March grain futures at the Chicago Board of Trade (CBOT) were in decline during the week ended Jan. 31 despite receiving a boost on Jan. 30.
Oilseeds
CBOT weekly outlook: Downturn continues for grains
Early harvest reports from South America could affect prices
U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.
St. Lawrence Seaway sees increased tonnage in 2023
The seaway saw the longest scheduled shipping season in history
Cargo movement through the St. Lawrence Seaway was up by more than 3.4 per cent in 2023 compared to the previous year, with nearly 38 million tonnes of cargo moved through the binational system, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS).
Grasshoppers: Brace for impact
The past year was bad for grasshoppers on the Prairies and 2024 could be worse, experts warn
It’s still the middle of winter, but it’s never too early to think about grasshoppers. That was one message delivered at last month’s Canola Week annual meetings in Calgary, which brought together canola industry leaders from across North America. Meghan Vankosky, a field crop entomologist with Agriculture and Agri-Food Canada based in Saskatoon, spoke during […] Read more
U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows
Wheat followed the firm trend, bouncing after a slide to one-week lows
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.
Motion to squash Bill C-234 amendments put to MPs
Pass the bill as-is now, or risk passing nothing at all says Bloc
Bill C-234, which would amend the Greenhouse Gas Pollution Price Act, was once again the subject of debate as Parliament resumed today. Conservative MP Ben Lobb tabled a motion to essentially reject the Senate’s amendments to the bill.
U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries
Chinese demand less certain as real estate crisis deepens there
U.S. soybean futures fell to two-year lows below $12 a bushel on Monday, pressured by improving prospects for large South American harvests and worries about demand as top global soy buyer China struggles with a real estate crisis, analysts said.
USDA attaché reports from Canada, other countries
Drought, grasshoppers among concerns cited for Canadian Prairies
The Global Agricultural Information Network of the United States Department of Agriculture issued a series of reports during the week ended Jan. 26. Of those, some of them could have an affect on the North American markets.
Large fund short position in canola edges lower
Net short position in soybeans grew to its largest level in nearly four years
Managed money fund traders only made small adjustments to their large net short position in canola futures during the week ended Jan. 23, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Angry French farmers block highways in bid to step up pressure on government
Belgian farmers also protesting in Brussels
Long lines of tractors blocked highways near Paris and across France on Monday, as angry farmers sought to put pressure on the government to do more to help them weather inflation, compete with cheap imports and make a living.