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Wheat

Recent price drops hide wheat’s weather situation
Grain Markets, Markets

Recent price drops hide wheat’s weather situation

Southern U.S. winter wheat-growing areas remain in drought

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As the calendar turned over to April, the focus for traders on the Chicago Board of Trade turned toward weather. There can be a tendency to either react based on recent weather events, ignore potential long-term weather trends, or both. In the case of wheat, the recent weakness shown in all three major U.S. varieties
An aerial file photo of flooding in the Red River Valley near Rosenort, Man. in May 2022. (Manitoba Co-operator photo by Allan Dawson)
Crops, Markets, Weather

CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds

Heavy snowpack remains in parts of northern Plains

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MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged
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 up after jumpy day of Black Sea concerns

Markets await U.S. export sales data on Thursday

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Mexico City | Reuters — Chicago grains futures closed higher Wednesday, after a mixed day underpinned by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports. Soybean and corn futures settled up, regaining some ground lost earlier in the session amid a bumper soy harvest in Brazil and an
(OceanFishing/iStock/Getty Images)
Crops, Markets

USDA stands pat on U.S. soybean, corn ending stocks

Soy, corn crop projections cut for Argentina

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MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soy stronger on predictions for Argentina crop

Black Sea supply a risk as Russia challenges corridor deal

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Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South
Whether El Nino arrives by mid-year or later could have varying impacts for global crops.
Comment, Op/Ed

Comment: Weather awaits next trend

La Nina has departed, but timing of El Nino’s potential arrival remains unclear

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Reuters – La Nina has officially fizzled after a near three-year stand, setting the stage for El Nino’s possible entrance later this year. The timing of that is not yet settled, but whether El Nino arrives by mid-year or later could have varying impacts for global crops. In mid-March, sea surface temperatures across the equatorial
Markets, News

EU expects oilseed output to hit record high in 2023-24

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The European Commission expects 2023-24 oilseed crops to increase by seven per cent from the previous year to a record 33.6 million tonnes, mainly because of a larger area sown, it said March 30. In its short-term outlook, the EU executive said that attractive prices during the sowing period and mild conditions during winter had
(File photo by Dave Bedard)
Crops, Markets

Canola fund short position shrinking

Managed money is net long on corn, soy

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MarketsFarm — Managed money fund traders continued to cover their large short positions in canola in early April, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of April 4, the net managed money short position in canola futures came in at 49,470 contracts (70,671 short; 21,201
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: Wheat closes higher on dry weather, Russian threats

Markets await monthly supply and demand report from USDA

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Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook in the United States, analysts
Fusarium Head blight in wheat.
News

Fusarium fight goes high-resolution

Fungal infection will now be monitored by new Prairie-wide model

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A new, made-in-Manitoba tool to assess the risk of fusarium head blight will be available to farmers across the Prairies this spring. After five years in development, the University of Manitoba agriculture department will make the tool available for use after an April 12 launch. “We wanted to embark on a project with a specific

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