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CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

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Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed
Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

China hits Australia with barley tariff

Duty to last for five years; China may turn to Canada, other exporters

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Beijing/Sydney | Reuters — China added to tensions with Australia on Monday by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on Australian barley imports from Tuesday (May 19), which is expected to all but halt a billion-dollar trade between them. China’s ministry of commerce said it had confirmed dumping by Australia and significant
CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: CBOT wheat hits lowest since March

Soybeans, corn firm as oil rallies

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Chicago | Reuters –– U.S. wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front and some much-needed rain in the U.S. Plains, traders said. Soybean futures were higher, supported by gains in the crude oil market as well as strong demand from China.
CBOT July 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

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Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So
CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat nears two-month low on export competition

Corn, soybean futures also sag

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Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged
A file photo of cattle mustering in Australia’s Outback. (Hypedesk/iStock/Getty Images)
Markets

Australia requests China trade talks over beef, barley

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Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after
CBOT July 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn up despite USDA forecast for ballooning stocks

Soybeans drift lower; wheat weaker on improving crop weather

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Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion
The canola value chain isn’t ready to give up
yet on getting back into China.
Crops, News

Canola council not giving up on China market

More than a year after losing its biggest canola seed market the council is still working to restore normal exports

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The Canola Council of Canada remains committed to regaining full access to the Chinese market for Canada’s canola seed. “Our priority is certainly to restore full trade and have all Canadian exporters included in that trade and we will keep working on this file until full trade is restored,” Jim Everson said during a webinar

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