Crops & Production Tips

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Wheat, soybeans buck expectations in USDA report

Soy ending stocks figure adjusted higher

By GFM Network News August 12, 2022

MarketsFarm — Projected average yields and production for wheat and soybeans for 2022-23 went against many analysts’ expectations, according to the U.S. Department of Agriculture (USDA). USDA released its monthly world agriculture supply and demand estimates (WASDE) on Friday, which surprisingly showed upward revisions for average yields and production despite pre-report estimates showing the opposite. […] Read more

Crops, Reuters

First Ukraine grain deal ship docks in Turkey

Lebanese buyer refused delivery

By Reuters, GFM Network News August 12, 2022

Istanbul | Reuters –– The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and the ship’s agent in Turkey said it would continue to Egypt after unloading part of its cargo. The Razoni set sail from Ukraine’s Odesa port […] Read more

Wreckage of wheat silos at Lebanon’s Port of Beirut following an explosion at the port on Aug. 4, 2020. (Hiba Kallas/iStock/Getty Images)

Crops, Reuters

Canada seeks to boost foreign aid for food security

Grain traffic out of Ukraine not yet easing crisis

By GFM Network News August 12, 2022

Amman | Reuters — An international food crisis exacerbated by the Ukraine war has spurred Canada to boost an over $6 billion annual foreign aid budget to help the most hard-hit countries in Africa and the Middle East, Canada’s aid minister said on Thursday. “The Ukraine crisis is creating shock waves when it comes to […] Read more

A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)

Crops, Markets

Prairie drought spurs record imports via Trois-Rivieres

G3 terminal reports record incoming grain handle

By Dave Bedard, GFM Network News August 12, 2022

Agrifood firms unable to source enough grain domestically due to last year’s drought have imported a record amount through a major St. Lawrence River grain terminal this year. Winnipeg grain handler G3, whose grain terminal at Trois-Rivieres, Que. has storage capacity for 109,000 tonnes, reported Wednesday the terminal has so far unloaded over 160,000 tonnes […] Read more

File photo of a field of soybeans under turbines at southern Manitoba’s St. Joseph wind farm. (Dougall_Photography/iStock/Getty Images)

Crops, Reuters

Russia to ban some imports of seeds from Canada, Europe

Canada's Prograin soybean seed on list

By Reuters, GFM Network News August 11, 2022

Moscow | Reuters — Russia will ban imports of some seeds from several locations in Europe and Canada from Aug. 15, its agriculture safety watchdog said on Thursday, citing non-compliance by suppliers with phytosanitary requirements as the reason. Imports of tomato and carrot seeds will be banned from a nursery of Satimex Quedlinburg, in Germany, […] Read more

CBOT November 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report

Grains also underpinned by U.S. dollar fall after inflation data

By GFM Network News August 11, 2022

Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final […] Read more

Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Prices lower despite mixed growing conditions

By GFM Network News August 11, 2022

MarketsFarm — While not as widespread as last year’s historic drought, some parts of Alberta are still struggling with hot and dry conditions. Suzanne Leclerc, owner of Market Master Ltd. in Edmonton, said growing conditions for feed grains across the province are varied. “As usual for the last couple of years, such a mixed review,” […] Read more

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Late canola crop hinges on weather

By Phil Franz-Warkentin, GFM Network News August 11, 2022

MarketsFarm — The ICE Futures canola market held within a narrow range during the week ended Wednesday, with weather conditions heading into harvest likely to dictate the eventual price direction over the next few weeks. “The key right now is the late state of the crop,” said Errol Anderson of ProMarket Communications in Calgary, noting […] Read more

CBOT September 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, wheat futures extend gains on crop risks

Wheat market also weighs prospects for more Ukraine exports

By Tom Polansek, GFM Network News August 11, 2022

Chicago | Reuters — Chicago Board of Trade corn and wheat futures rose on Wednesday, as hot, dry weather in parts of the U.S. and Europe kept attention on harvest risks, while soybeans settled lower after notching contract highs. Traders also adjusted positions ahead of the U.S. Department of Agriculture’s (USDA) monthly supply and demand […] Read more

Corn in progress just east of Blumenort, Man. on July 20, 2022. (Dave Bedard photo)

Crops, Markets

CBOT weekly outlook: Lower inflation, USDA report to impact markets

By GFM Network News August 10, 2022

MarketsFarm — With the U.S. Department of Agriculture (USDA) already set to release its monthly supply/demand estimates on Friday, the U.S. Labor Department threw in a curveball two days prior. The Labor Department on Wednesday reported the annual rate of inflation declined to 8.5 per cent in July, 0.6 of a point lower than in […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Crops

Wheat, soybeans buck expectations in USDA report

First Ukraine grain deal ship docks in Turkey

Canada seeks to boost foreign aid for food security

Prairie drought spurs record imports via Trois-Rivieres

Russia to ban some imports of seeds from Canada, Europe

U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report

Feed weekly outlook: Prices lower despite mixed growing conditions

ICE weekly outlook: Late canola crop hinges on weather

U.S. grains: Corn, wheat futures extend gains on crop risks

CBOT weekly outlook: Lower inflation, USDA report to impact markets

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