Chicago benchmark wheat futures WN24 fell more than two per cent on Monday, snapping a seven-session rally, as the crop outlook in top exporter Russia improved on forecasts for rain, analysts said.
Cereals
U.S. grains: Wheat tumbles as Russian rain forecast spurs profit taking
Canola net short position edges lower
The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Polish protesters suspend months-long blockade of Ukraine border
Unclear if suspension will hold; Warsaw protest to go ahead as talks continue
Polish farmers called off their protest at the last border crossing with Ukraine on Monday, lifting a blockade that has dragged on for months, soured bilateral relations and buffeted Ukraine's trade.
Prairie wheat bids climb with U.S. futures
Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
Weather experts see La Niña, El Niño frequency rising
The climate phenomena known as El Niño and La Niña, which bring waves of heat, cold, rain or drought, will be more frequent and extreme in coming years, after South America suffered the most intense El Niño in decades, weather experts said on Thursday.
U.S. grains: Wheat climbs with dry weather fears continuing
Chicago Board of Trade wheat futures hit highs not seen since January for a second day, as anxiety over dry weather conditions persisted for top exporter Russia.
Spraying facts, fallacies and forethought
Experts share tips on what you need to know before you spray
To spray or not to spray? That is the question many farmers will be asking themselves in the coming weeks. While it’s still too early to say what pest and disease forecasts will look like this season, it’s never too soon to start thinking about temperature and other factors that can help to determine the […] Read more
Canadian corn imports expected to slow in 2024/25
Early expectations point to increased Canadian grain production in 2024/25, which should cut into corn imports from the United States, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa.
U.S. grains: Wheat futures rally on dry weather concerns, Black Sea attacks
Chicago Board of Trade wheat futures continued their steady climb on Wednesday, as dry weather raised concerns in key growing regions and Russian attacks in the Black Sea area threatened to disrupt supply chains.
CBOT weekly outlook: May futures winding down, coming rains factor into prices
As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.