Wheat Archives - Page 177 of 572

CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand

Larger corn, soybean supplies in forecast

By GFM Network News July 12, 2022

Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle market adjusts for lower barley prices

By Jerry Klassen, GFM Network News July 12, 2022

Compared to last week, western Canadian yearling prices climbed $2-$4 on average. Calf markets were unchanged. For the second week in a row, the market was hard to define due to limited numbers on offer. Small packages under five head and single stragglers were common. Larger groups of green thin yearlings were well bid by […] Read more

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn firm on weather worries

CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report

By GFM Network News July 12, 2022

Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less […] Read more

Canola, Crops, Markets

Canola funds’ position shifts to net short

By Phil Franz-Warkentin, GFM Network News July 9, 2022

MarketsFarm — Speculative fund money in ICE Futures canola shifted to a net short position for the first time in two years, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 677 contracts […] Read more

File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)

Crops, Markets

USDA attaché alters call on China’s ending stocks

By GFM Network News July 9, 2022

MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Prices take a hard hit

By GFM Network News July 9, 2022

MarketsFarm — Wheat prices on the Canadian Prairies were down hard for the week ended Thursday. Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats incurred sharp losses as prices tumbled in U.S. markets. Additional pressure came from Statistics Canada’s report on planting intentions for 2022-23. The […] Read more

CBOT September 2022 wheat (candlesticks) with 20-day moving average (minty green line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat surges to one-week high on easing recession fears

Corn, soy futures also touch one-week high

By Tom Polansek, GFM Network News July 9, 2022

Chicago | Reuters — Chicago Board of Trade wheat futures soared 6.6 per cent on Friday, extending a rebound from four-month lows this week on easing fears of a global recession and signs of renewed importer demand, analysts said. Corn also rose to move up from a seven-month low touched this week, and soybeans continued […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets

Feed weekly outlook: Grain prices coming down

By GFM Network News July 7, 2022

MarketsFarm — As futures prices fall back, those for feed have been following, according to Jenny Redshaw, a trader with Agfinity at Stony Plain, Alta. “There are lots of things going on,” she said, noting demand has been somewhat lacklustre. “The feedlots aren’t breaking down any doors,” she added. With prices down across the board […] Read more

CBOT September 2022 wheat (candlesticks) with 50- and 100-day moving averages (black and dark green lines), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat rebounds four per cent as recession jitters abate

Corn, soybeans up two per cent after also hitting multi-month lows

By Tom Polansek, GFM Network News July 7, 2022

Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Thursday, recovering from a 4-1/2-month low a day earlier, as recession fears in financial markets eased. Soybean futures climbed three per cent and corn rose two per cent in their own moves away from multi-month lows touched in the previous […] Read more

CBOT September 2022 wheat (candlesticks) with 200-day moving average (blue line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

Crops, Markets

CBOT weekly outlook: Speculation, harvests plunge grain prices

By GFM Network News July 6, 2022

MarketsFarm –– Recession fears and harvest pressures weighed down grain prices on the Chicago Board of Trade (CBOT) for the week ended Tuesday and it’s unknown when the selloffs will end. Wheat contracts took a tumble by about $1.40 per bushel during the week, while the August soybean contract dropped $1.3225/bu. to close at $14.3925 […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News