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Oilseeds

CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat tumbles on weak export sales, recession fears

Corn, soybeans rise on crude oil rally, but end mixed

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Chicago | Reuters — U.S. wheat futures fell for a fourth straight session on Thursday, extending prior-day losses that were the worst in 7-1/2 months as weak U.S. export sales data stoked concerns about the coronavirus pandemic destroying demand. Soybeans and corn ended mixed as early short-covering and spillover support from sharply higher crude oil […] Read more
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the […] Read more
Riding Mountain National Park in western Manitoba. (Mysticenergy/E+/Getty Images)
General, Machinery, Weather

Manitoba eases load limits for grains, livestock, vegetables, fertilizer

'Essential' commodities allowed at normal axle weights on more roads

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Springtime load limits on certain Manitoba highways will be lifted early this year for transport of crops, livestock, fertilizer and other “essential” goods. Provincial Infrastructure Minister Ron Schuler announced Tuesday that certain essential goods may be trucked at “normal loading” axle weights on highways usually subject to Level 1 road restrictions during spring thaw. Essential […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat posts steepest drop since August

Soy drop biggest in 2-1/2 weeks; corn extends losses on big supply, weak ethanol demand

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Chicago | Reuters — U.S. wheat prices fell more than three per cent on Wednesday as coronavirus fears dragged down equities markets and lifted the dollar, sending Chicago wheat futures to their steepest decline in 7-1/2 months. Soybeans fell more than two per cent, the most in 2-1/2 weeks, and most corn contracts posted fresh […] Read more
New-crop CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn drops after USDA pegs plantings above expectations

USDA forecasts largest U.S. corn acres in eight years

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Chicago | Reuters — U.S. corn futures settled lower on Tuesday after the U.S. Department of Agriculture (USDA) forecast 2020 plantings at the largest in eight years, well above trade expectations, while soybeans firmed on a lower-than-anticipated acreage outlook. A tighter-than-expected USDA quarterly corn stocks estimate limited losses, but most contracts notched life-of-contract lows after […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

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Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an […] Read more
(Dave Bedard photo)
Crops, Weather

Saskatchewan crop insurance deadline pushed to mid-April

Governments offer farmers 'flexibility'

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The month-end deadline for Saskatchewan farmers to finalize contracts with the provincial Crown crop insurance agency for 2020 has been moved to April 13. Provincial Agriculture Minister David Marit and federal Ag Minister Marie-Claude Bibeau on Monday announced the extension on farmers’ deadline to “apply, reinstate, cancel or make changes” to crop insurance contracts. “We […] Read more
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn slumps as ethanol makers feel coronavirus constraints

Market awaits USDA plantings, quarterly stocks data

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Chicago | Reuters — U.S. corn futures fell more than one per cent on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel. Soybeans ended mixed, with nearby contracts lifted by firm soymeal prices and concerns coronavirus restrictions may impede South American soy shipments. Wheat […] Read more
Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)
Crops, Markets

Global grain production to increase, IGC predicts

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MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more

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