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A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023. (Photo: Ukrainian Infrastructure Ministry via Facebook/Handout via Reuters)
Crops

Russia destroyed 300,000 tonnes of grain since July in attacks, Kyiv says

Port damage cuts export potential 40 per cent, deputy PM says

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Kyiv | Reuters — Russia has destroyed almost 300,000 metric tonnes of grain since July in attacks on Ukraine’s port facilities and on ships, the Ukrainian government said on Friday, underscoring the war’s threat to global food security. In summer, Moscow quit a U.N.-brokered deal that had allowed exports of Ukrainian grain through the Black
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy, corn slip on profit taking, macro pressure

Exports lift wheat futures

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Chicago | Reuters — U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market. Corn futures followed soybeans lower, but wheat rallied after the U.S. Department of Agriculture (USDA) reported stronger-than-expected weekly export sales and confirmed a
CBOT November 2023 soybeans with 20- and 50-day moving averages and December 2023 soymeal (dark grey line, left column). (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops

CBOT corn, wheat also higher

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New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle
“I would say that generally, worldwide, the protein levels are a little bit hit or miss. In other words, there’s enough of a problem that people are seeking out protein or better-quality wheat.” – Neil Townsend, GrainFox.
Cereals, Crops

Global protein shortfalls a boon for Manitoba wheat growers

International market pressures could be a silver lining for a Manitoba wheat crop that saw lower than normal yields

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Manitoba wheat growers have a grain marketing mystery on their hands this year. There was no doubt the year was dry. Weekly crop reports put rainfall below average across most of the province, and it was less than half of normal in the driest parts of central Manitoba for most of the year. Given that,
(Geralyn Wichers photo)
Crops, Markets

Feed weekly outlook: Demand for feed grains ‘in a lull’

U.S. corn harvest a work in progress

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MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said,
CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Chicago soy touches 22-month low ahead of USDA report

CBOT wheat also lower; corn firm

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New York | Reuters — Chicago soybean and wheat futures fell on Wednesday, and corn futures firmed as the markets turned their attention to widely-followed U.S. government crop forecasts. The most-active soybean contract on the Chicago Board of Trade (CBOT) dropped 19 cents, about 1.5 per cent, to settle at $12.52-1/2 a bushel (all figures
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans lifted by bright report on export demand

CBOT wheat down sharply, corn also lower

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New York | Reuters — Chicago soybean futures rose on Tuesday, rebounding sharply from early losses on lift from technical trading and data showing a pickup in exports of the U.S. oilseeds. Corn prices weakened, and wheat futures fell sharply. The most-actively traded Chicago Board of Trade soybean contract rose 0.6 per cent to $12.71-1/2
(Bunge video screengrab via Vimeo)
Crops, Markets

Bunge shareholders bless Viterra wedding

Company still expects to close deal mid-2024

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Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday announced the results of an extraordinary general meeting of shareholders, in which they approved the acquisition of Viterra and a related issue of about 65.6
Pastures green up with recent rainfall, but limits harvest progress
Crop Report, Crops, Weather

Pastures green up with recent rainfall, but limits harvest progress

Manitoba Crop Report: Issue 22 (week 41)

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Overview  Limited harvest progress over the last week due to widespread rainfall across the province. Harvest progress sits at 86 per cent complete across the province, which is ahead of the 5-year average (81 per cent). Harvest has wrapped up for most of the spring cereal crops, with barley at 100 per cent complete, oats

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