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CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets

U.S. grains: Corn firms for sixth session in a row

Soybeans weak, wheat strong

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Chicago | Reuters — U.S. corn futures steadied after hitting their highest in nearly two months on Wednesday, underpinned by concerns that hot and dry weather in the Midwest during key crop development periods limited how big the fall harvest will be, traders said. Wheat futures were strong, notching their fourth straight day of gains,
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)
Crops, Markets

ICE weekly outlook: Time gap too large in StatCan report

Canola's potential yields shrank in meantime

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MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out
“Growers may have reasons to cut early based on frost risk and logistics, but where possible, we’d like to see the target shift to later cutting.” – Shawn Senko.
Crops, Oilseeds

Cut canola later for higher yield

Canola Council launches campaign to persuade farmers of the benefits of patience

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The Canola Council of Canada is encouraging farmers to hold off on harvesting canola to improve yield. Research in the early 2000s showed that canola swathed at 60-70 per cent seed colour change (SCC) yielded 11 per cent more than fields swathed at 30-40 per cent. That research was reinforced in 2013, when the Indian
(Omersukrugoksu/iStock/Getty Images)
Crops, Markets

Ukraine restores Moldova rail link

Rail line could carry 10 million tonnes of freight per year

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Reuters — Ukraine has restored a rail link to neighbouring Moldova after a 23-year hiatus and the connection could carry 10 million tonnes of freight a year, President Volodymyr Zelenskiy said in a video address on Monday. Although he did not specify what kinds of goods, Ukraine is keen to find new ways to export
CBOT December 2022 wheat (candlesticks) with 20-day moving average (dark 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 up off six-month low on technical buying

CBOT corn rises, while soybeans stay under pressure

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Chicago | Reuters — Chicago Board of Trade wheat futures bounced on technical buying on Friday after nearing a six-month low struck a day earlier, though the market remained capped by sluggish U.S. exports and increased Black Sea shipments, analysts said. Corn futures also strengthened, while soybeans edged lower as forecasts for rain in the
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 down on weak U.S. demand, Ukraine grain shipments

Economic uncertainty also curbs grain markets

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Chicago | Reuters — Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger dollar and continued exports from Ukraine, analysts said. Soybeans firmed after better-than-expected export sales last week indicated strong demand as U.S. harvest nears, while corn traded near even. Economic uncertainty also hung over grain
File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets

U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative

Deal sees 21 outbound ships so far

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Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports. Guterres said after talks in the western Ukrainian city of Lviv that 21

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