higher than the week before on Nov. 7, 2024. Meanwhile, durum prices were a bit lower.
Feed Grain Weekly: Barley preferred over corn at feedlots
Reading Time: < 1 minute Barley seems to be the preferred grain over corn at feedlots in the Lethbridge, Alta.-area during the week ended Nov. 7, 2024.
Canola speculative short position smallest in year
Reading Time: < 1 minute Speculators were busy covering short positions and moving more money to the long side of the canola market during the week ended Oct. 29, taking the net short position in the oilseed to its lowest level in over a year, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Corn ticks up on export demand, easing harvest pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures ticked up on Friday as export demand for U.S. crops swelled and harvest pressure eased, analysts said. Soybean futures turned lower in choppy trading after rising earlier on U.S. export sales. Wheat futures also eased as rains over dry regions of the U.S. weighed on prices, though drought […] Read more
Prairie Wheat Weekly: Declines in U.S. wheat, loonie lead to mixed prices
Reading Time: 2 minutes Spring wheat cash prices were mixed for the week ended Oct. 31, as pressure from declines in United States wheat futures were countered by support from a weaker Canadian dollar that encourages more export sales.
Ukrainian grain exports to fall in 2024/25: USDA attaché
Reading Time: < 1 minute Ukrainian grain exports are expected to be down in the 2024/25 marketing year due to smaller crops, tighter carryout stocks and the ongoing challenges of shipping through the Black Sea, according to the United States Department of Agriculture’s Foreign Agricultural Service in Kyiv.
More wheat, less corn in Argentina for 2024/25 says United States Department of Agriculture attaché
Reading Time: < 1 minute As wheat production in Argentina is projected to increase in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires, the country’s corn output is to be smaller than in the previous year.
Fund short position in canola smallest in six months
Reading Time: < 1 minute The net fund short position in canola fell to its lowest level in six months during the week ended Oct. 22, as speculators covered bearish bets and put on new longs, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta harvest wraps up
Reading Time: 2 minutes Harvest operations in Alberta are virtually complete for 2024, the province’s crop report said. Combining advanced three points to 99 per cent finished as of Oct. 22 as well as being three points above the five-year average.
A message from April Stewart, Country Guide's Associate Editor
