Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.
Cereals
U.S. grains: Corn and soy futures near four-year low, wheat rises
Prairie spring wheat bids dip with U.S. futures, rising loonie
Average Canada Western Red Spring (13.5%) wheat prices were down C$0.90 to down C$3.30 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$244.80 per tonne in southeastern Saskatchewan to as high as C$272.60 per tonne in southern Alberta.
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.
U.S. grains: Corn, soybeans face bearish pressure on hefty supplies
Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.
Canadian markets ignoring any weather woes for now
Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.
VIDEO: Why you should soil test
Soil testing is an essential tool in order to determine what your crop needs, ideally before a seed even hits the ground. One could say this is the starting point for growers to establish a fertility strategy, and a good way to approach this is with a 4R nutrient stewardship plan. At the recent 4R […] Read more
Saskatchewan crops advance rapidly: report
Hot temperatures and a lack of moisture saw crops in Saskatchewan continue to advance rapidly during the week ended Aug. 5, according to the latest provincial crop report, with the conditions leading to a further decline in yield potential. While any moisture received would be too late for advanced crops, producers indicated precipitation would still […] Read more
U.S. grains: Corn, soybeans ease on US crop expectations, demand concerns
Chicago Board of Trade corn and soybean futures turned lower on Wednesday as markets came under pressure from expectations of a U.S. bumper crop, moderate weather in the Midwestern corn belt and sluggish oilseed demand, traders said.
Bearish Chicago grains/oilseeds in need of a new story
Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
Egypt bets big with historic 3.8 million metric ton wheat tender
Egypt has launched a massive tender to import 3.8 million metric tons of wheat, its largest ever tender according to traders, as the country seeks to take advantage of a slump in global wheat prices to 4-year lows.