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

U.S. grains: Soybeans, corn down on technical setback

Chicago December wheat rises

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Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder […] Read more
File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. railways to halt grain shipments ahead of potential shutdown

Fall fertilizer traffic also at risk

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Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels […] Read more
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. government makes contingency plans for rail shutdown

Three unions represent about 60,000 rail workers

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Washington/Los Angeles | Reuters — U.S. President Joe Biden’s administration on Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service. The potential shutdown, […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Markets, Peas

Pulse weekly outlook: Seasonal harvest pressure weighs on Prairie pea bids

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MarketsFarm — Pea bids in Western Canada have come under some pressure over the past few weeks, as harvest of the crop nears completion. However, country movement remains light, as producers concentrate on bringing in their remaining grain and oilseed crops. “They want to get done harvest before they worry about (pricing),” said grain broker […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybean futures dip on profit-taking

Chicago wheat firms

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn futures hit June highs

USDA cuts domestic harvest estimates

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Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

Production, ending stocks down for U.S. corn, soybeans

Worldwide soy, corn stocks also revised lower

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MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
Interior view of the Aurora Sky cannabis production facility near Edmonton. (Aurora Cannabis video screengrab)
Crops

Aurora buys control of major B.C. hothouse veg firm

Bevo Farms to take over Aurora Sky cannabis production site

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A major player in B.C.’s greenhouse vegetable sector is about to expand its operations into an Alberta cannabis grow facility — backed by a major investment from the plant’s owner. Aurora Cannabis on Aug. 25 announced a subsidiary is buying a 50.1 per cent stake in Bevo Agtech, the parent of vegetable and ornamental plant […] Read more
(Dave Bedard photo)
Crops, Markets

Funds add to bearish bets in canola

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MarketsFarm — The speculative net short position in the ICE Futures canola market grew during the week ended Tuesday, as fund traders added more bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Putin comments raise wheat bids

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MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more

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