(Lisa Guenther photo)

U.S. grains: Prices fall on technical selling, abundant supplies

Reuters — U.S. grain and soybean prices fell on Tuesday, weighed by technical selling and abundant global supplies. Soybeans and wheat gave up earlier gains that were based on weather concerns for developing crops, while corn led the way down in choppy trading ahead of Friday’s Christmas holiday. “There’s no real bullish news, so there’s […] Read more

Moscow at Christmastime. (Cia.gov)

Russian ministry proposes reducing wheat export tax

Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more


(Country Guide file photo)

Prairie spring wheat bids down as basis erodes

CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as basis levels deteriorated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$1-$5 per tonne during the week, according to price quotes from a cross-section of delivery points across the Prairie provinces. Average prices ranged […] Read more

(Lisa Guenther photo)

U.S. grains: Soybeans, grains slip on big supplies, choppy trade

Reuters — Prices for U.S. grains and soybeans dipped on Monday, giving up slight early advances in thin, choppy trade that focused on plentiful global supplies. The markets declined despite favourable weakness in the U.S. dollar and concerns about insufficient rains curbing Brazil’s soybean production. Price movements and volumes were limited as the market wound […] Read more