Chicago Board of Trade wheat futures fell on Wednesday despite weather risks in top exporter Russia, highlighting the size of its supply as the country continues to dominate global export markets.
U.S. grains: CBOT grains, soybean futures end lower ahead of USDA reports
ICE canola weekly outlook: Uptrend intact, but watching weather
ICE Futures canola contracts climbed to their highest levels of 2024 in early May before taking a step back on May 8. While the uptrend is still intact, improving moisture conditions across Western Canada could limit any further gains.
CBOT Weekly: Focus on weather interrupted by USDA report
A grain rally at the Chicago Board of Trade (CBOT) during the week ended May 8 has seemed to run out of steam.
Manitoba seeding progress made, but behind average pace
Planting progress in Manitoba advanced a little bit during the week ended May 7, with four per cent of the province’s crops in the ground. With the bulk of the seeding in the central region, that’s up two points from the previous week but five behind the five-year average.
Thunder Bay grain shipments up to start season
Grain shipments out of the Port of Thunder Bay are running well ahead of average through the first few weeks of the 2024 shipping season.
Into the weeds: 2024 in preview
Prairie specialists consider which weeds are most likely to succeed as the season proceeds
The past few seasons have been a challenging time for farmers on the Canadian Prairies. Extreme heat, lack of precipitation and steep increases in production costs have caused some sleepless nights for many producers. As if those weren’t enough to contend with, another potential threat to crops will soon rear its ugly head: weeds. Grainews […] Read more
Brazil floods hit food silos, disrupt routes to major grains port
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
U.S. grains: Chicago grains back off highs on weather outlook, USDA data
Chicago wheat fell on Tuesday from peaks not seen since December, while corn eased from four-month highs as investors gauged the impact of harsh weather in some major production zones.
Most Canadian grain stocks tighter than a year ago
For many of Canada’s major crops, their holdings came in lower than a year ago, as Statistics Canada released its stocks of principal field crops as of March 31 report. There were declines in all wheat, durum, oats, corn, lentils and peas, but there were increases for barley and canola while soybeans were relatively steady.
Attaché projects small increases in Argentina soybeans
Soybean production in Argentina has been projected to increase slightly in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires.
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