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EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
General, Markets, Reuters

EU predicts pain for farmers, consumers from Ukraine crisis

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Brussels | Reuters — Russia’s invasion of Ukraine and EU sanctions on Moscow will prove painful for farmers, consumers, fertilizer makers and exporters of farm products, the European Commission warned on Monday. Michael Scannell, deputy director-general of the Commission’s agriculture division, said grain buyers should brace for higher prices given that Russia and Ukraine made […] Read more
CBOT May 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn limit up on Russia-Ukraine supply fears

Egypt cancels wheat tender amid market turbulence

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Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
CBOT May 2022 wheat (candlesticks) with K.C. May 2022 wheat (orange line) and MGEX May 2022 wheat (dark green line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat limit down as Ukraine conflict assessed

Corn off eight-month peak, soybeans off 9-1/2-year top

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Chicago | Reuters — U.S. wheat futures tumbled on Friday in a profit-taking setback after peaking earlier at the highest level since mid-2008 as investors turned back to equities and traders assessed potential disruption to supplies from Russia’s invasion of Ukraine. Corn eased from Thursday’s eight-month peak, while soybeans slipped from a 9-1/2-year top in […] Read more
CBOT May 2022 wheat (candlesticks) with 20- and 100-day moving averages (green and black lines) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat limit up after Russia invades Ukraine

Soyoil futures hit all-time high on vegoil supply concerns

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Chicago | Reuters — U.S. wheat futures spiked by their daily trading limit on Thursday to their highest since mid-2012 and corn futures touched eight-month peaks after Russian forces attacked Ukraine, exacerbating worries over global grain supplies. Soyoil futures notched an all-time high on concerns about global vegetable oil supplies amid conflict in the major […] Read more
A file photo of cargo ships and harbour cranes in the Ukrainian port of Kherson on the Dnieper River. (Ioanna_alexa/iStock/Getty Images)
Crops, Markets, Reuters

Ukraine shuts ports as conflict threatens grain supplies

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Moscow/Kyiv | Reuters — Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking fear of supply disruption from leading grain and oilseeds exporters. Russia earlier ordered the Azov Sea closed to the movement of commercial vessels until further […] Read more
ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola finding plenty of support

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MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more
Photo: iStock/Getty Images
Corn, Crops, Markets, Reuters, Soybeans

With fertilizer costs high and seed scarce, U.S. farmers turn to soy

'These prices are just crazy'

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Chicago | Reuters — North Dakota farmer Jennifer Meyer typically devotes at least 20 per cent of her 2,500-acre farm to corn, which provides a convenient feed for the cattle she raises with her husband. But this year she is looking to find another crop for those 500 acres near Wilton as she has been […] Read more
CBOT May 2022 wheat (candlesticks) with K.C. May 2022 wheat (yellow O/H/L/C) and MGEX May 2022 wheat (orange O/H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, soybeans touch nine-year peaks

Concerns about disrupted Black Sea region exports lift markets

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Chicago | Reuters — U.S. wheat futures climbed to a more than nine-year peak on Wednesday and corn notched a fresh eight-month high as escalating Russia-Ukraine tensions threatened to disrupt supplies from the key Black Sea grain-exporting region. Soybean futures rallied to a 9-1/2 year peak as the conflict also put Black Sea sunflower oil […] Read more
(Dave Bedard photo)
Crops, Weather

Saskatchewan forage rainfall insurance to adjust for hot spells

SCIC also expanding crop roster for contract price option

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Saskatchewan forage and corn growers whose crops are insured against below-normal rainfall can expect a beneficial bump starting this year if those crops get cooked in high heat. The Saskatchewan and federal governments on Tuesday announced details for their 2022 crop insurance program — under which average coverage is expected to reach $405 per acre, […] Read more

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