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The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: U.S. corn, soybean carryovers could increase

Declines expected for wheat stocks

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MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled
File photo of Mekelle, the capital city of Ethiopia’s Tigray region. (Yuzu2020/iStock/Getty Images)
Crops

U.N. urges Ethiopia to allow unhindered aid as hunger kills

'Ethiopian children are starving'

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Reuters — U.N. Secretary-General Antonio Guterres called on Ethiopia’s government on Wednesday to allow the urgent delivery of humanitarian aid to millions in the country’s north “without hindrance” as U.N. officials report deaths from hunger. During a U.N. Security Council meeting, Guterres urged Ethiopia’s government to allow “unrestricted movement of desperately needed fuel, cash, communications
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

Exports tumble as supplies simply not there

'There's very little to sell'

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MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell.
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybean futures fall

Chicago wheat futures firm

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up
Crop Report, Crops, News

Manitoba harvest 95 per cent complete, soils remain dry

Manitoba Crop Report and Crop Weather report for October 5

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Southwest Region Temperatures have been variable, with daytime highs ranging from 27 to 32 C. Overnight lows dropped to as low as 5.0 to -0.5 C, with no severe frost reports. Average daily temperatures range from 14 C to 16 C. Forecast looks promising for the remainder of harvest. Above normal temperatures are making harvest
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

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Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after

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