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Crops, Weather

Planting in Saskatchewan nearing its end

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MarketsFarm — Spring planting across Saskatchewan reached 91 per cent complete as of Monday, according to the province’s latest crop report. That was an increase of 15 points over the week and the pace was only six behind the five-year average. However, Saskatchewan Agriculture stressed there are many acres in the eastern half of the […] Read more
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Crops, Weather

Rain helps Ontario crops as last of seeding presses on

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MarketsFarm — Rains were timely in helping with crop establishment, according to the latest report from the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA). As some spring planting remained to be completed, amounts of precipitation ranged from 12 to 55 millimetres. While herbicide applications on cereals continued in southern Ontario, planting in the […] Read more
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Crops, Weather

StatCan releases satellite crop vegetation data

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MarketsFarm — Statistics Canada’s crop condition assessment program (CCAP) on Thursday released its weekly normalized difference vegetation index (NDVI) values from April 11 to May 29 — telling the tale of weather extremes in the Prairie provinces. As of the fourth week of May, seeding was 95 per cent complete in Alberta, compared to the […] Read more
CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures rally to 10-year top

Corn firm, wheat falls

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Chicago | Reuters — U.S. soybean futures rallied on Thursday, hitting their highest in nearly a decade and threatening their all-time high on signs of good export demand for U.S. supplies, traders said. Corn futures also rose, with cash market strength underpinning the tight supply situation. Wheat futures fell on improving weather for U.S. and […] Read more
Aerial view of the Nika-Tera port terminal at Mykolaiv, Ukraine from a 2020 corporate video. (Nika-Tera video screengrab via YouTube)
Crops, Markets, Reuters

Russian attack destroys warehouses of major Ukrainian port terminal, owner says

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Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more
CBOT July 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures drop after rally

Strong cash market supports corn, soy

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Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more
CBOT July 2022 wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rally, pull corn higher

Soy also gains; Ukraine grain export prospects dim

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Chicago | Reuters — U.S. wheat futures surged 5.1 per cent on Monday, supported by concerns about lengthy disruptions to shipments out of Ukraine as fighting intensified in that key grain export country. The strength in wheat spilled over into the corn market, which was on track to snap a streak of four straight negative […] Read more

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