Chicago Board of Trade wheat futures Wv1 reached their highest level since July on Tuesday as frost damage in top-exporter Russia and lower U.S. crop ratings supported prices, traders said.
Oilseeds
U.S. grains: CBOT wheat hits July high on declining Russian crop estimates
AAFC raises canola carryout projections, wheat to tighten
Canadian canola exports in both 2023/24 and the upcoming new crop year are unlikely to live up to earlier expectations, causing ending stocks of the oilseed to rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released May 21.
Alberta Crop Report: Much-needed moisture replenishes province
The rains that fell onto south, central and northeastern Alberta during the week ended May 14 were a mixed blessing for growers according to the provincial government’s crop report released on May 17.
U.S. grains: CBOT wheat drops as Kansas tour projects above-average crop
Chicago Board of Trade wheat futures dropped on Friday after a crop tour through Kansas this week projected better-than-average yields in the top U.S. winter wheat state, analysts said.
U.S. grains: Soybeans end mixed on Brazil crop concerns, weak US demand
Chicago Board of Trade soybean futures ended mixed on Thursday as renewed worries about major flooding in southern Brazil offset data indicating lower demand for soy from U.S. processors, analysts said.
Saskatchewan Crop Report: Half of field pea, lentil acres seeded
In total, 32 per cent of intended acres were seeded so far this spring, according to the Saskatchewan government’s weekly crop report released on May 16. One week earlier, seeding across the province was only 12 per cent complete.
Rail strike won’t happen this month, CPKC says
CPKC, Teamsters to continue meeting as Canadian Industrial Relations Board deliberates
A potential rail strike will not happen this month as rail companies and workers await a decision from the Canada Industrial Relations Board (CIRB), Canadian Pacific Kansas City (CPKC) said today.
U.S. grains: CBOT soybeans slip as US crush hit 7-month low in April
Chicago Board of Trade soybean futures ticked down on Wednesday, after the National Oilseed Processors Association (NOPA) reported that U.S. crushing plunged in April to a seven-month low.
CBOT weekly: Traders watching out for weather concerns
United States wheat futures rose sharply during the week ended May 15, while corn and soybean futures at the Chicago Board of Trade (CBOT) were in a rangebound, up-and-down pattern.
Manitoba crop report: Seeding speeds up to normal pace
Planting progress greatly accelerated across Manitoba during the week ended May 12.
The province’s crop report released on May 14 showed that seeding was at 30 per cent completion, compared to just four per cent the week before.