Commodities tumble in tough week

Commodities tumble in tough week

Seasonal effect enhanced by inflation concerns and rising interest rates

What goes up, must come down’ may be a tired cliché, but it proved true in the grain and oilseed markets once again as summer officially begins. Canola, soybeans, palm oil, wheat, corn — you name it, and it fell hard during the week ended June 23. The seasonality of the North American agricultural markets



Seeding progression in 2022 compared to previous years.

Seeding in Manitoba 91 per cent complete, severe flea beetle pressure in canola

Manitoba Crop Report: Issue 7, June 21, 2022

Overview A final push to finish seeding this past week brought a small increase in planted acres. Significant amounts of reseeded canola occurred from severe flea beetle damage, and crusting and flooding to a lesser extent.  Extreme heat brought on severe thunderstorms in large parts of the Southwest, Northwest, and Interlake regions over the weekend



A sign warns people of mines at a closed-off beach at Odesa, Ukraine on June 6. Even if an agreement can be reached to resume grain exports via the Black Sea, it’s believed it could take months to clear mines in the waters around Ukrainian ports.

Grain traders look past delays to focus on seeded crops

Canola values have dropped below some key chart points

Time may be running out for spring seeding in Manitoba, while the northern U.S. has faced similar delays, but the futures markets are generally looking past the poor planting progress to focus on conditions for what’s in the ground. Outside factors, such as the ongoing war in Ukraine, are also accounting for much of the

CBOT July 2022 soft red wheat (candlesticks) with 50-day moving average (black line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat eases on harvest pressure

Nearby corn firms, July soybeans also lower

Chicago | Reuters — U.S. wheat futures ended lower on Wednesday, led by K.C. hard red winter wheat, as the harvest progressed and forecasts signalled continued dry weather for combines rolling in the southern Plains, traders said. Corn futures closed mixed, with strong domestic cash markets supporting nearby July futures on the Chicago Board of


Seeding progression in 2022 compared to previous years.

Manitoba seeding 87 per cent complete, recent rains halt progress

Manitoba Crop Report: Issue 6, June 14, 2022

Overview A concentrated push to finish seeding this past week led to a sharp increase in planted acres, with many farms in the Eastern, Central, and Southwest regions finished seeding, while parts of the Interlake and eastern side of the Northwest region remain unplanted. Some reseeding of canola has occurred after crusting events and severe



A cargo ship is loaded with steel rolls at the Russian-occupied Port of Mariupol, Ukraine on May 30.

Wheat values fall hard

Canola, soy and corn values got caught in that spillover

Despite the strong unlikelihood of an agreement between Russia and Ukraine on exporting the latter’s grain out of its occupied and blockaded Black Sea ports, the suggestion of talks sent wheat futures tumbling over the last week. Heading into the Memorial Day long weekend in the U.S., the wheat complex made some moderate gains. The