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Wheat

(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Latest USDA adjustments do little to move market

Selling pressure short-lived after report

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MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago wheat, corn, soy firm on WASDE report

South America's weather drags on competing exports

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Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2
(Dave Bedard photo)
Crops, Markets

Grain stocks come in as projected

StatCan report deemed neutral for canola and spring wheat, supportive for durum

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MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are important because they confirm the
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans fall ahead of USDA report

U.S. wheat futures end mixed

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Chicago | Reuters — Chicago Board of Trade soybean and corn futures fell on Tuesday as investors squared positions ahead of the U.S. government’s key monthly reports on global supply and demand. Traders were focused on the size of the corn and soybean harvests in Argentina as drought stressed the crops in that key global
Farmers should beware industry efforts to further erode the Canada Grain Act’s mandate to assure quality in the producer interest.
Op/Ed, Opinion

Opinion: Grain quality and the producer interest

The CGC’s historical role has slipped, and that’s a problem

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The Canada Grain Act has a dual mandate: to regulate and safeguard the handling and quality of Canadian grain, and to do so in the interests of grain producers. Most farmers are aware of the Act’s provisions that defend their interests at primary elevators – independent arbitration of disputes and producer payment protection, for example
Destroyed grain storage in the village of Kamianka, Kharkiv, liberated from Russian invaders by Ukrainian forces in October 2022. Three very separate, unique and low probability events caused grain prices to rise this time around: pandemic, drought and war.
News

When markets burst, it’s never pretty

We’ve seen plenty of price surges followed by collapses. Are commodities next?

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Over the past few years, if not decades, there’s been a lot of volatility in markets and economies worldwide. You can start 30 years ago with the Asian currency crisis, Russian debt default and Long-Term Capital Management hedge fund collapse in the late 1990s as examples of explosive events in financial markets. Then, as we
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures fall on technical selling

Corn edges higher; wheat weak

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Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about
Markets, News

India jumps bulk consumer wheat quota

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Reuters – India will provide three million tonnes of wheat to bulk consumers such as flour millers. The move is part of efforts to bring down prices, which jumped to a record high Jan. 25, a government official told Reuters. The allocation is more than traders’ expectations of around two million tonnes. The market waited
An agricultural economist says two methods show promise for reducing nitrogen application while doing little to farmers’ bottom line.
News

N reductions possible without significant economic losses

Rotation and management key, but two studies suggest the possibilities

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Reducing nitrogen use is key to reducing greenhouse gas emissions, but there are ways to do so without slashing profits, an Agriculture and Agri-Food Canada researcher says. Mohammad Khakbazan is an agricultural economist based at the Brandon Research and Development Centre. He spoke during a Jan. 17 panel discussion at Manitoba Ag Days in Brandon.
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Spring wheat bids edge higher

U.S. wheat futures supportive; durum bids down

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MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per tonne across the Prairies, according

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