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Winter wheat

cow and calf walking in a flooded pasture
Grain Markets, Markets

Wheat values take a wild ride higher

Southern Alberta’s seeders leave others in dust, literally

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Following the release of the May supply-and-demand estimates from the U.S. Department of Agriculture on May 12, July Minneapolis wheat surged to $13.16 per bushel — a new high for the contract. Over the course of the last week, that spring wheat contract has been on a tear, having jumped $1.0625. As well, Kansas City
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids climb higher

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MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according
CBOT July 2022 soft red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: CBOT wheat, corn ease off rally on supply concerns

Export outlook, crude oil support soybeans

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Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts
Corn seedlings in southern Ontario in 2021. (Farmtario photo by John Greig)
Crops, Weather

Spring planting well underway in Ontario

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MarketsFarm — Farmers are well into seeding their crops for 2022, according to Wednesday’s crop report from Ontario’s Ministry of Agriculture, Food and Rural Affairs (OMAFRA). The report noted planting of corn, soybeans and spring cereals started late last week — the exception being where there are heavier soils. OMAFRA projected planting could be 80
K.C. July 2022 hard red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and CBOT July 2022 wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheats up on ‘indisputably bullish’ cuts to harvest estimates

MGEX July wheat limit up, K.C. July wheat hits contract high

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Chicago | Reuters — U.S. wheat futures set contract highs on Thursday as the U.S. Department of Agriculture (USDA) slashed its production forecast for the variety that is grown in the U.S. Plains and used to make bread. USDA, in a monthly crop report, projected hard red winter wheat output at 590 million bushels, down
Children walk through a partially dry riverbed at New Delhi on April 30. Extreme heat has cut into India’s wheat production prospects and export expectations.
Grain Markets, Markets

Spring seeding conditions likely to sway markets

Canola values are recovering up off a hard drop

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The ICE Futures canola market dropped hard to start the month of May, seeing heavy bouts of long liquidation as profit-taking finally came forward to weigh on values. However, with no change to underlying fundamentals, the selling quickly ran out of steam and the futures managed to regain much of their lost ground. July canola
MGEX July 2022 spring wheat (candlesticks) with CBOT July 2022 wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Supply worries, weather spur rallies

Market awaits USDA world crop report; rains delay U.S. spring wheat plantings

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Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the
Flood-related states of emergency in Manitoba – May 2022.
Crop Report, Crops, News

Heavy rainfall sees overland flooding, farmers extremely concerned about seeding delays

Manitoba Crop Report: Issue 1, May 10, 2022

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Overview The crop year for Manitoba farmers begins with extremely challenging spring conditions, moving from a very dry 2021 to high overwinter snowfall accumulation followed by a very wet April. Overland flooding has impacted major transportation routes, delaying shipment of ag commodities and inputs. Soils have been left saturated across much of agro-Manitoba, with regularly

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