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

U.S. grains: Wheat futures retreat after rally

Corn also weak, soy up off recent losses

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Chicago | Reuters — U.S. wheat futures fell on Thursday, settling back from a sharp rally a day earlier as investors weighed Russian criticism of a Ukrainian grain export deal against prospects of a slowing global economy, traders said. Corn futures also were weaker despite growing concerns about a disappointing U.S. harvest after dry weather
A cooking oil production line at Lianyungang in China’s Jiangsu province on Jan. 9, 2019. Concerns over COVID-19 have again raised uncertainty about vegetable oil demand.
Grain Markets, Markets

Canola falls back

Flagging fortunes for crude and vegetable oils alike have added pressure

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Canola continued to fall back during the week ended Sept. 1, pulled lower by a number of factors. Over the course of the week, the nearby November contract lost $21.70 per tonne, to close at $812/tonne on Sept. 1. The January 2023 contract was down pretty much the same amount, losing $21.30 at $821/tonne. In
FCL’s Co-op Fertilizer Terminal at Brandon. (Photo courtesy Federated Co-operatives Ltd.)
Crops

Canada can cut fertilizer emissions 14 per cent by 2030, industry groups say

Report touts use of 4R practices

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Winnipeg | Reuters — Canadian farmers can reduce greenhouse gas emissions from applying nitrogen fertilizer by 14 per cent by 2030 through adoption of more sustainable farm practices and new technology, without any overall reduction in fertilizer use, agriculture industry groups said on Wednesday. Such reductions of nitrous oxide from 2020 levels would fall well
(Dave Bedard photo)
Crops, Markets, Weather

Ending stocks tumble due to drought: StatCan

Canola stocks are below 'pipeline levels'

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MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets

U.N., Moscow discuss Russian grain, fertilizer exports

Grain not getting to poorer countries, Putin alleges

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United Nations | Reuters — Senior U.N. and Russian officials met in Geneva on Wednesday to discuss Russian complaints that Western sanctions were impeding its grain and fertilizer exports despite a U.N.-brokered deal to boost Russian and Ukrainian shipments of the commodities. The United Nations, Turkey, Ukraine and Russia agreed on July 22 on what
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola trending lower

November down below $800

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MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to
File photo of wheat south of Ethelton, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Crops, Weather

Prairies’ high-pressure ridge should give way by mid-month

Brisk harvest pace expected meanwhile

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MarketsFarm — While there’s not one specific cause of the hot September the Canadian Prairies has generally been having so far, Weatherlogics chief scientist Scott Kehler notes one particular shorter-term factor. “There is a fairly strong upper-level ridge of high pressure across the Prairies right now,” he explained, adding it should dissipate by mid-month. The
Harvest progress behind five-year average, crop conditions good
Crop Report, Crops, News

Harvest progress behind five-year average, crop conditions good

Manitoba Crop Report: Issue 18, September 6, 2022

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Overview Harvest progress sits at 15 per cent completed across the province, well behind the 5-year average of 51 per cent completed by this time. The effect of delayed seeding, high humidity and frequent rains have had an impact delaying harvest. Ideal harvesting conditions allowed for significant progress this past week. Crop condition looks good
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybean futures fall 1.5 per cent

CBOT corn, wheat firm

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Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday as Argentina’s decision to offer farmers a better exchange rate for their crops threatened to raise export competition at a time when U.S. offerings typically dominate the market. “It just makes more product readily available short-term,” said Mark Schultz, chief analyst at

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