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Oilseeds

CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (orange line) and MGEX March 2022 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Markets retreat on pre-Thanksgiving liquidation

CBOT wheat down off peak; corn, soy also slide

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Chicago | Reuters — U.S. wheat futures fell from multi-year highs on Wednesday and corn and soybeans eased in a profit-taking and liquidation sell-off ahead of the U.S. Thanksgiving holiday. A firmer U.S. dollar added pressure, but losses in corn and soy were tempered by signs of improved export demand. Markets will be closed on […] Read more
CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies to nine-year peaks on supply worries

Corn extends gains, soybeans ease ahead of holiday

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Chicago | Reuters — U.S. winter wheat futures rose to nine-year highs on Tuesday as declining weekly U.S. crop condition ratings stoked supply concerns and sparked fresh buying that more than offset earlier profit-taking pressure. Corn extended prior-session gains in light trading, while soybeans eased as traders squared positions ahead of this week’s U.S. Thanksgiving […] Read more
File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)
Crops, Weather

CN to reopen to Vancouver Wednesday

Prince Rupert also available, CN reminds shippers

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Canadian National Railway (CN) says it’s almost set to resume some service to Vancouver, starting early Wednesday. Montreal-based CN said in an emailed statement Tuesday that repair work on damaged sections of its track from Kamloops to Vancouver “progressed well over the weekend” and the line will reopen to “limited traffic” tomorrow “barring any unforeseen […] Read more
(File photo by Dave Bedard)
Crops, Weather

CP to reopen rail corridor to Vancouver Tuesday

B.C. storm led to damage in 30 separate spots, railway says

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Canadian Pacific Railway (CP) plans to have its rainstorm-battered mainline between Kamloops and Vancouver reopened to grain and other traffic around midday Tuesday. The company said Monday that out of 30 storm-damaged spots across its Thompson and Cascade subdivisions in southern British Columbia, 20 had seen “significant loss of infrastructure” in need of repair. CP […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC lowers canola export forecast

Domestic canola usage raised; other crops largely unchanged

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MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in 2021-22 are now forecast at […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand

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Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
India’s Prime Minister Narendra Modi speaks to media on the Parliament premises in New Delhi in this Nov. 18, 2019 file photo. (Photo: Reuters/Altaf Hussain)
Crops, Markets, Reuters

India’s Modi backs down on farm reforms in surprise win for protesters

Laws to be repealed in upcoming parliament session; protests to continue until then

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Ghaziabad, India | Reuters — In a surprise announcement Friday, India’s Prime Minister Narendra Modi said he would repeal agriculture laws that farmers have been protesting against for more than a year, sparking celebrations for what farmers called a hard-fought victory. Modi’s decision is a significant climb-down for the combative leader and comes as state […] Read more
Kansas City December 2021 wheat (candlesticks) with CBOT December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy ease on profit-taking

Canada's latest export disruptions supportive

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Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] Read more

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