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Corn

CBOT May 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures rise on strong exports

Corn, wheat futures mixed

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Chicago | Reuters — U.S. soybean futures firmed on Tuesday on signs that export demand for U.S. supplies remained firm even as South American farmers harvest their crops. Corn and wheat futures were mixed, with nearby contracts easing and deferred offerings rising. “It is really a mixed bag out here,” said Mark Gold, managing partner […] Read more
CCA president Bob Lowe speaks at a press conference in Ottawa on March 21, 2022, calling for federal back-to-work legislation to end a work stoppage at Canadian Pacific Railway. (CPAC video screengrab via YouTube)
Crops, Markets

Ag industry groups seek legislated end to CP stoppage

Feed, fertilizer traffic already way behind, groups say

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Warning they don’t have time to wait on negotiation, representatives for cattle feeders, fertilizer producers and grain growers took to Parliament Hill on Monday to press for the federal government to instead legislate Canadian Pacific Railway’s engineers and conductors back to work. Traffic halted on CP lines just after midnight ET Sunday morning as the […] Read more
CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy up on expectations for long Ukraine conflict

Funds seen buying in after last week's losses

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Chicago | Reuters — U.S. wheat and corn futures jumped on Monday, with traders saying that exports from the Black Sea region will continue to be disrupted this week due to the fighting in Ukraine. Soybean futures also rose sharply, following gains in the crude oil market that also stemmed from major ructions to energy […] Read more
(File photo by Dave Bedard)
Crops

CP engineers, conductors locked out; talks continue

'Parties are working through the night': O'Regan

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A lockout has begun at Canadian Pacific Railway affecting its 3,000-odd unionized engineers, conductors and train and yard service staff, effectively shutting down CP service. “The work stoppage has begun, but CP and (the Teamsters Canada Rail Conference) are still at the table with federal mediators,” federal Labour Minister Seamus O’Regan said in a statement […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC warns of uncertainty in latest crop outlook

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MarketsFarm — The supply/demand balance sheets for Canada’s major crops were largely left unchanged in the latest outlook Friday from Agriculture and Agri-Food Canada. While the March report only saw minor revisions, the government agency cautioned that “the economic outlook, for the world and Canadian grain markets, is particularly uncertain due to the Russian invasion […] Read more
CBOT May 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat, soy futures fall

Traders monitoring Ukraine crisis

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Chicago | Reuters — U.S. grain and soybean futures eased on Friday as traders monitored diplomatic efforts to end Russia’s invasion of Ukraine and gauged continuing disruptions to Black Sea crop exports. More than three weeks after launching its invasion, in what Moscow calls a “special military operation,” the Russian advance has stalled and failed […] Read more
(RGtimeline/iStock/Getty Images)
Barley, Corn, Crops, Markets

Feed weekly outlook: Sector bracing for logistics challenge

A CP lockout could put feeders weeks behind in supplies

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MarketsFarm — Feed grain buyers in Alberta’s feedlot alley are well covered with contracted supplies, but the logistics of getting that grain where it needs to be are facing some uncertainty with looming labour action at Canadian Pacific Railway. Buyers in feedlot alley are about 80 per cent covered right now, said Jim Beusekom of […] Read more
CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat recoups from early weakness

Corn gains on export demand, soybeans firm

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Chicago | Reuters — U.S. wheat futures rose on Thursday, with benchmark Chicago Board of Trade wheat shaking off early weakness, as traders continued to wrestle with supply disruptions from Russia’s invasion of Ukraine. Markets are closely watching the talks to end the war in Ukraine, which Russia calls “a special military operation,” but the […] Read more
(File photo by Dave Bedard)
Crops

CP to lock out engineers, conductors starting Sunday

'Cannot prolong the uncertainty,' CEO says

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Canadian Pacific Railway has served its unionized engineers, conductors and train and yard service staff with notice of a lockout to start just after midnight ET on Sunday, unless the company and union agree on a new labour deal by then. Calgary-based CP and the Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: May wheats limit-down as peace talks progress

Chicago corn, soybeans also lower

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Chicago | Reuters — U.S. wheat futures fell by their daily maximum on Wednesday as investors weighed whether talks between Ukraine and Russia could lead to a ceasefire in the three-week-long war, while rain forecast in the U.S. Plains eased concerns about parched crops. Corn ended lower as the talks between Moscow and Kyiv tempered […] Read more

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