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Cereals

(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids jump after USDA projects cuts

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MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more
CBOT January 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and December 2021 soymeal (black line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans climb as soymeal surges

U.S. wheat nears nine-year top

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Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat hits multi-year highs on global supply worries

CBOT corn, soybeans also up

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Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed […] Read more
Kansas City (K.C.) December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rally as global stocks tighten

CBOT corn, soybeans also strong

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Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley, wheat prices among highest ever

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MarketsFarm — Feed grain prices continue to push higher following a somewhat disappointing harvest on the Prairies this year, according to Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask. “We’re seeing upticks on all feed. Everything is up. You’re seeing high prices on wheat and barley. And you’re going to continue to […] Read more
(Dave Bedard photo)
Crops

Cargill close to resolving slow grain payments to farmers

Producers delivering now can expect their money right away, but the firm is still working on some payments for previously delivered grain

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Cargill is closer to fixing problems with paying farmers promptly for their delivered grain. “They [Cargill] have worked through most of the issues,” Canadian Grain Commission spokesman Remi Gosselin said in an interview Tuesday. “Our understanding at the grain commission is that there should be no issues on a go-forward basis for future deliveries and […] Read more
File photo of containers at a seaport in Jakarta. (Leolintang/iStock/Getty Images)
General, Markets, Reuters

APEC ministers call for curbs on farm, fuel, fishing subsidies

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Washington/Wellington | Reuters — Pacific Rim trade and foreign ministers on Tuesday pledged to sustain the recovery from the coronavirus pandemic while pursuing talks to curb subsidies for fisheries and agriculture at a forthcoming World Trade Organization meeting. The ministers from the 21 Asia Pacific Economic Cooperation (APEC) countries said in a communique issued after […] Read more
Southwestern Alberta MP John Barlow, shown here at a parade in 2016, is again the federal Conservatives’ agriculture critic. (JohnBarlowMP.ca)
General

Conservatives’ Barlow to return as federal ag critic

NDP, Bloc incumbent critics to return

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A former agriculture critic for the federal opposition Conservatives will again handle the file when the House of Commons resumes sitting in two weeks. Conservative leader Erin O’Toole on Tuesday named John Barlow, MP for the southwestern Alberta riding of Foothills, as shadow minister for agriculture, agri-food and food security. As ag critic, Barlow replaces […] Read more
CBOT January 2022 soybeans (candlesticks) with 20-day moving average (dark green line) and ICE January 2022 canola (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy jumps on USDA’s surprise cut to yield estimates

Traders had expected a higher soy yield; U.S. corn carryout seen lower than last month

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Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures soared on Tuesday after the U.S. Department of Agriculture reduced its estimate for domestic yields, surprising traders who were expecting an increase. USDA pegged production at 4.425 billion bushels on a yield of 51.2 bushels per acre in a monthly crop report. That was […] Read more

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