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CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy firm on Argentina weather, China demand hopes

Wheat market awaits U.S. winterkill assessment

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Chicago | Reuters — Chicago soybean futures rose for a third consecutive session on Wednesday as traders watched weather forecasts in Argentina for signs of much-needed rainfall, while China’s dismantling of COVID-19 restrictions raised hopes for improved demand. Corn also found support from uncertain weather in South America, while wheat lifted as trade kept monitoring
(ThamKC/iStock/Getty Images)
News

U.S. biofuels proposal would lift near-term greenhouse gas emissions

EPA says reductions would only come in the long term

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The U.S. Environmental Protection Agency’s proposal to increase biofuel blending mandates through 2025 would lead to a near-term increase in greenhouse gas emissions, before yielding reductions in the longer term, according to agency documents. The Renewable Fuel Standard requires the nation’s oil refiners to add billions of gallons of biofuels like corn-based ethanol into the fuel pool each
Federal Agriculture Minister Marie-Claude Bibeau speaks to media in Winnipeg on Feb. 13, 2020. (Dave Bedard photo)
News

Leaders ‘encouraged’ by collaborative approach to sustainability strategy

Most interests are represented around the table, but one group fears the strategy will saddle farmers with costs, rules

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Ag leaders say they’re pleased to see the federal government strike a collaborative tone as it begins consultations over its Sustainable Agriculture Strategy, but not all are so optimistic. Federal agriculture minister Marie-Claude Bibeau has signaled she’s not approaching the process with “preconceived notions,” said Stuart Oke, chair of the National Farmers Union’s climate committee.
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans end higher

Traders weigh Argentine dryness, U.S. exports; winter wheat underpinned by fears of winterkill damage; corn up on export news

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Chicago | Reuters — Chicago soybean futures ended slightly higher on Tuesday after jumping to six-month highs earlier in the day, supported by continued dryness in major soymeal exporter Argentina. Corn lifted after U.S. exporters reported a daily sale of 177,500 tonnes of corn for delivery to Japan, the U.S. Department of Agriculture said. Wheat
CBOT March 2023 soft red winter wheat (candlesticks) 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: Freezing temperatures threaten winter wheat, lift prices

Forecasts of weekend rains in Argentina keep lid on soy, corn

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Chicago | Reuters — Chicago wheat futures climbed on Friday, gaining for a second consecutive week as frigid temperatures threaten winter wheat crops across the U.S. Plains and into the Midwest. Fresh export activity in soybeans and corn added support, though gains were limited by much-needed rainfall in Argentina that will boost the rival export
Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
News

Food inflation: Tight grain, oilseed supplies to keep prices elevated

Demand will remain high and production will face challenges in the coming year

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Reuters – Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening supplies even as high prices encourage farmers to boost planting. Production of staples such as rice and wheat is unlikely to replenish depleted inventories, at least in the first
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans ease on South American rainfall

Forecasts of freezing weather in U.S. Midwest support wheat; corn near even

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Chicago | Reuters — Chicago soybean futures dropped on Thursday, pressured by South American forecasts for more rain which could relieve parched soy crops in Argentina. Corn and wheat weakened, holding on to some of the previous day’s gains as extreme winter weather threatens winter wheat crops in the U.S. Plains and Midwest. The Chicago
(File photo by Dave Bedard)
Crops

Railways over revenue cap in drought year, CTA finds

CN, CP now owe $5.7 million in overages, penalties

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Despite a dramatically lower Prairie grain handle in the last crop year, the Western Grains Research Foundation can expect a $5.7 million gift card from Canada’s big two railways by the end of next month. The Canadian Transportation Agency, which sets the maximum revenue entitlements (MREs) each crop year for Prairie grain handled by Canadian
Limp wheat plants, a result of the climate phenomenon La Nina, at a farm in Navarro, in Buenos Aires province, Argentina December 5, 2022.
Grain Markets, Markets

Canola trade keeps eye on South America’s weather

Canola continues to fluctuate within its $800-$900 trench

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Choppy trade with no real clear direction became the major storyline in the ICE Futures canola market heading into the end of 2022, as investors squared positions and looked to book profits. That’s normal for this time of year as participants head to the sidelines ahead of the holidays, but there are several factors to

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