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Cereals

Crops, Markets, Reuters

U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand

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Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
Parts of the Trans Canada Highway at Abbotsford, B.C. remain submerged in flood waters on Nov. 19, 2021. (Photo: Reuters/Jennifer Gauthier)
General, Machinery, Weather

Repair work on B.C. rail lines expected for days yet

CP expects to resume service 'mid-week;' some highways open only for essential travel

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Canada’s big two railways expect repair work to continue into at least next week before service can resume through storm-battered areas of British Columbia to export terminals at Vancouver. Both railways, along with several major B.C. highways, have been shut this week due to damage from flooding and landslides spurred by a major multi-day storm […] Read more
India’s Prime Minister Narendra Modi speaks to media on the Parliament premises in New Delhi in this Nov. 18, 2019 file photo. (Photo: Reuters/Altaf Hussain)
Crops, Markets, Reuters

India’s Modi backs down on farm reforms in surprise win for protesters

Laws to be repealed in upcoming parliament session; protests to continue until then

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Ghaziabad, India | Reuters — In a surprise announcement Friday, India’s Prime Minister Narendra Modi said he would repeal agriculture laws that farmers have been protesting against for more than a year, sparking celebrations for what farmers called a hard-fought victory. Modi’s decision is a significant climb-down for the combative leader and comes as state […] Read more
MGEX December 2021 wheat (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids

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MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, […] Read more
Delivery vans from the Save-On-Foods grocery store chain wait for a police escort to cross through a landslide near Hope, B.C. on Nov. 18, 2021 to restock the local grocery store after rainstorms caused flooding and landslides in the region. (Photo: Reuters/Jesse Winter)
General, Reuters, Weather

Panicked shoppers clear out flood-hit B.C.’s grocery stores

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Reuters — Shoppers in British Columbia have emptied grocery shelves following catastrophic flooding, although the shortages are as much down to panic buying as disrupted supply chains, industry associations said on Thursday. Even as flood waters start to recede, some parts of the province are expected to face to temporary shortages of dairy supplies, with […] Read more
Kansas City December 2021 wheat (candlesticks) with CBOT December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy ease on profit-taking

Canada's latest export disruptions supportive

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Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] Read more
Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Barley, Corn, Crops, Markets

Feed weekly outlook: Record imports of U.S. corn likely

Feeders will need to scale back barley usage

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MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more
General, Reuters, Weather

Thousands in B.C. still stranded by flood waters

'We are not out of this by a long shot'

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Abbotsford | Reuters — Rescuers and workers in British Columbia were still trying to reach 18,000 people stranded on Thursday after floods and mudslides destroyed roads, houses and bridges in what could be the costliest natural disaster in the country’s history. Receding flood waters were helping rescue efforts, but the downpour blocked off entire towns […] Read more

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