CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat joins broad commodities weakness

CBOT corn, soybeans also lower

Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S.


File photo of wild horses running on grasslands in Nova Scotia’s remote Sable Island National Park Reserve. (Photo by Sarah Medill/Parks Canada/Handout via Reuters)

Wild horses face unruly storms as Fiona nears East Coast

Damages feared to buildings, utilities, crops

Ottawa | Reuters — Shaggy, long-maned wild horses grazing freely on the sandy grasslands of the crescent-shaped Sable Island in the North Atlantic are expected to come under the swipe of a powerful storm forecast to hit Eastern Canada this weekend. Hurricane Fiona, tracking northward after carving a destructive path through the Dominican Republic and

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

Global wheat production rises, corn drops

IGC sees only slight changes in soy crop

MarketsFarm — The International Grains Council (IGC) in London raised its estimate of total world grain production for 2022-23 from its August report, with most of the increases coming in wheat. Overall, the IGC projected total production to reach 2.256 billion tonnes, adding eight million from last month. Most of that came from higher harvest





Security forces detain a demonstrator during a protest on Sept. 21, 2022 in St. Petersburg against a mobilization of reservists ordered by Russian President Vladimir Putin. (Social media video screengrab obtained by Reuters)

CBOT weekly outlook: War chatter part of market chaos

Stronger U.S. dollar weighs on futures

MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war

CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up on new concerns for Black Sea supplies

Corn, soybeans up on slow harvest

Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel,


CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most

Big crops loom even as Brazil growers face high input bills

Reuters – Brazilian farmers will spend more to nourish crops like soybeans and corn this season, according to agribusiness consultancy StoneX. It reflects a rise in prices exacerbated by the conflict in Ukraine. A soybean farmer in the south of the country spent on average US$251.65 per hectare to buy nutrients in the last season.