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Crops, Markets, Reuters

U.S. grains: wheat pares gains after 5-month top; corn, soybeans retreat

The market pulled back from five-month highs as Russia appeared to slow its port attacks

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Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures Wv1 pared gains after setting five-month highs on Tuesday after Russia’s attacks on Ukrainian ports and grain infrastructure raised concerns about long-term global supplies and triggered a round of fund short-covering, analysts said. The wheat market pared gains and even dipped lower at times […] Read more
Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)
Crops, Markets, Reuters

U.S. grains: wheat soars daily limit as Russia attacks Ukrainian grain ports

E.U. further reduces crop forecast, USDA ratings for soybean and spring wheat declines

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Chicago | Reuters – U.S. wheat futures surged 8.6% on Monday, rising their daily maximum at the Chicago Board of Trade (CBOT) after Russia attacked Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses. The attacks targeted a vital export route for Kyiv in an expanding air campaign that Moscow began […] Read more
Photo: File
Canola, Crops, Markets

Fund position flips to net long in canola

The last time the market was showing a net long position was the first week of January

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MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity […] Read more
Photo: Greg Berg
Canola, Cereals, Crops, Markets, Pulses

AAFC lowers Canadian wheat ending stocks estimates

Drop in estimated oats carryout another notable adjustment

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 MarketsFarm – Canadian wheat ending stocks for both the current marketing year and 2023/24 (Aug/Jul) were revised lower by Agriculture and Agri-Food Canada’s market analysis division in its updated supply/demand estimates, released July 21, with tighter oats and pulse stocks also expected.  Wheat ending stocks for 2022/23 were lowered to 3.540 million tonnes by AAFC, […] Read more
(Climate FieldView photo)
Crops, Machinery

At Ag in Motion: Farmers gung-ho about digital integration system

'Having a single data point... was number one for us'

By
For a committed user of the Climate FieldView digital integration system, Mike Ferguson had an unusual observation about himself. “I’m not a big technology guy,” said Ferguson, who with his wife Regan farms 3,000 acres at Melfort, Sask. But for him, using the various data-based management tools available in farming today isn’t just helpful, but […] Read more
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets, Reuters

U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower

Wheat futures had risen in four of the previous five sessions

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Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five […] Read more
Crop conditions in parts of western Saskatchewan have already dropped into crop insurance range, Burce Burnett says. (WeatherFarm video screengrab)
Crops, Markets, Weather

At Ag in Motion: Significant Prairie yield drop expected

'A lot of damage done' by drought, Bruce Burnett says

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MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There […] Read more
A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023. (Photo: Ukrainian Infrastructure Ministry via Facebook/Handout via Reuters)
Crops, Markets, Reuters

Russia delivers Black Sea warning as Ukraine decries ‘hellish’ grain port attacks

Russian missiles strike Odesa for second night in a row

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Kyiv | Reuters — Russia warned that from Thursday any ships sailing to Ukraine’s Black Sea ports would be seen as potentially carrying military cargoes, as Kyiv accused Moscow of carrying out “hellish” overnight strikes that damaged grain export infrastructure. Russia attacked the Odesa region for the second consecutive night after quitting on Monday a […] Read more
A rainy day on July 18, 2023 at the Ag in Motion outdoor farm show at Langham, Sask., west of Saskatoon. (Ag in Motion via Twitter)
General, Weather

Prairie Forecast: Summer heat to build back in

Issued July 19, covering July 19 to 26

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It looks like the overall weather pattern is going to undergo another shift. After nearly two weeks of unseasonably cool and unsettled weather over the eastern half of the Prairies, with near-average conditions over the west, it looks like more typically summer weather will move back in. The massive area of low pressure that spun […] Read more
‘Perfect storm’ for grasshoppers
Features

‘Perfect storm’ for grasshoppers

The conditions are right for pest-type grasshoppers in Saskatchewan. Consider both insecticides and cultural controls

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A provincial insect management specialist says grasshoppers could pose a significant challenge for farmers in Saskatchewan this season. During a June 14 webinar offering advice on managing grasshopper populations, James Tansey of Saskatchewan Agriculture said, “we’ve got a bit of a perfect storm for grasshoppers this year.” According to Tansey, warm and dry conditions in […] Read more

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