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A corn crop near London, Ont. in July 2021. Relatively good yields down east may lead to more Prairie livestock feeders “jumping on the corn bandwagon.” (Farmtario photo by John Greig)
Barley, Crops, Markets

Feed weekly outlook: Crop estimates show severity of drought

'Corn bandwagon' filling up

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MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn, wheat end firmer on bargain buying

Markets up off fall from Ida damage

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Chicago | Reuters — U.S. soybean futures firmed on Thursday on bargain buying after a six-session slide and better-than-expected weekly export sales data, analysts said. Corn and wheat futures also edged higher, consolidating after recent declines. Chicago Board of Trade November soybeans settled up 5-1/2 cents at $12.83-1/4 per bushel, bouncing a day after hitting […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans sag on export worries after Ida

Wheat futures follow downward

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Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday, with the benchmark December contract hitting a seven-week low as worries about shipping delays from the U.S. Gulf Coast triggered a round of long liquidation, analysts said. Soybean futures touched a two-month low and wheat followed the weaker trend. Commodity funds […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns

Traders adjust positions on last day of month

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Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf Coast, which accounts for about […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Prices down on rains, Ida shuts grain facilities

Iowa, Minnesota crops benefit from rain; Cargill says Ida damaged Louisiana terminal

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Chicago | Reuters — Favourable rains in the U.S. Farm Belt combined with approaching harvests to push down Chicago Board of Trade grain and soybean futures on Monday, analysts said. Traders, meanwhile, assessed disruptions to U.S. crop exports from Hurricane Ida at a time when global supplies are tight and demand from China is strong. […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Smaller crops anticipated in looming StatsCan report

Survey-based data due out Monday

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MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more
CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease as Midwest’s rains seen boosting crop

CBOT December corn up, wheat down

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Chicago | Reuters — U.S. soybean futures fell for a second straight session on Friday as rains were seen boosting harvest prospects in some dry areas of the Midwest farm belt. Wheat futures fell on profit-taking and spillover pressure from lower soybeans, although concerns about global supplies limited declines. Corn was lower much of the […] Read more
(ThamKC/iStock/Getty Images)
Crops, Reuters

U.S. EPA recommends lowering 2020 biofuel mandates retroactively

Agency not confirming or denying sources' statements

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Reuters — The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to comply with the […] Read more

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