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Cereals

CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies as global demand offsets virus worries

USDA confirms China buys U.S. soybeans

By ,
Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed […] Read more
Prince Rupert Grain Terminal. (Rupertport.com)
Crops, Reuters, Weather

CN rerouting trains, aims to re-open line to Vancouver on weekend

By ,
Reuters — Canadian National Railway (CN) said Wednesday it was aiming to reopen its track in the crucial Kamloops-to-Vancouver corridor in flood-hit British Columbia this weekend. The Pacific province, trying to rebuild after devastating floods in November, received more rain over the weekend and this week. CN operates one of the two critical rail lines […] Read more
CBOT January 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Grain futures regain ground as COVID jitters ease

Corn, soy firm after also hitting near three-week lows with wheat

By
Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals […] Read more
(Dave Bedard photo)
Crops, Markets

Smaller crops likely in StatsCan survey-based report

By ,
MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more
Pacific sea surface temperature anomalies in degrees Celsius for the week centred on Nov. 24, 2021. Cooler-than-neutral sea surface temperatures at the equator are known to set up a La Nina event. (CPC.ncep.noaa.gov)
General, Weather

Prairie winter weather a sign of La Nina repeat

Full effects won't be seen for a while yet

By
MarketsFarm — December marks the start of what meteorologists call “meteorological winter” — and this winter, the Pacific Ocean phenomenon known as La Nina may be rearing its head once again. La Nina (Spanish for “little girl”) is a climate pattern detected over the Pacific every few years where cooler water pools at the equator […] Read more
CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat extends slide as Omicron worries mount

Corn, soybeans also slip on virus fears

By
Chicago | Reuters — Chicago wheat prices fell to a nearly three-week low on Tuesday, as concerns that the spread of the Omicron coronavirus variant could slow the global economy drove investors to reduce risk exposure. The entire grains complex felt pressure early in the session, after Moderna’s CEO cautioned that COVID-19 shots were unlikely […] Read more
Prime Minister Justin Trudeau is shown maps by Abbottsford, B.C. Mayor Henry Braun during a visit to the city on Nov. 26, 2021. (Photo: Reuters/Jennifer Gauthier)
General, Machinery, Reuters, Weather

B.C. extends fuel restrictions following flooding

Agricultural and farm-use vehicles exempted as 'essential'

By ,
Reuters — Government officials in British Columbia on Monday extended restrictions on the use of fuel by residents, saying it was needed for emergency vehicles as the region recovers from devastating floods. The order, first issued on Nov. 19, limits vehicles deemed “non-essential” by the government to 30 litres of gasoline or diesel fuel per […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat drops as U.S. dollar edges higher

Australia forecasts record wheat crop; corn, soy down on good South America weather

By
Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more

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