File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)

Baltic Dry Index at three-month lows

Demand for ocean freight seen backing off

MarketsFarm — Ocean freight rates have come under pressure over the past month as demand for freight backs away, which could be seen as a sign of the slowing global economy. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 2,081 points on Monday, up 14 points from Friday’s

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soy, corn firm on weather worries

CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report

Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less



CBOT September 2022 wheat (candlesticks) with 50- and 100-day moving averages (black and dark green lines), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat rebounds four per cent as recession jitters abate

Corn, soybeans up two per cent after also hitting multi-month lows

Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Thursday, recovering from a 4-1/2-month low a day earlier, as recession fears in financial markets eased. Soybean futures climbed three per cent and corn rose two per cent in their own moves away from multi-month lows touched in the previous


Huge canola prices likely finished

Huge canola prices likely finished

Attention is now turning to new crop prospects, which are brighter

Barring a major catastrophe in the global oilseed market, the days of canola soaring to $1,200 per tonne are destined for the history books. With trading in the old crop July contract withering, it careened downward by almost $320 after hitting its high of $1,219 per tonne. New crop November canola plummeted nearly $236/tonne, sitting

(PortofThunderBay.com)

Thunder Bay grain exports picking up

MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain



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

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

Chicago wheat settles lower

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)

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

U.S. crop ratings lower than trade expected

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)

StatCan raises Canada’s canola plantings from earlier estimate

Farmers seen returning to 'steady Eddie' wheat

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