Crops & Production Tips

CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Wheat firms with exports in focus

Chicago corn, soybeans fall

By Mark Weinraub, GFM Network News November 19, 2021

Chicago | Reuters — U.S. wheat futures rose on Friday, with strong buying interest by importers keeping prices near the multi-year highs hit earlier this week. Corn and soybean futures fell but the market was underpinned by strength in the cash market as grain dealers tried to entice U.S. farmers to book sales instead of […] Read more

MGEX December 2021 wheat (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids

By Phil Franz-Warkentin, GFM Network News November 19, 2021

MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, […] Read more

Kansas City December 2021 wheat (candlesticks) with CBOT December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy ease on profit-taking

Canada's latest export disruptions supportive

By Mark Weinraub, GFM Network News November 19, 2021

Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] Read more

Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)

Barley, Corn, Crops, Markets

Feed weekly outlook: Record imports of U.S. corn likely

Feeders will need to scale back barley usage

By Phil Franz-Warkentin, GFM Network News November 18, 2021

MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more

Crops, Reuters, Weather

B.C. floods may tighten market for real Christmas trees

'We're basically shut down until the water recedes'

By GFM Network News November 18, 2021

Ottawa | Reuters — Finding the perfect real Christmas tree will be harder and more expensive this year. Canada, the world’s top exporter of natural Christmas trees, is grappling with a shortage that will likely be exacerbated by historic flooding in British Columbia, where some tree farms are underwater. A phenomenon known as an atmospheric […] Read more

U.S. Agriculture Secretary Tom Vilsack speaks with striking workers at Deere’s Des Moines-area farm equipment plant at Ankeny, Iowa on Oct. 20, 2021. (File photo: Reuters/Scott Morgan)

Crops, Machinery

Deere’s striking U.S. workers accept revised offer

Operations to resume Wednesday night, company says

By Dave Bedard, GFM Network News November 18, 2021

Production and maintenance workers at 14 Deere and Co. plants are expected to return to work starting Wednesday night after voting to approve a new contract. United Auto Workers (UAW), which represents over 10,000 Deere employees in the U.S., said late Wednesday its members voted 61 per cent in favour of new six-year collective bargaining […] Read more

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

Crops, Markets, Reuters

U.S. grains: Soy, wheat up on strong exports, inflation worries

CBOT corn also rises

By Mark Weinraub, GFM Network News November 17, 2021

Chicago | Reuters — U.S. soybean futures jumped 2.1 per cent on Wednesday to their highest in nearly seven weeks, supported by fresh export deals and strength in the domestic cash market. Wheat and corn futures were also strong, with wheat recovering from a pullback on Tuesday to top the nine-year high it hit Monday. […] Read more

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola trade starts rolling out of January early

By GFM Network News November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more

A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)

Crops, Markets, Soybeans, Winter Wheat

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

By GFM Network News November 17, 2021

MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more

Crops, Machinery, Reuters

Striking Deere workers set for crucial vote

Equipment maker mulling options

By GFM Network News November 17, 2021

Reuters — About 10,000 striking workers at Deere and Co. will vote again on Wednesday to approve or reject a modified contract proposed by the company, as the longest strike in more than three decades forces the world’s largest farm equipment maker to consider other options. Deere has not publicly commented on changes to its […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Crops

U.S. grains: Wheat firms with exports in focus

Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids

U.S. grains: Wheat, corn, soy ease on profit-taking

Feed weekly outlook: Record imports of U.S. corn likely

B.C. floods may tighten market for real Christmas trees

Deere’s striking U.S. workers accept revised offer

U.S. grains: Soy, wheat up on strong exports, inflation worries

ICE weekly outlook: Canola trade starts rolling out of January early

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

Striking Deere workers set for crucial vote

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