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Rain stalls harvest progress, canola harvest struggles to accelerate
Crop Report, Crops, News

Rain stalls harvest progress, canola harvest struggles to accelerate

Manitoba Crop Report: Issue 20, September 20, 2022

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Overview Harvest progress sits at 40 per cent completed across the province, approximately 3 weeks behind the 5-year average of 71 per cent complete by week 38. Steady rainfall across the province late last week stalled harvest progress. Farmers are anxiously awaiting drier weather to return to straight-cutting cereal and canola crops, and for breezy
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

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Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most
Markets, News

Big crops loom even as Brazil growers face high input bills

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Reuters – Brazilian farmers will spend more to nourish crops like soybeans and corn this season, according to agribusiness consultancy StoneX. It reflects a rise in prices exacerbated by the conflict in Ukraine. A soybean farmer in the south of the country spent on average US$251.65 per hectare to buy nutrients in the last season.
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybean futures slump on global demand concerns

Traders eye favourable U.S. harvest weather

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Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures fall from two-month highs amid broad sell-off

USDA resumes weekly export sales data

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Chicago | Reuters — U.S. grain and soybean futures closed lower on Thursday, with profit-taking dragging wheat down from two-month highs, traders said. Broad-based selling added pressure on prices as traders reduced their risk amid growing warnings of a global economic slowdown, analysts said. “Inflation and recession concerns hit all markets today,” CHS Hedging said.
Relatively favourable weather has led to harvest progress and, very likely, increased farmer selling on grain and oilseed markets.
Grain Markets, Markets

Canola slips below psychological supports

Demand from end users may be less aggressive these days

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ICE Futures canola contracts moved lower during the first week of September, falling below psychological chart support as harvest operations progressed across the Prairies amid relatively favourable weather. While there were many areas of concern during the growing season and the bulk of the canola harvest is still far from the bin, it’s fairly safe to say that
(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly outlook: USDA report affecting corn, soybean prices

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) monthly world agricultural supply/demand estimates (WASDE), released Monday, have since played a major role on the Chicago Board of Trade (CBOT), one trader says. Terry Reilly, grains analyst for Futures International in Chicago, said while corn ending stocks (1.219 billion bushels) and average yield (172.5 bushels per
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, corn down on technical setback

Chicago December wheat rises

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Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder
Past week sees rapid harvest progress
Crop Report, Crops, News

Past week sees rapid harvest progress

Manitoba Crop Report: Issue 19, September 13, 2022

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Overview Harvest progress sits at 32 per cent completed across the province, with rapid progress over the past seven days. This puts harvest completion approximately 10 harvesting days behind the 5-year average of 65 per cent completed by this time.  Cereals Winter cereal grains  Fall rye harvest is complete. Reported yields were between 45 to

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