Canadian farmers reap record profits as crop prices soar

Canadian farmers reaped record profits last year and are on track to do the same this year, the federal Agriculture Ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed for that country’s rebuilding[...]

Potash fertilizer producers eye surging demand

Reuters – Global sales of potash fertilizer look to hit record highs this year, helped by a spike in crop prices, but cautious North American producers are keeping a lid on supplies. Canada’s Nutrien and U.S.-based Mosaic have benefited as crop prices climbed to multi-year highs, helped by strong Chinese demand. “We believe there is[...]


Canada bumps up wheat harvest view, trims canola estimate

Winnipeg | Reuters -- Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually[...]



U.S. grains: Wheat plunges to three-month low on export competition

Winnipeg | Reuters -- Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders' focus on competition from cheaper Black Sea supplies. Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous session over disappointing U.S. biofuels levels. The most-active wheat contract on the[...]

U.S. grains: Wheat tumbles to three-month low in broad sell-off

Winnipeg | Reuters -- Chicago wheat fell on Monday to a three-month low, as commodity and equity markets dropped on concern about the impact of rare protests in China against its strict anti-COVID-19 policy. Cheap supplies from Russia and elsewhere in the Black Sea are adding competition for U.S. wheat, and prices have slipped to[...]


U.S. grains: Wheat rises on short-covering, China optimism

Winnipeg | Reuters -- Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions[...]

Canada to harvest less wheat than expected due to drought

Winnipeg | Reuters -- Canadian farmers will harvest less wheat than expected after dry conditions in parts of the Prairie provinces shrunk yields, a government report showed on Tuesday. Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis has shown. Canada[...]


U.S. grains: Soy snaps win streak on disappointing biofuel mandates

Winnipeg | Reuters -- Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4[...]

U.S. grains: Wheat inches higher on hopes China will ease COVID-19 measures

Winnipeg | Reuters -- Chicago wheat finished slightly higher on Tuesday after the previous day's three-month low, as investors saw hope that China would ease measures to counter COVID-19 infections after rare protests in the country unsettled markets a day earlier. Soybeans also gained on optimism about China, but corn dipped over concerns about export[...]