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Oilseeds

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

U.S. grains: Soy, corn firm on weather worries

CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report

By
Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less […] Read more
CBOT September 2022 wheat (candlesticks) with 20-day moving average (minty green line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat surges to one-week high on easing recession fears

Corn, soy futures also touch one-week high

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Chicago | Reuters — Chicago Board of Trade wheat futures soared 6.6 per cent on Friday, extending a rebound from four-month lows this week on easing fears of a global recession and signs of renewed importer demand, analysts said. Corn also rose to move up from a seven-month low touched this week, and soybeans continued […] Read more
CBOT September 2022 wheat (candlesticks) with 50- and 100-day moving averages (black and dark green 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: Wheat rebounds four per cent as recession jitters abate

Corn, soybeans up two per cent after also hitting multi-month lows

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Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Thursday, recovering from a 4-1/2-month low a day earlier, as recession fears in financial markets eased. Soybean futures climbed three per cent and corn rose two per cent in their own moves away from multi-month lows touched in the previous […] Read more
(PortofThunderBay.com)
Crops, Markets

Thunder Bay grain exports picking up

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MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain […] Read more
CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy futures up off multi-month lows

Chicago wheat settles lower

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures rebounded on Wednesday after tumbling to multi-month lows as fears about a global recession fueled liquidation in commodity markets, analysts said. Bargain buying helped support prices following recent sell-offs by funds that were seen as overdone, analysts said. Traders remain uncertain about the […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures fall on recession fears, Midwest rains

U.S. crop ratings lower than trade expected

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Chicago | Reuters — U.S. corn, soybean and wheat futures fell to multi-month lows on Tuesday, joining a broad sell-off in crude oil and equity markets tied to fears of a global economic recession and waning demand for commodities, analysts said. Beneficial rains in portions of the U.S. Midwest over the Independence Day weekend bolstered […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

StatCan raises Canada’s canola plantings from earlier estimate

Farmers seen returning to 'steady Eddie' wheat

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MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a […] Read more
Signage outside an IBEW office in Winnipeg. (File photo by Dave Bedard)
Crops, Machinery

CN signals staff to return to work Wednesday

IBEW, railway to go to binding arbitration

By ,
Signals and communications workers at Canadian National Railway (CN) are set to end their 17-day strike and return to work Wednesday morning. CN, in a statement Monday, said the International Brotherhood of Electrical Workers (IBEW) System Council 11, which represents about 750 of the company’s employees across the country, had agreed to take its labour […] Read more

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