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Wheat

CBOT December 2021 wheat (candlesticks) with K.C. December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets

U.S. grains: CBOT wheat down off nine-year high

Chicago corn, soybeans also weak

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Chicago | Reuters — U.S. wheat futures fell on Tuesday on a profit-taking setback, with the benchmark Chicago Board of Trade soft red winter wheat contract sagging 1.9 per cent from the nine-year high it hit on Monday. Corn and soybean futures also were lower, but the declines were kept in check by signs of
File photo of ice cream cones. (Ahirao_photo/iStock/Getty Images)
Crops

Loblaw parent Weston sells cookie and cone business

'Ambient' bakery plants include Kitchener site

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The parent company for Canadian grocery and retail giant Loblaw is stepping the rest of the way out of the baked goods business. George Weston Ltd. said Monday it has signed a deal to sell its Weston Foods “ambient” bakery business — which produces cookies and crackers, along with cones and wafers for ice cream
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids jump after USDA projects cuts

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MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million
CBOT January 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and December 2021 soymeal (black line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans climb as soymeal surges

U.S. wheat nears nine-year top

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Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat
Farmers whose drought-stricken crops faced yield shortfalls can claim any contract losses as eligible AgriStability expenses.
News

Grain contract losses an eligible AgriStability expense

The NFU wants a mandatory ‘act of God’ contract clause but a veteran grain trader says it won’t fly

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Farmers who lost money because they forward sold more crop than they grew can claim that as an expense under AgriStability. And Manitoba farmers not enrolled can still join the risk management program, but with a 20 per cent penalty on payouts. That’s the message Stewart Wells wants every farmer to hear. The Swift Current,
News

New grain load record set at Port of Thunder Bay

CSL and Viterra have shipped the largest load of grain ever, bound for Montreal

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[UPDATED: Nov. 15, 2021] A record-setting grain load has sailed from Viterra’s terminal at Thunder Bay. Canada Steamship Lines ship Welland loaded 31,362 tonnes of grain Nov. 4, breaking the previous record of 31,143 tonnes. The cargo of wheat will be discharged in Montreal, destined for international markets. The Trillium Class bulk carrier is currently running
(Jack Dykinga photo courtesy ARS/USDA)
Crops

Brazil clears GMO wheat flour from Argentina in global first

Sales, however, may be slow

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Sao Paulo/Buenos Aires | Reuters –– Brazil on Thursday became the first country to allow imports of flour made with genetically modified wheat, though shipments of the new variety developed in Argentina are unlikely anytime soon due to opposition from Brazilian millers and global consumers. The decision may spur a broader global discussion about genetically
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat hits multi-year highs on global supply worries

CBOT corn, soybeans also up

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Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed
Kansas City (K.C.) December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat futures rally as global stocks tighten

CBOT corn, soybeans also strong

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Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in

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