Chicago Board of Trade soybean futures strengthened on Friday as some weather models showed heavy rain putting certain U.S. production areas at risk of flooding, though they closed down for the week.
Cereals
U.S. grains: Soybeans gain on US wet weather risk, down for week
Alberta Crop Report: Variable weather fails to dispel crop growth
Crop conditions across the province were rated at 72.9 per cent good to excellent, better than the five-year average of 68.8 per cent and the 10-year average of 70.2 per cent. The central region had the best rating at 78.2 per cent, followed by the Peace region at 75.7 per cent and the south region at 73.9 per cent, all above both historical averages. The northeast region was at 70 per cent, below its averages, while the northwest was in line with its average at 61.8 per cent.
AAFC raises wheat exports call, tightens carryout
Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
U.S. grains: Soybeans notch two-month low on rain forecasts
Chicago Board of Trade corn slid on Thursday while soybeans closed at their lowest in two months as forecasts for heavy rains alleviated concerns about a heat wave in the central U.S. stressing crops.
Saskatchewan Crop Report: Excess moisture causing problems
Only one per cent of acres were left unseeded in Saskatchewan during the week ended June 17 due to cooler temperatures and excess moisture, according to the province’s weekly crop report.
Soybeans, corn trading sideways and watching weather
Soybean and corn futures at the Chicago Board of Trade both find themselves in relatively sideways trading ranges watching Midwestern weather forecasts to provide nearby direction.
Manitoba Crop Report: Planting progresses despite wild weather
Planting across Manitoba progressed during the week ended June 16 despite cool, wet and windy weather, including small tornadoes.
U.S. grains: corn, soybean futures firm as traders track heat wave, crop conditions
Chicago Board of Trade corn and soybean futures turned higher on Tuesday, reversing direction after a two-day slide, as investors tracked a heat wave moving across the eastern Corn Belt after the government reported a decline in U.S. crop ratings.
FCC invests in breeding innovation
Farm Credit Canada has invested $5 million into the accelerated breeding program at the Global Institute for Food Security.
U.S. grains: Grain futures slump, as wheat drops to 8-week low
Chicago Board of Trade wheat and soybean futures fell sharply on Monday, with wheat at a near two-month low as fund selling pressure rolled into a short holiday trading week, traders said.
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