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

Few alterations seen in new global supply/demand report

IGC expecting more corn grown this year

MarketsFarm — There were few notable changes in the latest monthly supply-and-demand report from the International Grains Council (IGC) on Thursday. One of the more significant alterations was its 1.42 per cent increase to total global production from that in 2019-20, at nearly 2.216 billion tonnes. It also raises its estimate for this marketing year’s


CBOT May 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Weak export sales report pushes soy, wheat lower

Weekly corn exports slip to eight-month low

Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker

Current cash prices suggest a level of desperation among commercial traders to grab whatever canola remains in farmers’ bins.

ICE canola futures acting independently

New federal estimates paint a picture of tighter ending stocks

It can happen. Canola was showing a good amount of independent strength this week, shrugging off the ebbs and flows of other edible oils. The main driver behind this rarely seen independence is tight canola ending stocks, which have instilled price rationing in ICE canola futures. As one trader explained, commercials are so desperate to grab whatever canola remains



CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Brazilian storms push U.S. corn, soy futures higher

Cold-weather concerns support wheat

Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as storms in major production areas of Brazil disrupted fieldwork, threatening to slow export shipments from one of the world’s major suppliers, traders said. “Very heavy rains remain in the forecast for Brazil’s northern soybean belt, where farmers are trying to harvest this



CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, soy, corn futures rise

Still remain below multi-year peaks

Chicago | Reuters — U.S. wheat futures rose on Monday, led by a 2.2 per cent gain in the benchmark Chicago Board of Trade May soft red winter wheat contract, as traders focused on the condition of the crop after severe cold snaps in key growing regions. “Wheat is receiving some support from cold weather


China finds illegal work on genetically modified crops

China finds illegal work on genetically modified crops

The nation has signalled it will accept the technology, but has not yet officially done so

China’s Ministry of Agriculture and Rural Affairs has found eight companies and research institutes that illegally produced or carried out research on genetically modified (GM) seeds. The companies included two seed marketing companies in northeast Liaoning province and two corn breeders in northwest Xinjiang province that were producing GM corn seed. The ministry said seeds

Toews Family Enterprises tops corn competition

Toews Family Enterprises tops corn competition

A harvest of 281.9 bushels to the acre earned the farm the annual honours

Toews Family Enterprises, of MacGregor, has earned top spot in the 50th annual corn yield competition, hosted by the Manitoba Crop Alliance, with 281.9 bushels an acre. It will get its name inscribed on the trophy and will safeguard it for the year, as well as earning a $1,000 cash prize donated by the winning