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(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly update: U.S. Fed decision one of many factors 

Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement

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Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures.  The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to
Goss’s bacterial blight showing the water-soaked tan-gray lesion with dark green/black freckles.
Cereals, Crops

VIDEO: Goss’s wilt bears watching for corn growers

The relatively new bacterial infection of corn has moved north from the U.S. Midwest in recent years

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A corn disease that gained a foothold in Manitoba a few years ago is one to watch, according to a provincial crops specialist. Veronica Owusu, crop production extension specialist with Manitoba Agriculture out of Gimli, says agronomists and farmers should check for Goss’s wilt. The bacterial disease has moved north from the American Midwest and
Table 2: Estimated MASC seeded acres by commodity at 97 per cent entered.
Crop Report, Crops, Weather

Waterhemp shows up soybeans, cereal crops drying down

Manitoba Crop Report: Issue 11 (week 30)

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Overview  Reports of waterhemp showing up in soybean fields in the RM of Emerson-Franklin and in the RM of DeSalaberry. Producers are encouraged to scout for this weed and remove from fields when found. For more information please see the Manitoba Crop Pest Update July 19 edition. Winter cereal crops continued to dry down over
(Medioimages/Photodisc/Getty Images)
Crops, Markets

U.S. grains: wheat pares gains after 5-month top; corn, soybeans retreat

The market pulled back from five-month highs as Russia appeared to slow its port attacks

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Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures Wv1 pared gains after setting five-month highs on Tuesday after Russia’s attacks on Ukrainian ports and grain infrastructure raised concerns about long-term global supplies and triggered a round of fund short-covering, analysts said. The wheat market pared gains and even dipped lower at times
Photo: File/Allan Dawson
Markets

EU looks to cover transport costs for Ukraine grain exports by land

About 60 per cent of Ukraine's exports were shipped via solidarity lanes when the Black Sea deal was in operation

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Brussels | Reuters – The European Union is ready to export almost all of Ukraine’s farm produce via “solidarity lanes” and help cover costs after Russia withdrew from a U.N.-backed Black Sea grain deal,  EU agriculture commissioner Janusz Wojciechowski said on Tuesday. Solidarity lanes are rail and road transport connections through EU member states that
Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)
Crops, Markets

U.S. grains: wheat soars daily limit as Russia attacks Ukrainian grain ports

E.U. further reduces crop forecast, USDA ratings for soybean and spring wheat declines

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Chicago | Reuters – U.S. wheat futures surged 8.6% on Monday, rising their daily maximum at the Chicago Board of Trade (CBOT) after Russia attacked Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses. The attacks targeted a vital export route for Kyiv in an expanding air campaign that Moscow began
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Crops, Markets

U.S. Grains: wheat futures drop, corn weak, soybeans mixed

Market going "from forecast to forecast" says expert

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Chicago | Reuters – U.S. wheat futures dropped 4.1 per cent on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers. Corn futures also were weaker, pressured by forecasts that showed more rain and cooler temperatures in
File photo of a Chinese cornfield. (Baona/iStock/Getty Images)

Rain in China’s northeast brings relief for corn, drought risk remains

An oversupply of hogs, weak demand are pressuring pork prices

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Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 per cent of its crop
Futures markets, Grain Markets, Markets

Weather concerns drive market rallies

Generous U.S. crop estimates aren’t likely to last

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ICE Futures canola contracts climbed higher during the second week of July, with the most-active November contract gaining roughly $200 per tonne in less than two months to hit its strongest level since January. The ongoing uptrend in canola saw futures break through their 200-day moving average during the week, with speculators covering short positions
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower

Wheat futures had risen in four of the previous five sessions

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Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five

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