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Cereals

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

U.S. grains: Corn futures turn higher

CBOT wheat hits months-low on competition from Russian wheat

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Chicago | Reuters — Chicago Board of Trade corn futures ended higher on Friday as the market continues to closely watch the weather in South America, on what turned into a relatively choppy and short trading day, analysts said. Meanwhile, wheat futures fell sharply — with the December contract hitting its lowest since Aug. 22
U.S. President Joe Biden tours a manufacturing lab at McHenry County College during a visit to northwest Chicago suburb Crystal Lake on July 7, 2021. (Photo: Reuters/Evelyn Hockstein)
Crops

Biden says administration engaged in talks to avert U.S. railroad strike

CN's U.S. operations would be affected

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Nantucket | Reuters — U.S. President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet. Speaking to reporters outside a fire station on Nantucket
Photo: Reuters/Ben Nelms/File
Crops

Canadian grain deliveries during October mostly higher

Among grains, flax sees largest percentage decline

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MarketsFarm — Deliveries of major grains in Canada during October witnessed several gains compared to a year ago, according to the latest report from Statistics Canada (StatCan) released Thursday. All grain deliveries for October 2022 exceeded 5.43 million tonnes for a 19.3 per cent increase from the previous October. During last month, total wheat deliveries
The Navi Star, a Panama-flagged bulk carrier ship, arrives at the western Ireland port of Foynes delivering 33,000 tonnes of Ukrainian corn on Aug. 20.
Grain Markets, Markets

Black Sea tensions spur market volatility

Geopolitical concerns arise in a relatively quiet period for market fundamentals

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North American grain and oilseed markets saw wide price swings during the week ended Nov. 17. A barrage of conflicting news regarding the long-running conflict in Ukraine was at the forefront. The week started amid talk that Russia was considering backing away from the agreement allowing Ukrainian grain shipments through the Black Sea. Any disruption
A G-Mac’s custom seed treatment unit loads a truck with treated peas in a 2020 video screengrab. (G-Mac’s AgTeam via YouTube)
Crops

Simplot to buy western Saskatchewan ag retail chain

G-Mac's AgTeam to rebrand under Simplot name

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An independent crop input retail chain in western Saskatchewan is set to become part of agrifood firm J.R. Simplot’s retail arm. Simplot announced Nov. 15 it has a deal in place to buy G-Mac’s AgTeam, which owns and operates 15 outlets in the region, for an undisclosed sum. The deal, which will see the G-Mac’s
CBOT January 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans, grains turn higher ahead of U.S. Thanksgiving

Wheat rises as investors position ahead of holiday

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Chicago | Reuters — Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said. Corn futures strengthened, as the market eyed dry weather forecasts that may cause more
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Ocean freight rates under pressure

Container rates also lower

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MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, settled at 1,149 points
The impact of climate change is already being seen, says a wheat breeder with Agriculture and Agri-Food Canada. Weather data shows rising temperatures, and in many areas, considerably less rainfall.
Cereals, Crops

The quest for drought-tolerant wheat heats up

A hotter, drier future looms but breeding for drought tolerance is a complicated business

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Glacier FarmMedia – The push to breed drought-resistant wheat has taken on new urgency as dry times become more common and more severe. “Drought is big on everybody’s minds these days,” said Harpinder Randhawa, a wheat breeder with Agriculture and Agri-Food Canada’s Lethbridge research centre. “Especially in Western Canada, we rely heavily on the natural water availability of rainfall.” Droughts are forecast to
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Futures slip on rail strike threat, EU wheat talk

U.S. winter crop ratings at lowest since at least 1986

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Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States

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