Reading Time: < 1 minute MarketsFarm — While prices for feed grains have risen over the last month along with several other commodities, they’ve now declined a little bit, according to Erin Harakal, senior trader with Agfinity in Stony Plain, Alta. “For short-term movement like November-December we’ve seen them come off the most compared to the late-January/early-March time frame,” she […] Read more
Feed weekly outlook: Prices plateauing
IGC cuts record-large world grain production outlook slightly
Reading Time: < 1 minute MarketsFarm — World grain production for 2020-21 was revised slightly lower by the International Grains Council in its latest report Thursday, but the group is still anticipating record large supplies overall. Wheat and coarse grains are forecast to total 2.226 million tonnes, which would be down by one million tonnes from the September forecast but […] Read more
U.S. grains: Corn futures fall after hitting 14-month high
Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a […] Read more
Detecting stripe rust in wheat before it strikes
Resistance is low in current varieties. An early warning system could allow for fungicide application only when needed
Reading Time: 5 minutes Stripe rust is wily and tough. For the longest time, Canadian farmers could depend on cold winters and a fairly hot, dry summer climate to keep it at bay. But stripe rust is also highly adaptable and around 2000, scientists noticed a change. “Pathogens always evolve,” says André Laroche, a research scientist with Agriculture and […] Read more
CBOT weekly outlook: After October rally, November ‘is for bears’
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally, […] Read more
U.S. grains: Soybeans hit four-year peak on Chinese demand
U.S. winter wheat crop rating misses estimates
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s […] Read more
U.S. grains: Wheat, soy, corn futures up on export prospects
Wheat markets also focused on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, soybean and corn futures rose on Friday, with strong export demand continuing to push prices higher, traders said. Wheat notched the biggest gains, pushing back toward a six-year high on concerns about drought in major production belts, coupled with a flurry of overseas tenders illustrating the robust global demand. […] Read more
Feed weekly outlook: Feedlots booking for winter underpin bids
Reading Time: < 1 minute MarketsFarm — Feed grain prices have been strong following Western Canada’s harvest, as feedlots ensure they’re covered heading into the winter. “Last week there was some buying in the deferred months, from January onward,” Allen Pirness of Market Place Commodities at Lacombe, Alta. said. Pirness said the strong prices were unexpected, noting that when prices […] Read more
U.S. grains: Soy futures firm to highest since 2016
CBOT corn hits 14-1/2-month high; wheat 'was down all day'
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures firmed on Thursday, hitting their highest in more than four years, with traders citing gains in the cash market and strong export demand for U.S. supplies as supportive factors. A fast export pace also underpinned the corn market while wheat futures eased on technical selling […] Read more
U.S. grains: Dry soils push Chicago wheat higher
CBOT corn, soy futures also rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just […] Read more
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