U.S. grains: Wheat, soy futures hit multi-year highs

U.S. grains: Wheat, soy futures hit multi-year highs

Dry weather in U.S., Russia, Argentina supports wheat prices; soybeans, corn rise as Brazil also dry for planting

Chicago | Reuters — U.S. wheat and soybean futures soared to multi-year highs on Wednesday as unfavourable weather threatened production in exporting countries. Dryness has raised concerns among traders about the prospects for wheat planting in the U.S. Plains and the Black Sea region and for soybean planting in Brazil. Weather in the southern U.S.

Jim Cornelius visits with Victoria Loki and her baby, Cecilia, in South Sudan in 2015.

Always on mission

Outgoing Canadian Foodgrains Bank executive director Jim Cornelius reflects on a career of international development

The food aid was two months late. Niger was in the grip of drought and for many complicated reasons, the food aid the Canadian Foodgrains Bank had ordered had not reached the village Jim Cornelius was visiting that morning. He sat under a tree with a woman and her child. As she told him they


(iStock/Getty Images Plus)

Second Seeds Canada merger vote to proceed sans CSGA

Seed Growers membership had voted against amalgamation deal

A proposal to combine Canada’s seed industry groups into a single organization, to be dubbed Seeds Canada, will be subject to a new vote, this time with one less group on board. The Canadian Seed Trade Association (CSTA), Canadian Plant Technology Agency (CPTA); Commercial Seed Analysts Association of Canada (CSAAC) and Canadian Seed Institute announced

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks

Chicago corn also rallies

Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But


Manitoba harvest progress at 88 per cent, soybeans see rapid progress

Manitoba Crop Report and Crop Weather report for October 6

Southwest Region Sunny and dry weather dominated last week in the Southwest region, with one or two cloudy and windy days. Many producers have finished their harvest and doing some fall fertilizer application and other fieldwork. Some districts have inadequate topsoil moisture, which is making tillage challenging, as well as for fall anhydrous ammonia applications.

K.C. December 2020 hard red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat futures jump on weather woes

CBOT corn flat, soy firm

Chicago | Reuters — U.S. wheat futures rallied on Monday with K.C. hard red winter wheat hitting a two-year high on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in the wheat market while soybeans closed firm on


Sea surface temperature (SST) anomalies over the southern Pacific for the week centred on Sept, 30, 2020. (CPC.ncep.noaa.gov)

La Nina to bring colder, drier winter

MarketsFarm — There’s a La Nina poised to exert influence on the coming North American winter, according to Drew Lerner, senior agricultural meteorologist for World Weather Inc. in Kansas. A La Nina generates colder-than-normal temperatures, as opposed to the warm temperatures garnered from an El Nino. Both weather phenomenon can be found over the Pacific

(Dave Bedard photo)

CN, CP set third-quarter records for grain movement

MarketsFarm — Canada’s big two railways again reported moving record amounts of Canadian grain during the third quarter of 2020. Canadian National Railway (CN) reported Monday it had shipped 7.76 million tonnes of grain by rail, and Canadian Pacific Railway (CP) said Friday it had moved 7.72 million tonnes. For CN that not only marked