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CBOT September 2022 wheat (candlesticks) with 20- and 200-day moving averages (green and black lines), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat hits five-month low

Corn, soy firm on U.S. weather outlook

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Chicago | Reuters — Chicago Board of Trade wheat futures tumbled to a five-month low on Friday, with hopes for a pick-up in exports from war-torn Ukraine threatening the recent gains made in demand for U.S. supplies, traders said. Corn futures firmed again, their seventh gain in the last eight sessions, on concerns about hot […] Read more
File photo of federal Agriculture Minister Marie-Claude Bibeau on a tour of one of the original ‘Living Lab’ sites in Quebec that led up to the launch of the national ACS program in 2021. (Photo courtesy Agriculture and Agri-Food Canada)
General, Machinery, Weather

Feds boost Living Labs’ reach to all provinces

Nine projects, including first-Indigenous led lab, share $54M

By ,
The first crop of federally-funded “Living Labs” backed by the Agricultural Climate Solutions (ACS) program, set up to prove carbon-sequestering on-farm processes, takes the concept to the six provinces where such farm-level labs weren’t yet in place. Agriculture Minister Marie-Claude Bibeau, speaking Thursday in Calgary, announced $54 million from the $185 million, 10-year ACS program […] Read more
Cargo ships are docked in Ukraine’s Black Sea port of Odesa on Nov. 4, 2016. (File photo: Reuters/Valentyn Ogirenko)
Crops, Markets, Reuters

As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions

By
Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybean futures rise

Chicago wheat ends weaker

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Chicago | Reuters — U.S. corn futures gained 1.5 per cent on Wednesday, supported by concerns that hot and dry weather in the U.S. Midwest could cut into harvest yields, traders said. Soybean futures also were firm, recovering from sharp declines after the U.S. Agriculture Department’s monthly world agricultural supply and demand estimates (WASDE) report […] Read more
A Canada-wide map of drought conditions. Photo credit: Canadian Drought Monitor
Crops, Weather

Drought conditions remain in Alberta, Saskatchewan

By
MarketsFarm — After copious amounts of precipitation alleviated the most severe drought conditions in Saskatchewan and Alberta, there were still some areas dealing with extreme dryness entering July, according to the Canadian Drought Monitor. At the end of June, only 22 per cent of the Prairie region was classified in the Abnormally Dry (D0) to […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand

Larger corn, soybean supplies in forecast

By
Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more
File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)
Crops, Markets

Baltic Dry Index at three-month lows

Demand for ocean freight seen backing off

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MarketsFarm — Ocean freight rates have come under pressure over the past month as demand for freight backs away, which could be seen as a sign of the slowing global economy. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 2,081 points on Monday, up 14 points from Friday’s […] Read more

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