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Cereals

fall rye
Cereals, Crops

Cereal crop quality reasonable as harvest looms

Unsurprisingly, a late spring has translated into a delayed harvest this year

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Despite getting off to a later-than-normal start, early harvest results show reasonable grade and yield in the province’s cereal fields. “I would say the quality in general, how it’s looking in the field, is good,” says Anne Kirk, Manitoba Agriculture’s cereal specialist. Roughly half of the winter cereals (winter wheat and fall rye) have been
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn dips but still posts monthly gain

CBOT soy lower, wheat up

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Chicago | Reuters — U.S. corn futures declined for a second session on Wednesday on profit-taking at the end of the month and mounting recession worries, but the market nonetheless gained eight per cent during August due to eroding U.S. and European crop prospects. Soybean futures ended lower after a back-and-forth session. But wheat turned
CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn down on recession fears, profit-taking

Corn falls off two-month top; soy, wheat also down

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Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Tuesday, joining broad declines in commodities and equity markets as traders fretted about the health of the global economy. Profit-taking also weighed on corn futures, a day after the benchmark December contract notched a two-month high linked to declining U.S. crop production prospects.
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets

U.S. grains: Corn hits two-month high on heat, dryness concerns

Soybeans ease as crop tour sees large U.S. harvest

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Chicago | Reuters — Chicago Board of Trade corn futures set a two-month high on Monday after a U.S. crop tour last week found damage from hot, dry weather and organizers projected harvests would fall short of government estimates. Wheat futures rallied to their highest level in about seven weeks, while soybeans fell after the
(Dave Bedard photo)
Crops, Weather

Canadian crop production bounces back, StatCan reports

Wheat at higher end of trade projections

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MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would
Andre Harpe.
News

New ag policy framework gets mostly thumbs-up

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Change in the AgriStability reference margin from 70 to 80 per cent may encourage more participation

The new national business risk management plan is getting a generally positive reception from farm organization leaders. The new framework, titled the Sustainable Canadian Agricultural Partnership, was announced by federal, provincial and territorial agriculture ministers following their annual meeting at the end of July. Grain Growers of Canada chair Andre Harpe said he was glad the ministers were able to reach a decision,
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn up on crop tour’s lowered expectations

Hot, dry weather seen limiting U.S. corn, soy yields

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures jumped on Friday on concerns about hot and dry weather reducing U.S. yields, analysts said. After the close of trading, advisory service Pro Farmer projected a U.S. corn harvest of 13.759 billion bushels, which would be the smallest since 2019 and below government
(Dave Bedard photo)
Crops, Markets, Weather

Greater crop production estimated prior to StatCan report

Extended time lag between survey, data's release criticized

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MarketsFarm — Analysts are expecting Canadian crop production totals for the 2022-23 marketing year to be substantially higher compared to drought-stricken 2021-22, but still not enough to fully replenish supplies. Statistics Canada (StatCan) will publish its first satellite image model-based yield and production estimates for principal field crops on Monday. Traders and analysts are interested
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans, wheat, corn fall as traders book profits

Dispatches from crop tour limit day's losses

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Chicago | Reuters — Chicago Board of Trade soybeans, wheat and corn futures fell on Thursday on a profit-taking setback after rallying earlier in the week, traders said. “We are just running into a bit of technical resistance across the board,” said Dan O’Bryan, a risk management specialist and broker at Top Third StoneX. “You

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