Chicago grains and soybeans firmed on Friday as expectations improved for U.S.-China trade relations after leaders of the two countries spoke and agreed to further discussions.
Daily news
U.S. grains: Chicago futures firm on weather, U.S.-China trade optimism
Alberta Crop Report: Seeding near complete amidst dry conditions
Seeding complete for most crops
Seeding is nearly finished for crops in Alberta despite conditions getting drier and drier.
Drop in U.S. bulk exports highlighted by USDA report
Down 10 points in three years says FAS
Since 2020, bulk exports out of the United States rose and then fell back, said the U.S. Department of Agriculture report released on June 6. Issued by the USDA's Foreign Agricultural Service, the Rise and Fall of Bulk Commodities cited several reasons for the drop in bulk exports.
Prairie Wheat Weekly: Mixed prices across the region
Higher U.S. prices encourage stronger cash prices
Western Canadian cash prices for spring wheat were mostly higher during the week ended June 5, while those for amber durum moved lower.
India’s Modi to attend G7 summit in Canada
India and Canada to work together “with renewed vigour”
India's Prime Minister Narendra Modi said he looked forward to meeting his Canadian counterpart Mark Carney during the G7 summit, after the latter invited him to the gathering over a phone call on Friday.
Cereals Canada hub receives international support
U.K. bakery Warburtons contributes $650,000 to Global Agriculture Technology Exchange
Warburtons, the United Kingdom's largest bakery, committed $650,000 in contributions to the Global Agriculture Technology Exchange on June 5.
China seeks improved ties with Canada amid rising trade tensions
Carney and Li agreed to establish regular communication channels
China called on Friday for steps to improve bilateral ties with Canada, saying there were no deep-seated conflicts of interest, following a spike in trade tensions with many of Beijing’s Western trade partners this year.
U.S. livestock: August live, cattle contracts hit record highs
Strength in cash markets caused live and cattle futures on the Chicago Mercantile Exchange to rise on Thursday, despite low export numbers reported by the United States Department of Agriculture.
U.S. grains: Soybean futures rise on U.S.-China trade optimism
Wheat futures rise amid Russia-Ukraine tensions
Chicago Board of Trade soybean futures climbed to a one-week high on Thursday on optimism about the U.S. trade relationship with China, the world's largest soybean buyer, after leaders of the two countries spoke by phone for more than an hour.
Feed Grain Weekly: Demand, supply matching each other
Dryness having little impact on feed prices
Demand for feed grains continued to hold up fairly good with ongoing dry conditions on the Canadian Prairies not having much of an impact on prices, said Brandon Motz, a manager at CorNine Commodities in Lacombe, Alta.