Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Wheat
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
U.S. grains: Corn futures hit 16-month high above $5 a bushel
Chicago Board of Trade corn futures reached a 16-month high above $5 a bushel on Tuesday on robust U.S. export demand and expectations that inventories may tighten, analysts said.
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
More than one way to fight fusarium head blight
An integrated approach, using multiple best practices, can offer better chances of success
Fusarium head blight has been a stubborn threat to cereal crops in Western Canada since the 1990s. Some years are worse than others, but when the conditions favour this fungal pathogen, fusarium can cause significant losses in yield and crop quality in wheat, barley, oats and corn. The two primary weapons against fusarium — fungicides […] Read more
U.S. grains: Chicago wheat hits four-month high as cold threatens Russia, US crops
Chicago Board of Trade wheat futures Wv1 soared on Friday to their highest price since October, and analysts said support from blistering cold weather in the Black Sea and U.S. Plains regions prompted short covering.
Prairie spring wheat bids dip with U.S. futures, rising loonie
Durum steady
Hard red spring wheat bids in Western Canada moved lower during the week ended Feb. 13, as losses in the United States futures and strength in the Canadian dollar weighed on values.
China to develop gene-editing tools, new crop varieties in biotech initiative
China issued guidelines on Friday to promote biotech cultivation, focusing on gene-editing tools and developing new wheat, corn, and soybean varieties, as part of efforts to ensure food security and boost agriculture technology.
Western Australia’s wheat harvest exceeds forecast by 1.6 million tons, GIWA says
The 2024 grain growing season ended with the third-largest tonnage on record
The Grain Industry Association of Western Australia (GIWA) said on Friday that the state's recent harvest yielded approximately 1.6 million metric tons more wheat than its December forecast.
U.S. grains: Corn edges up on strong export sales, weather woes
Chicago corn futures ticked up in rangebound trade on Thursday as stout export sales, weather concerns in Argentina and strong demand added support, analysts said.
U.S. grains: Soybean futures fall on weak Chinese demand, mounting supplies
Chicago soy futures eased on Wednesday, pushed lower by Tuesday's U.S. Department of Agriculture report that forecast higher-than-expected U.S. soybean stocks, and continued concerns over weak Chinese demand for U.S. soy, analysts said.
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