Reading Time: 2 minutes MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more
Feed weekly outlook: More corn, oats in feed rations
'Very weird situation to be seeing again'
U.S. grains: Wheat, corn up on reports of Russian missiles hitting Poland
January soybeans also close higher
Reading Time: < 1 minute Chicago | Reuters — U.S. grain futures rallied on Tuesday as reports that Russian missiles crossed into Poland raised concerns about escalating political tensions, market analysts said. A senior U.S. intelligence official said Russian missiles crossed into Poland, killing two people, the Associated Press reported. The Pentagon said it could not confirm reports that Russian […] Read more
U.S. grains: Soybeans, corn end lower as crude oil sags
Chicago December wheat firms
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures fell on Monday on spillover pressure from crude oil along with uncertainty about export demand for U.S. supplies of both crops, analysts said. But wheat futures rose on signs of global export demand while traders continued to monitor prospects for the renewal of an export corridor […] Read more
U.S. grains: Soy futures up on China COVID curbs, weakening U.S. dollar
Corn market gains boosted by strength in crude oil market
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand. Soybeans bounced on hopes that China’s move to ease some COVID-19 curbs might spur economic activity, potentially boosting demand for goods including soybeans. […] Read more
CBOT weekly outlook: Rising U.S. corn, soy yields ‘a little surprising’
'Somehow the USDA found higher yields'
Reading Time: 2 minutes MarketsFarm — Updated estimates in the U.S. Department of Agriculture’s monthly supply/demand report, released Wednesday, saw larger than expected increases to soybean and corn yield estimates in the country. However, that data did little to move the markets, with the commodities likely stuck in a sideways range for the time being, according to a trader. […] Read more
U.S. grains: Wheat, corn, soy ease as traders await crop data
Wheat traders eye Black Sea supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures on Tuesday eased on long liquidation ahead of the release of widely followed government crop forecasts on Wednesday, analysts said. The wheat market also grappled with Black Sea supply prospects as Ukraine sought to expand a grain deal allowing exports from Black Sea ports. The most-active […] Read more
China top destination for Canadian wheat through two months
Reading Time: < 1 minute MarketsFarm – China was the main destination for Canadian wheat through the first two months of the 2022/23 (Aug/Jul) marketing year, according to the latest trade data from Statistics Canada. Canada exported 534,000 tonnes of wheat to China in August and September, accounting for about 20 per cent of Canada’s total wheat exports-to-date. Japan, Bangladesh […] Read more
Canada’s exports rise in September as wheat volumes rebound
Reading Time: 2 minutes Ottawa | Reuters – Canada’s exports rose in September, largely driven by better wheat volumes and prices, while imports were also up, with both import and export values impacted by the depreciation of the Canadian dollar, Statistics Canada said on Thursday. The country’s trade surplus with the world widened to C$1.14 billion ($827.4 million) in […] Read more
Manitoba nets average crops in 2022 after wet spring
Reading Time: 3 minutes MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more
Ukraine grain export deal back on as Russia resumes participation
Reading Time: 4 minutes Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
A message from April Stewart, Country Guide's Associate Editor
