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Transport strains pile on drought-induced feed shortages

Importing U.S. corn not cheap

Winnipeg | Reuters — Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures and has now forced feedlots in Alberta, the main cattle-producing province, to buy more



CBOT March 2022 wheat (candlesticks) with 20- and 50-day moving averages (yellow and orange lines) and Euronext March 2022 milling wheat (blue line, left column). (Barchart)

U.S. grains: Wheat futures rise on fears over Russia-Ukraine conflict

CBOT corn reaches seven-month high; South America rains weigh on soy futures

Chicago | Reuters — U.S. wheat futures advanced on Monday amid fears that Russia may invade Ukraine and disrupt grain shipments from the region, a major global supplier, traders said. Corn futures also strengthened and set a seven-month high, while soybean futures weakened. Grain traders kept their attention on Russia because it is the world’s

CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn futures hit highest since June

Soy, wheat fall on profit taking

Chicago | Reuters — Chicago Board of Trade corn futures rose to their highest in seven months on Friday as concerns about production in South America spurred demand for U.S. supplies, traders said. Soybean futures eased from the seven-month top they hit on Thursday, succumbing to a round of profit taking. Soybeans closed well above


CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans rally, corn flat, wheat falls

Strong cash soybean market supportive

Chicago | Reuters — Chicago Board of Trade soybean futures surged on Thursday as a combination of rising export hopes, concerns about the South American crop and technical buying pushed prices to a seven-month high, traders said. Corn futures ended close to unchanged after fluctuating between positive and negative territory throughout the session, while wheat



A cornfield near Victoria, about 300 km northwest of Buenos Aires, on Jan. 13. Agencies have cut back their forecasts for Argentina’s corn and soybean crops due to recent heat and drought.

Not the best week for canola

Oilseed traders’ eyes are now on South America’s forecasts

Old-crop canola ran into a tough week on ICE Futures with the nearby March contract retreating by more than $50 per tonne. Also, the May 2022 contract gave up over $40 per tonne while new-crop November remained relatively firm. Part of this pullback was that old-crop canola simply became too expensive when compared to other



Russian service members take part in tactical exercises of an assault engineering unit at a training ground in Kamensk-Shakhtinsky in southwestern Russia’s Rostov region on Jan. 17, 2022. (Photo: Reuters/Sergey Pivovarov)

CBOT weekly outlook: Prices up on hot weather, growing tensions

MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed