Reading Time: 2 minutes MarketsFarm — Tighter-than-expected quarterly wheat and corn stocks in last Friday’s report from the U.S. Department of Agriculture provided the biggest influence on the futures markets over the past week, with larger soybean stocks putting some nearby pressure on that market. Corn stocks in the U.S., as of Sept. 1, came in at 1.377 billion […] Read more
CBOT weekly outlook: Tightening stocks underpin U.S. wheat, corn
USDA's soybean data seen as bearish
U.S. grains: Soy sags on recession fears, firm dollar
Corn inches higher, wheat down on day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended down about one per cent on Wednesday on macroeconomic worries as the dollar bounced and brokers awaited more information on the size of the U.S. harvest, analysts said. Wheat futures closed lower after a choppy session but corn eked out a higher close as traders awaited fresh […] Read more
A grain marketing strategy for 2022-23
Know your costs, pay attention to basis and be careful about leaving grain in the bin too long
Reading Time: 6 minutes After a year with some of the most volatile markets in history, crop growers will need a careful marketing strategy to turn a profit in 2022-23. “The last two years have made for complacent marketing,” says Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. “Holding on to commodities and waiting for the price […] Read more
Egypt’s private sector wheat imports stall due to dollar shortage
"We are in the red zone"
Reading Time: 2 minutes Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more
U.S. grains: CBOT wheat retreats after nearing three-month high
USDA reported lower-than-expected corn stocks Friday; soy harvest progress exceeds expectations
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said. The setback in wheat futures came after a reduced official estimate of the U.S. harvest and heightened tensions in the Ukraine war put renewed attention on global […] Read more
U.S. grains: Wheat up on war worries
Corn, soy also firm despite recession fears
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than three per cent on Wednesday, supported by fears of escalating conflict between major grain exporters Russia and Ukraine, as well as dry conditions in the U.S. Plains crop belt, analysts said. Corn followed wheat futures higher and soybeans closed up fractionally, shaking off pressure from […] Read more
No ROI for seed treatments — so far
Results to date were from dry years, so watch for 2022 results
Reading Time: 3 minutes Sometimes it’s all or nothing where Mother Nature is concerned. The growing seasons in 2020 and 2021 were both dry, so it’s perhaps not surprising that in a trial designed to quantify the impact of using a seed treatment on spring wheat, there’d be very little return on investment in those years. It’ll be more […] Read more
Canadian wheat, canola stocks projections revised higher
Reading Time: 2 minutes MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more
Global wheat production rises, corn drops
IGC sees only slight changes in soy crop
Reading Time: 2 minutes MarketsFarm — The International Grains Council (IGC) in London raised its estimate of total world grain production for 2022-23 from its August report, with most of the increases coming in wheat. Overall, the IGC projected total production to reach 2.256 billion tonnes, adding eight million from last month. Most of that came from higher harvest […] Read more
CBOT weekly outlook: War chatter part of market chaos
Stronger U.S. dollar weighs on futures
Reading Time: 2 minutes MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more
A message from April Stewart, Country Guide's Associate Editor
