Chicago Board of Trade wheat futures Wv1 soared on Friday to their highest price since October, and analysts said support from blistering cold weather in the Black Sea and U.S. Plains regions prompted short covering.
Oilseeds
U.S. grains: Chicago wheat hits four-month high as cold threatens Russia, US crops
China to develop gene-editing tools, new crop varieties in biotech initiative
China issued guidelines on Friday to promote biotech cultivation, focusing on gene-editing tools and developing new wheat, corn, and soybean varieties, as part of efforts to ensure food security and boost agriculture technology.
Western Australia’s wheat harvest exceeds forecast by 1.6 million tons, GIWA says
The 2024 grain growing season ended with the third-largest tonnage on record
The Grain Industry Association of Western Australia (GIWA) said on Friday that the state's recent harvest yielded approximately 1.6 million metric tons more wheat than its December forecast.
U.S. grains: Corn edges up on strong export sales, weather woes
Chicago corn futures ticked up in rangebound trade on Thursday as stout export sales, weather concerns in Argentina and strong demand added support, analysts said.
Canadian government sees agriculture win in free trade agreement with Ecuador
Access for key agriculture exports gained, but not at the cost of supply management
Canada's new free trade deal with Ecuador will provide preferential treatment for Canada's key agriculture exports, such as grains and oilseeds, cereals, meat, pulse crops, processed foods and "sugar-containing" products but won't allow additional access to Canada for for supply-managed products such as dairy, poultry and eggs.
U.S. grains: Soybean futures fall on weak Chinese demand, mounting supplies
Chicago soy futures eased on Wednesday, pushed lower by Tuesday's U.S. Department of Agriculture report that forecast higher-than-expected U.S. soybean stocks, and continued concerns over weak Chinese demand for U.S. soy, analysts said.
ICE Canada Weekly: Canola set to climb higher
Supplies getting tighter
Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.
Drought leaves Canadian farmers unpaid
Failure of unlicensed companies, complaint deadline, insufficient security seen as holes in farm support
Hundreds of Canadian farmers have received delayed payments for their crops or not been paid at all, as a growing number of grain-buying firms declare bankruptcy amid drought and low commodity prices, according to interviews with dozens of farmers, a government agency, and a review of bankruptcy documents.
U.S. grains: Corn, soy fall after USDA pegs US supply above forecasts
Chicago corn and soy futures drifted down on Tuesday after the U.S. Department of Agriculture projected U.S. end-of-season supplies above market expectations in a monthly supply-and-demand report, analysts said.
Early flooding has little effect on soybean oil, protein composition U.S. study suggests
While flooding substantially decreases soybean yields, it needn't impact seed composition, including protein and oil contents, a recent University of Arkansas study found.