Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said.
Manitoba’s top four insured crops in 2020 are unchanged from 2019, the Manitoba Agricultural Services Corporation’s (MASC) 2020 variety market share report shows. Canola leads the way followed by red spring wheat (varieties in the Canada Western Red Spring class), soybeans and oats. Why it matters: Manitoba Agricultural Services Corporation’s annual variety market share report
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Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down
Manitoba’s provincial hay and livestock experts want producers to consider winding back the clock if they have to make the best of poor feed. For many livestock producers, ammoniating forage is something that fell out of vogue decades ago. But now some of those experts want to bring it back to the table, with producers
Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a
A proposed takeover of Husky Energy by Cenovus Energy is expected to create not only Canada’s third-biggest oil and gas producer but also a new owner for the Prairies’ biggest ethanol business. The two Calgary companies on Sunday announced a friendly all-stock deal which would see Husky shareholders get 0.7845 of a Cenovus share —
What’s the basis for your basis decisions? Basis pricing doesn’t get as much attention as it should but is such an important, but often overlooked or misunderstood, piece of the grain-marketing puzzle. While many farmers do pay close attention to basis, others don’t. I initially looked at basis in this column a couple of years ago and
Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s
MarketsFarm — Fund traders were on the buy side in grain and oilseed markets during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 56,705