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Wheat

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
File photo of a wheat harvest in Kazakhstan. (Yerbolat Shadrakhov/iStock/Getty Images)
Crops, Markets

Less wheat expected in Kazakhstan in 2023-24, despite same acres

Soil moisture loss expected in wheat-growing regions

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MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the
The difference between a dry year and one with timely moisture is dramatic in the brown soil zone. Joseph McKee’s 2020 crop (shown in late July) yielded 65 bushels an acre while the dry conditions last year (photo taken in early July) produced a 20-bushel-an-acre crop on his Lethbridge-area farm.
Crops, Oilseeds

Palliser Triangle: It’s hot and dry — and the next frontier for canola

With crush capacity soaring, canola council looks to the brown soil zone and new heat-tolerant varieties

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Glacier FarmMedia – The canola industry has its eyes on the Prairies’ most inhospitable regions and knows potential growers will need support. The Canola Council of Canada is setting up research it hopes will drive sustainable canola growth in the brown soil zones of the Palliser Triangle, one of the hottest, driest regions of the Prairies. With canola
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago grains flat or higher on Ukraine concerns

Rains expected to cause U.S. planting delays

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Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules.
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans up on major U.S. crush

USDA says winter wheat at 27 per cent good or excellent condition

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Mexico City | Reuters — Soybean futures gained following strong U.S. crushing data on Monday, while wheat and corn also closed higher after several eastern European countries banned grain and other food imports from Ukraine, casting further doubt on Ukrainian exports. Members of the National Oilseed Processors Association (NOPA) said the U.S. soybean crush jumped
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Stronger loonie sends bids down

U.S. wheat futures also down on week

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MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks.
CBOT May 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn continues climb, closes higher for fourth week

Traders watching cooler weather in U.S. southern Plains

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Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The
Ukrainian farmers are surviving the invasion, now it’s time to rebuild for the 2023 growing season.
Farmit Manitoba, News

From Ukraine: Farmer struggles after Russians driven back

Yuriy Zayikin lived under Russian fire for close to a year, now plans to rebuild

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Yuriy Zayikin has had a front row seat to the war in Ukraine. And at times he’s been forced onto the stage. He farms in the southern Kherson region. At one point 95 per cent of the area was occupied by invading Russian forces. Just five per cent remained under control of Ukraine, which is where Zayikin was ‘lucky’ enough
As always, the weather remains a key market moving factor to watch.
Markets, News

The 30,000-foot view

A flight home from holiday provided time to ponder markets

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After being repeatedly thwarted by the pandemic, I finally made it to Mexico for a family vacation recently. Hot temperatures, cool drinks, and not a thought of the commodity markets — until the flight home. Crop report There’s not much to the crop report from above 30,000 feet. Most of the southern United States looked

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