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The USDA upped its average yield estimate for U.S. wheat in 2025-25 by half a bushel per acre.
Grain Markets, Markets

Canola well supported despite profit-taking

New data on global oilseed stocks may take on added importance later

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The ICE Futures canola market came under some pressure during the week ended Dec. 10, as speculators booked profits on their large net long positions and the months-long uptrend showed signs of faltering. After a year of unprecedented strength all of the bullish news should be well known for canola. The tight supply situation was confirmed by Statistics
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: CBOT wheat nears two-month low

Corn declines; soy ends firm

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Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly
CBOT January 2022 soybean meal (candlesticks) with January 2022 soybean oil (yellow O/H/L/C, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans up as soymeal gains sharply against soyoil

CBOT corn up, wheat lower

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Chicago | Reuters — U.S. soybean futures rose about one per cent on Tuesday as soymeal futures soared on expectations of rising demand for the high-protein feed ingredient, analysts said. Chicago Board of Trade soymeal futures gained sharply against soyoil futures on meal/oil spreading, with soyoil falling to six-month lows on expectations that U.S. oil
A refrigerator is stuck in a tree at Dawson Springs, Kentucky, about 140 km west of Bowling Green, on Dec. 13, 2021. (Photo: Reuters/Jon Cherry)
Weather

U.S. tornadoes destroy chickens, tractors, silos

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Chicago | Reuters — A Deere dealership and a Pilgrim’s Pride chicken hatchery were destroyed when deadly tornadoes swept through Kentucky on Friday, while silos holding millions of bushels of corn suffered damage, the companies and the state’s agriculture commissioner said on Monday. At least 64 people, including six children, lost their lives in Kentucky
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soy, corn down on technical selling, Argentine rains

CBOT wheat up off Friday's drop

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Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Monday and corn futures also declined on a mix of technical selling after last week’s advances and improving prospects for South American production, analysts said. Wheat futures rose on bargain-buying after dipping to a six-week low on Friday. Chicago Board of Trade
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat bounces from lowest in a month

Corn weak, soybeans firm

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Chicago | Reuters — U.S. wheat futures rebounded from a one-month low on Friday, gaining 1.1 per cent on a round of bargain-buying and renewed interest on the export market, traders said. Soybeans also were firm but corn was weaker on a technical setback. News that Chinese buyers had booked a large amount of feed
A sunflower field in north Winnipeg in 2018. Total sunflower seed production fell more than 20 per cent in 2021.
Crops, News

Manitoba crops down across the board: StatCan

From spring wheat to dry beans, Manitoba farmers self-reported lower yields

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Manitoba farmers reported a decrease in production of spring wheat, canola, soybeans, corn for grain, oats, barley, dry beans and sunflower seeds. The 2021 estimates come from a StatCan survey of 3,133 Manitoba farmers conducted from October 8 to November 12. Spring wheat Total spring wheat production fell 29.2 per cent to 3.7 million tonnes
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat hits one-month low on USDA projections

Corn, soybean futures rise

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Chicago | Reuters –– U.S. wheat futures slumped to a one-month low on Thursday after the U.S. Department of Agriculture forecast larger-than-expected global production and stocks in a monthly report that reinforced a recent spate of bearish news. Corn and soybean futures tracked wheat lower, but promptly rebounded from their lows on speculative and technical

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