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CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans, wheat fall ahead of weekend

Rainfall in U.S. Midwest forecasts

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell to one-week lows on Friday, pressured by forecasts for beneficial rains in the U.S. Midwest, traders said. Wheat futures also were lower, with traders locking in profits from a rally that has pushed prices higher for five weeks in a row. Signs […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Rains lift interest, prices

Dry conditions in U.S. Corn Belt supportive

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MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about […] Read more
CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn down off multi-month highs

CBOT winter wheat firm

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Thursday, pressured by a round of profit-taking and some weather outlooks that called for relief to drought-stricken crops in the U.S. Midwest, traders said. “The markets have obviously been overbought on the run-up here on weather,” said Mark Soderberg, grains research […] Read more
(Dave Bedard/File photo)
Crops, Markets

AAFC’s June supply/demand estimates mostly unchanged

Corn exports adjusted upward

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MarketsFarm — Monthly supply/demand projections from Agriculture and Agri-Food Canada were left mostly unchanged in June, as the department awaits updated acreage estimates from Statistics Canada at the end of the month. Only corn saw any adjustments in the numbers from May, with a 200,000-tonne increase in 2022-23 exports, now at 2.05 million tonnes, resulting […] Read more
ICE July 2023 canola with 20-day moving average (yellow line, right scale) and CBOT July 2023 soybean oil (dark green line, left scale). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola market rising into summer

New StatCan acreage estimates out next week

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MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Markets, Weather

CBOT weekly outlook: Weather fuels rallies in grain prices

Rains expected in U.S. Plains states

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MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns

Meteorologists 'pretty much threw in the towel'

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Chicago | Reuters — U.S. corn, soybean and wheat futures rose to multi-month highs on Wednesday, supported by concerns about crop shortfalls around the globe due to adverse weather in key production areas. “Listening to the meteorologists this morning, they pretty much threw in the towel on any moisture for the dry areas of the […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets, Reuters, Weather

U.S. grains: Soy, corn futures steady; wheat mixed

Large Russian exports tempered fears of Black Sea corridor agreement breakdown

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Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General, Markets, Reuters

Canada retools inflation baskets with more focus on food, gas

Snowblowers and barbecues in, DVD players out

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Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Fewer growers signing up their green lentils

'A lot of interest' seen for red lentils

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MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more

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