Chicago Board of Trade wheat futures Wv1 fell on Wednesday as heavy world supplies and cheap Black Sea exports weighed on prices, ahead of a potential Canadian rail stoppage on Thursday.
Corn and wheat prices at the Chicago Board of Trade (CBOT) were mostly steady during the week ended Aug. 21, while those for soybeans started to move upward.
Most of Manitoba’s fall rye and winter wheat crops came off the ground, while the harvesting of other crops for the most part started during the week ended Aug. 19, according to the province’s weekly crop report.
Days before Statistics Canada presents its monthly principal field crop estimates, Agriculture and Agri-Food Canada (AAFC) released its estimates on Aug. 20, showing some changes to grains from the month before.
Nearly three dozen North American agriculture groups, in a joint letter to the U.S. and Canadian governments today, urged action to avoid a rail stoppage.
Chicago soybean futures rallied on Monday, recovering from nearly four-year lows as traders waited to see if a major field tour this week will support expectations of bumper U.S. yields.
Chicago Board of Trade soybeans and corn futures turned lower on Friday, with both also notching a third weekly loss, as farmers kept clearing out their grain bins ahead of a U.S. harvest that is forecast to see massive yields, traders said.
s the harvesting of fall crops in Alberta exceeded the halfway point, the combining of the province’s spring cereals was just beginning, according to the latest Alberta crop report.
Cash wheat prices for Canada Prairie Red Spring Wheat, Canadian Western Red Spring Wheat, and Canadian Western Amber Durum were mixed for the week ended Aug. 15. The futures market in the United States saw gains in Minneapolis spring wheat and losses for Chicago and Kansas City winter wheat.