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CBOT May 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn futures hit six-week low on projected plantings

Corn, soy, wheat prices to drop from 2022, USDA predicts

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Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at 91 million acres, up from
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

U.S. grains: Wheat nears one-month low on Black Sea competition

Chicago soybeans, corn also lower

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Chicago | Reuters — U.S. wheat futures fell to their lowest in nearly a month on Wednesday as an Egyptian purchase tender highlighted export competition from the Black Sea region, tempering worries about war disruption to Ukrainian supplies, analysts said. Soybean futures fell on profit-taking and expectations of increasing soy export competition from Brazil, where
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Rising canola market runs into resistance

Resistance seen around $835, support around $820

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, according to Jamie Wilton of
CBOT March 2023 soybeans with 20-day moving average (right column) and CBOT March 2023 soyoil (dark green line, left column). (Barchart)
Crops, Markets

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Firmer U.S. dollar drags on CBOT wheat

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Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president of Iowa-based U.S. Commodities. “The
(Viterra.ca)
Crops, Markets

Grain deliveries surge January over January

Data marks recovery from 2021 drought

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MarketsFarm — Producer deliveries of major grains were up sharply last month when compared to January 2022, according to Statistics Canada (StatCan). At more than 5.36 million tonnes, those deliveries jumped 85 per cent when comparing January to January. The spike in deliveries reinforced the significant recovery on the Prairies from the drought in 2021.
A handful of soil health projects have secured funding for the next five years in the hope of kick starting soil health practices in the field. (Assiniboine Community College photo)
Crops, Weather

Multi-million-dollar fund greenlights soil health projects

Eight projects to push soil health practices will get funding for the next five years

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Eight soil health projects across Canada will be getting a multi-million-dollar boost in private funding over the next five years. The Weston Family Foundation — the philanthropic arm of the Weston business empire — has slated $10 million for those eight projects through the organization’s soil health initiative, it was announced Feb. 13. The initiative
File photo of a CN locomotive. (Dave Bedard photo)
Crops

CN’s mechanics, clerical staff taking strike votes

Railway not expecting impact on operations

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Canadian National Railway says it’s not expecting any impact on its operations if its unionized mechanics and clerical staff are involved in a work stoppage, depending on the outcome of strike votes starting this week. Unifor represents about 3,000 CN workers in mechanical, intermodal and clerical positions across the country through five collective agreements, all
(Dave Bedard photo)
Crops, Markets

AAFC revises crop estimates

Export, new-crop production outlooks revised lower for flax

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MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soy, corn, wheat inch higher ahead of holiday weekend

Chicago markets close Monday for Presidents Day

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Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures closed modestly higher on Friday as traders squared positions ahead of a three-day U.S. weekend and weighed contrasting crop prospects in South America, analysts said. Uncertainty about the future of a Black Sea grain export corridor underpinned values, while a firming dollar
CBOT March 2023 soybeans (candlesticks) with 20-day moving average and November 2023 soybeans (dark green o/h/l/c). (Barchart)
Crops, Markets

U.S. grains: Soybeans end higher in choppy trade

CBOT corn mixed, wheat down; MGEX, K.C. wheats up

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Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on

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