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Wheat

CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn hits eight-month low

Soybeans, wheat at one-month low

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Chicago | Reuters — Chicago Board of Trade corn futures slumped on Monday to an eight-month low after the government announced that China canceled some purchases of U.S. supplies of the grain. The cancellations, which also weighed on wheat and soybean futures that hit one-month lows on Monday, highlighted concerns about weak demand for U.S.
A relatively mild winter could mean good survival for winter cereals headed into spring.
Crops, News

Winter cereals ready to check

A mild winter and adequate snow cover likely means they’re OK, but you’ll need to find out for sure

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With the melt in full swing, it’s time to check whether winter cereals are still viable. Lionel Kaskiw, a crop production extension specialist with Manitoba Agriculture, says one of the main concerns regarding survival is the temperature at crown depth. It’s critical for winter wheat, says Kaskiw. “Soil temperatures need to be -20 C or
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Red wheats up slightly on week

Prairie durum values down on week

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MarketsFarm — Despite adverse weather conditions in both Canada and the U.S., as well as poor growing conditions south of the border, western Canadian wheat bids saw slight increases for the week ended Thursday. A spring snowstorm descended on eastern Saskatchewan, western Manitoba and North Dakota on Wednesday and Thursday, with some parts seeing up
CBOT July 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Cheap Brazilian soybeans destined for U.S.

U.S. weather, Ukrainian exports also in focus

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Mexico City | Reuters — U.S. soybean futures closed the week down on Friday, extending losses as cheap Brazilian beans were being snatched up by the U.S., the second-largest soy producing country in the world. A drop in prices due to abundant local supplies and cooling demand have made Brazil an attractive origin for soybeans,
Star Wars and grain markets
Markets, News

Star Wars and grain markets

Expert’s Radar: Divergence from established patterns isn’t common, but it happens

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“This is the way.” If you’ve watched The Mandalorian, you’ve heard the phrase many times. I can’t speak to all the Star Wars lore, but it’s an enjoyable program perhaps best described as cowboys in outer space. The central Mandalorians of the show follow their own strict honour-bound creed, centred on the armour they wear
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Quiet times appear to be ahead

Significant weather event would maybe move prices

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MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots
CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago grains down on export data, weather

EU transit plan, Black Sea inspections temper Ukraine fears

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Reuters — Chicago grains closed lower Thursday on lower-than-expected U.S. soybean export sales data, and favourable weather that would allow for planting to accelerate in the Midwest farm belt. Grains prices were also impacted by crude oil falling. The U.S. Department of Agriculture said soybean weekly export sales totalled 103,000 tonnes, below forecasts. “Export sales
Moscow has made multiple demands for an extension of the Black Sea grain deal.
News, Other

West still has time to solve grain deal issues: Russian diplomat

Russia wants agricultural bank reconnected and machinery and parts restrictions lifted

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The West still has time to remove “obstacles” hindering the implementation of the Black Sea grain deal before a deadline on May 18, senior Russian diplomat Mikhail Ulyanov said April 14. The Black Sea grain export deal was renewed for 60 days last month, but Russia has signalled it may not agree to extend it
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line, left column) and K.C. May 2023 hard red winter wheat (orange line, left column). (Barchart)
Crops, Markets

U.S. grains: Chicago futures dip as Ukraine inspections resume

Planting windows seen in U.S. despite rain forecasts

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Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces

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