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The president of Quorum Corporation is concerned about a bottleneck of grain-shipping vessels on the West Coast.
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Grain is moving, but problems persist

Systemic issues surrounding grain shipments have yet to be addressed

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Grain shipments are moving better than they were this time last year, but that’s not saying much. “Last year was awful,” Western Grain Elevator Association (WGEA) executive director Wade Sobkowich said. “We had some major deficiencies in rail service between January and March of 2022.” Indeed, things were so bad in the winter of 2022
CBOT March 2023 soft red winter wheat with Bollinger bands (20,2), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat strong on concerns about Ukraine, Russian exports

Chicago corn, soy futures rise

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Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat
German plans to end crop-based biofuels would hit farmers
Markets, News

German plans to end crop-based biofuels would hit farmers

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Any German government plans to stop crop-based biofuel production would severely hit farmers and cut rapeseed output, Thomas Mielke, CEO of Hamburg-based oilseeds analysts Oil World said Feb. 1. Smaller crushings of oilseeds in Germany would lead to a widening of the domestic protein deficit for animal feed and require increased imports of soybeans and
CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

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Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina
Markets, News

Argentina’s grain export revenue plunges in January

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Argentina’s revenue from exports of grain, oilseeds and their derivatives plummeted 61 per cent in January from a year ago, exporters and crushers chamber CIARA-CEC said Feb. 1, in a setback as the country tries to refill foreign currency reserves. Exports totaled US$928.37 million in the first month of the year, also falling 75 per
Brazil’s soybean crop this year is expected to more than offset any drought-reduced yields in neighbouring Argentina.
Grain Markets, Markets

No breakout for rangebound canola for now

New StatCan and USDA data aren’t expected to offer much impetus

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There is likely nothing substantial over the next few months that could break canola and other vegetable oils out of their rangebound state. Canola, for instance, continued to vacillate between $800 and $850 per tonne during the week ended Feb. 2. In recent weeks the Canadian oilseed has pushed towards $900/tonne, its upper level of
ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

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MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago wheat, corn, soy firm on WASDE report

South America's weather drags on competing exports

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Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2
(Dave Bedard photo)
Crops, Markets

Grain stocks come in as projected

StatCan report deemed neutral for canola and spring wheat, supportive for durum

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MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are important because they confirm the
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans fall ahead of USDA report

U.S. wheat futures end mixed

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Chicago | Reuters — Chicago Board of Trade soybean and corn futures fell on Tuesday as investors squared positions ahead of the U.S. government’s key monthly reports on global supply and demand. Traders were focused on the size of the corn and soybean harvests in Argentina as drought stressed the crops in that key global

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