Chicago Board of Trade wheat futures spiked on Friday amid an uptick in demand for U.S. wheat due to a weaker dollar and the availability of desirable new-crop wheat, traders said.
Oilseeds
U.S. grains: US wheat futures up on strengthening demand
Saskatchewan’s crops remain in good shape, but are still behind
Although crop conditions in Saskatchewan were good, the province’s latest crop report said development continued to fall behind normal for this time of year. Saskatchewan Agriculture pointed to the cooler temperatures and wet conditions as why development has been slower this year.
U.S. grains: Soybean futures recover from four-year low
Chicago Board of Trade soybean futures rose on short covering on Wednesday after nearing a four-year low this week on concerns about large supplies and lackluster U.S. export demand, analysts said.
ICE Weekly: ‘Soyoil scare’ fuels canola’s comeback
While the November contract fell below C$600 per tonne on June 26 for the first time since late February, it has since gained more than C$50 to close at C$652.70 on July 3. Earlier that day, the contract reached C$659.70, its highest level since June 7.
United Farmers of Alberta buys stake in Canterra Seeds
United Farmers of Alberta (UFA) announced today it had purchased nearly 1.3 million shares in Winnipeg-based Canterra Seeds.
CBOT Weekly: Still at the behest of the weather
United States corn and soybean crops continued to remain at whatever whims the weather brings, according to John Weyer of Walsh Commercial Hedging Services in Chicago.
Brazil pushing towards wheat self-sufficiency
The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
Manitoba crop weather/conditions varied
Mixed weather conditions across Manitoba over the Canada Day long weekend left some regions of the province dealing with excess moisture, with high winds and cool temperatures also affecting crop development, according to the latest provincial crop report.
Moving from dry to wet
Improved moisture conditions can mean different strategies
Farmers in Western Canada can breathe easy. Rains across most of the Prairies this spring have gone a long way toward recharging groundwater levels and lowering the risk of drought across the region. “We had an extremely warm winter with lower-than-normal precipitation in most areas,” says Trevor Hadwen, agroclimate specialist for Agriculture and Agri-Food Canada. […] Read more
U.S. grains: Corn, soy futures rise on technical trading, weather questions
Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.