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Cereals

CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures sharply lower on U.S. harvest outlook

Wheat bounces on smaller-than-expected world stocks forecast

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New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more
Water flows through a washed-out culvert on the CN rail mainline at Truro, N.S. on July 23, 2023. (Photo: Nigel Gloade/Millbrook First Nations/Handout via Reuters)
General, Weather

Nova Scotia farmers granted late AgriStability entry

Enrolment for 2023 now an option until Dec. 31, 2024

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Nova Scotia farmers who aren’t in on AgriStability for 2023 and whose operations were hit hard by weather events this spring and/or summer now have until the end of next year to enroll. The Nova Scotia and federal governments on Friday announced enrolment for the ag income stabilization program, which ended on April 30, has […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn choppy, wheat hits new contract low

Market eyes USDA's monthly supply-demand report for price direction

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Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops, Markets, Reuters

Russian Agricultural Bank could have SWIFT access within 30 days, U.N. tells Moscow

Russia seeking 'actual exemptions' from sanctions

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Reuters — A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to “effectively enable access” for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. “SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat hits three-month low

Soy sets two-week low before U.S. crop report

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Chicago | Reuters — Chicago Board of Trade wheat futures hit their lowest price in more than three months on Friday, while soybean futures rose from a two-week low as traders waited for updated U.S. crop data. Trading was choppy and subdued before the U.S. issues its monthly world agricultural supply and demand estimates (WASDE) […] Read more
File photo of harvesting near Wymark, Sask., south of Swift Current, on Sept. 8, 2020. (Nancy Anderson/iStock/Getty Images)
Barley, Crops, Markets

Feed weekly outlook: Harvest pressure keeps lid on prices

Domestic prices seen weighing on corn imports

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MarketsFarm — As the harvest continued across the Canadian Prairies, pressure kept feed grain prices largely in check, according to Crystal Leitch of Market Master Ltd. in Edmonton. “We don’t see things changing too much because pricing is not what it was. There’s some hope that pricing is going to come back up, whether it […] Read more
CBOT November 2023 soybeans with 20-, 30- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures stumble as trade awaits harvest, crop data

U.S. corn harvesting starts early in some areas

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Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4 […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets, Reuters

UN working on guarantees for Russia to restore grain deal, Moscow skeptical

Bombing of Ukraine ports, grain facilities erodes other partners' goodwill, Guterres says

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Reuters — The United Nations is “actively engaged” in trying to improve Russia’s grain and fertilizer exports in a bid to convince Moscow to again allow the safe Black Sea export of Ukraine grain, Secretary-General Antonio Guterres said Thursday. “We believe that it’s necessary to create a system of mutual guarantee,” Guterres told reporters on […] Read more
Winnipeg, Sept. 7, 2023. (Dave Bedard photo)
General, Weather

Prairie Forecast: Summer trying to hang on

Issued Sept. 6, covering Sept. 6 to 13

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The weather models seem to be in good agreement for this forecast period, with no strong storm systems expected to impact the Prairies, making for a fairly high-confidence forecast. This forecast period will start off with a generally west to southwesterly flow across the Prairies. A broad but weak area of low pressure is expected […] Read more

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