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

U.S. grains: Wheat jumps to one-month top

Soy climbs, corn little changed

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Chicago | Reuters — U.S. wheat futures surged nearly four per cent on Monday and hit a one-month high, buoyed by strong buying by domestic flour millers as consumers stockpile bread, and signs of a pick-up in global export business, traders said. Soybeans rose on expectations of rising demand for soymeal, a feed ingredient. Corn
The Canada, U.S. border crossing in Emerson, Man.
News, Other

Canada, U.S. aim for border balancing act

COVID-19 shuts down non-essential traffic between Canada and the U.S. but not trade

By
Farmers on both sides of the Canada-United States border still have access to their best market — each other. That’s despite a two-way temporary ban on non-essential travel to slow the spread of COVID-19, which was expected to be implemented by March 20. In 2018 Canada was the U.S.’s largest agricultural export customer purchasing $25
Reginald Conyers, a traveling busker, plays the trumpet outside a Safeway while people observing social distancing wait in line to enter the store in Oakland on March 20, 2020. (Photo: Reuters/Kate Munsch)
Crops, Markets

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat, soy rise after export deals

Corn sags on ethanol woes

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Chicago | Reuters — Chicago Board of Trade soybean and wheat futures rose on Friday, supported by a pick-up in Chinese demand for U.S. commodities, traders said. But corn closed lower, giving up early gains with traders shrugging off a massive sale to China to focus on expectations for a weakened ethanol market as crude
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Recent declines stoke export interest

CBOT May corn, soy, wheat all rally

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Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy
A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening of trading in New York on March 13.
Grain Markets, Markets, Other

Crude oil war, COVID-19 fears drag commodity markets lower

Uncertainty has sidelined many participants in the canola market

By
Canada’s grain markets haven’t been immune to the growing panic surrounding the COVID-19 coronavirus and its impact on global economies. At the start of Monday’s trade, crude oil futures plummeted by over 30 per cent following a dissolved agreement between Russia and Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries
From oil price wars to the COVID-19 pandemic, the global economy is being hammered.
Comment, Other

Comment: Pandemic + oil price war = uncertainty

So far agriculture commodity markets have avoided the worst of the sell-off

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Most analysts agree that the oil price war is only beginning. With cheap oil abound, this will impact the entire agri-food market, from farm gate to plate. The novel coronavirus pandemic is also compounding what is already a fragile global economy. The current novel coronavirus pandemic and the oil price war is causing a massive

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