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CBOT December 2021 wheat (candlesticks) with December 2021 oats (orange line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply issues

Oats also push corn higher

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Chicago | Reuters — Chicago wheat futures firmed on Thursday, strengthened by global supply concerns and a firming oat futures market on drought-stricken North American supplies. Corn and soybeans edged higher, supported by wheat and oats. The most-active wheat contract on the Chicago Board Of Trade (CBOT) added 12 cents to $7.17-3/4 a bushel (all […] Read more
CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Oats

CBOT oats climb on supply woes

Prairie drought eats at availability

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Chicago | Reuters — Chicago Board of Trade December oats futures climbed their daily maximum of 25 cents per bushel on Wednesday, nearing a 7-1/2 hear high, after drought slashed supplies from top global supplier Canada at a time of robust demand for the grain, traders said. The December oats contract surged 25 cents to […] Read more
Farmer and Grainews columnist Toban Dyck inspects wheat on July 6, 2021 near Winkler, Man., where hot and dry weather has led to thin, uneven stands. (Photo: Reuters/Rod Nickel)
Crops, Markets, Weather

StatsCan confirms Canada’s crop production down in 2021

Corn expected to be lone exception

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MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more
CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and black lines). (Barchart)
Crops, Markets, Weather

CBOT weekly outlook: Factors worth watching

Oats showing recent strength

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MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the […] Read more
Photo: iStock
Canola, Markets

ICE weekly outlook: Major canola supply issues ahead

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MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets

Canada’s canola acres up from earlier forecast

Wheat acres up; barley, oats, corn revised lower

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MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Canola, wheat acres in opposite trends before StatsCan report

'Every commodity was offering options that were profitable'

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MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
(Dave Bedard photo)
Crops, Markets

StatsCan’s projected canola area on low side of expectations

Wheat acres expected lower, barley up

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MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more

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