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CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat joins broad commodities weakness

CBOT corn, soybeans also lower

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Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S.
A composite satellite view of Hurricane Fiona nearing Nova Scotia at about 6 p.m. local time on Sept. 23, 2022. (U.S. National Hurricane Center image, NOAA.gov)
Weather

Fiona pounds Bermuda as Canada braces for major jolt

Up to eight inches of rain expected along path

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Hamilton, Bermuda/Halifax, N.S. | Reuters — Hurricane Fiona pounded the Atlantic island of Bermuda with heavy rain and winds on Friday as it tracked northward toward Eastern Canada, where it threatens to become one of the most severe storms in Canadian history. Fiona had already battered a series of Caribbean islands earlier in the week,
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

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MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to
A man stands inside his destroyed house in the rural zone of Cuey, in the aftermath of Hurricane Fiona, in El Seibo in the Dominican Republic on Sept. 20, 2022. (Photo: Reuters/Ricardo Rojas)
Weather

Atlantic Canada on Hurricane Fiona’s path, broad impact expected

Parts of Nova Scotia more vulnerable to flooding

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Reuters — Hurricane Fiona is headed toward Eastern Canada and is expected to reach its Atlantic region by Friday in what could be a severe weather event as the storm continues to gain strength, Canadian meteorologists said Wednesday. Fiona powered up to a Category 4 storm on Wednesday, packing winds as high as 215 km/h,
Internally displaced Ethiopians queue to receive food aid in the Higlo camp for people displaced by drought, at the town of Gode in Ethiopia’s Somali region on April 26, 2022. (Photo: Reuters/Tiksa Negeri)
Crops, Weather

Nearly a million people face starvation in hunger hotspots, U.N. agencies report

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London | Reuters — Nearly one million people in Afghanistan, Ethiopia, South Sudan, Somalia and Yemen are starving or will face starvation this year in the absence of aid, as the global food crisis worsens, United Nations agencies warned on Wednesday. Local conflict and weather extremes remain the primary drivers of acute hunger, aggravated this
(Sollio Agriculture photo)
Crops

Sollio to exit southwestern Ontario grain handling

Country elevator assets to be sold after harvest, co-op to focus on ag retail

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One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat up on new concerns for Black Sea supplies

Corn, soybeans up on slow harvest

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Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel,
Rain stalls harvest progress, canola harvest struggles to accelerate
Crop Report, Crops, News

Rain stalls harvest progress, canola harvest struggles to accelerate

Manitoba Crop Report: Issue 20, September 20, 2022

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Overview Harvest progress sits at 40 per cent completed across the province, approximately 3 weeks behind the 5-year average of 71 per cent complete by week 38. Steady rainfall across the province late last week stalled harvest progress. Farmers are anxiously awaiting drier weather to return to straight-cutting cereal and canola crops, and for breezy

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