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CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Crop data awaited as grains fall with other commodities

China COVID-19 cases weigh on markets; grain traders monitor Ukraine news

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Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Monday as worries over coronavirus cases in China weighed on commodity markets while grain traders also adjusted positions ahead of key U.S. crop reports due later this week. Crude oil dropped sharply as China’s financial hub, Shanghai, launched a lockdown to contain surging
CBOT May 2022 soybeans (candlesticks, right column) with Bollinger bands (20,2) and NYMEX May 2022 West Texas Intermediate (WTI) crude (grey line, left column). (Barchart)
Crops, Markets

U.S. grains: Export demand boosts soybeans

Corn firm, wheat weak

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Chicago | Reuters — Chicago Board of Trade soybean futures rose for a third consecutive session on Wednesday, hitting their highest in nearly a month on expectations that demand for U.S. supplies will remain strong due to harvest shortfalls in South America, traders said. The crop woes in Argentina and Brazil also lent support to
Fuelled by the Ukraine crisis, wheat prices in China recently soared to a record on existing domestic supply worries.
Markets, News

Chinese winter wheat condition could be worst in history

Grim assessment comes from the country’s agriculture minister and raises many concerns

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Reuters – The condition of China’s winter wheat crop could be the “worst in history,” the agriculture minister said recently, raising concerns about grain supplies in the world’s biggest wheat consumer. Speaking to reporters on the sidelines of the country’s annual parliament meeting, Minister of Agriculture and Rural Affairs Tang Renjian said that rare heavy
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat up on Russian export suspension, U.S. drought

Corn futures firm, soy down

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Chicago | Reuters — Chicago Board of Trade wheat futures gained on Tuesday, supported as export curbs by Russia fuelled concerns about global supply, while traders see the recent decline as an opportunity for bargain buying. Soybeans fell in reaction to investor worries that renewed coronavirus outbreaks in China could curb demand, while corn traded
Markets, News

China could cut soybean demand by 30 million tonnes

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China can reduce its soybean demand by 30 million tonnes by continuing to promote lower soymeal rations in feed and using alternative proteins, the official Xinhua news agency said in February, citing unnamed agriculture officials. China issued guidelines last year recommending the reduction of soymeal and corn in pig and poultry feed, as it sought
(Xinzheng/Getty Images)
Markets

China blocks Lithuanian beef, dairy, beer as Taiwan row grows

Canada seeks to join EU trade case against China

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Beijing/Vilnius | Reuters — China suspended imports of beef, dairy and beer from Lithuania this week, Lithuania’s veterinary control agency said on Thursday, amid a growing trade dispute over the Baltic nation’s relations with Taiwan. China’s General Administration of Customs had informed the country it was halting the exports due to “lack of documentation,” the
CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: South American dryness lifts soybeans, corn

Wheat also up

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Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of
(Shadowinternet/E+/Getty Images)
Hogs, Livestock, Markets

Pork industry looks ahead from turbulent 2021

Pork prices expected to stay elevated in 2022

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MarketsFarm — Labour shortages caused by the COVID-19 pandemic, high feed costs and lower prices posed constant threats to Canada’s hog industry in 2021. Nevertheless, pork appears to be in a good spot entering 2022, according to two analysts. “2021 was not the best, but not the worst,” said Tyler Fulton, director of risk management

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