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CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Freezing temperatures threaten winter wheat, lift prices

Forecasts of weekend rains in Argentina keep lid on soy, corn

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Chicago | Reuters — Chicago wheat futures climbed on Friday, gaining for a second consecutive week as frigid temperatures threaten winter wheat crops across the U.S. Plains and into the Midwest. Fresh export activity in soybeans and corn added support, though gains were limited by much-needed rainfall in Argentina that will boost the rival export […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease on South American rainfall

Forecasts of freezing weather in U.S. Midwest support wheat; corn near even

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Chicago | Reuters — Chicago soybean futures dropped on Thursday, pressured by South American forecasts for more rain which could relieve parched soy crops in Argentina. Corn and wheat weakened, holding on to some of the previous day’s gains as extreme winter weather threatens winter wheat crops in the U.S. Plains and Midwest. The Chicago […] Read more
(File photo by Dave Bedard)
Crops, Machinery

Railways over revenue cap in drought year, CTA finds

CN, CP now owe $5.7 million in overages, penalties

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Despite a dramatically lower Prairie grain handle in the last crop year, the Western Grains Research Foundation can expect a $5.7 million gift card from Canada’s big two railways by the end of next month. The Canadian Transportation Agency, which sets the maximum revenue entitlements (MREs) each crop year for Prairie grain handled by Canadian […] Read more
Barley. (Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Alberta barley bids steady heading into holidays

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MarketsFarm — The Lethbridge feed grain market is holding relatively steady heading into the holiday season, with ample imports of corn from the U.S. keeping a lid on prices. Reports out of Alberta’s feedlot alley peg the upper edge of delivered barley bids in the $430-$435 area, with feed wheat seeing similar prices. Feedlots are […] Read more
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat climbs on winterkill worries

Corn, soy firm on South American dryness

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Chicago | Reuters — Chicago wheat futures climbed on Wednesday, as forecasts for temperatures well below freezing across the U.S. Midwest threatened winter crops heading into the holiday weekend. Corn and soybeans inched higher, supported by firmer wheat and weather conditions in South America. The most-active wheat contract on the Chicago Board of Trade (CBOT) […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Tightening Canadian lentil stocks expected

Pea ending stocks more comfortable

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MarketsFarm — Carryout stocks of Canadian lentils could tighten to their smallest level in seven years by the end of the current 2022-23 marketing year, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. While lentil production of 2.3 million tonnes was up by 44 per cent from the drought-stricken 2021-22 crop, expectations for […] Read more
CBOT January 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans end higher with South America in focus

Wheat even; supplies from Black Sea region weigh against U.S. cold snap

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Chicago | Reuters — Chicago soybean futures added on Tuesday as traders watched South American weather, though prices could not break above resistance around US$15 a bushel. “We’re at a key level that’s stopped this market several times,” said Kristi Van Ahn-Kjeseth, chief operating officer at consulting firm Van Ahn and Co. “You get to […] Read more
(Laura Rance photo)
Crops, Reuters

Corteva cuts U.S. jobs while exiting Russia

California plant produces seed for sunflower growers

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Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more

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