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CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn, soy futures up off multi-month lows

Chicago wheat settles lower

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures rebounded on Wednesday after tumbling to multi-month lows as fears about a global recession fueled liquidation in commodity markets, analysts said. Bargain buying helped support prices following recent sell-offs by funds that were seen as overdone, analysts said. Traders remain uncertain about the
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Futures fall on recession fears, Midwest rains

U.S. crop ratings lower than trade expected

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Chicago | Reuters — U.S. corn, soybean and wheat futures fell to multi-month lows on Tuesday, joining a broad sell-off in crude oil and equity markets tied to fears of a global economic recession and waning demand for commodities, analysts said. Beneficial rains in portions of the U.S. Midwest over the Independence Day weekend bolstered
(Dave Bedard photo)
Crops, Markets, Weather

StatCan raises Canada’s canola plantings from earlier estimate

Farmers seen returning to 'steady Eddie' wheat

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MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a
A Mexican port-of-entry sign on Highway 92 near Naco, Arizona. (Rex_Wholster/iStock/Getty Images)
Markets

CUSMA leaders to discuss agreement during Mexico visit

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Mexico City | Reuters — U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will discuss terms of the Canada-U.S.-Mexico (CUSMA) agreement, which was ratified in 2018, during a visit to Mexico, Mexican President Andres Manuel Lopez Obrador said Monday. “We’ll have a summit to discuss terms of the trade agreement treaty… in Mexico,”
Signage outside an IBEW office in Winnipeg. (File photo by Dave Bedard)
Crops

CN signals staff to return to work Wednesday

IBEW, railway to go to binding arbitration

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Signals and communications workers at Canadian National Railway (CN) are set to end their 17-day strike and return to work Wednesday morning. CN, in a statement Monday, said the International Brotherhood of Electrical Workers (IBEW) System Council 11, which represents about 750 of the company’s employees across the country, had agreed to take its labour
News

Ukraine poultry giant MHP warns on export challenges

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Ukrainian chicken and grains processor MHP, the country’s top food producer, warned on June 17 that it could not give an outlook for the year due to the war with Russia and challenges exporting goods. The company, which usually produces tens of thousands of tonnes of meat, wheat and vegetable oil every month, said poultry
Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea. Photo: IanChrisGraham/iStock/Getty Images

Poland says EU goal for Ukraine grain movement not feasible by July

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Warsaw | Reuters – The European Union’s goal to move 20 million tons of grain out of Ukraine by the end of July is not feasible amid little progress in implementing EU and U.S. initiatives to ease logistics problems, the Polish agriculture minister said on Tuesday. Speaking to Reuters in an interview, Henryk Kowalczyk accused

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