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(USDA.gov via Flickr)
Crops, Markets

U.S. projects wheat acres at record lows, increases for soy, corn

Grain stocks as of March 1 down on year

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MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its
(MarketsFarm graphic)
Markets

Burnett on Markets: Suddenly agriculture is important

COVID-19 is putting food security in the spotlight

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MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids fall with U.S. futures

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MarketsFarm — Hard red spring wheat bids in Western Canada moved lower during the week ended Thursday, as a sell-off in U.S. futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed on most grain markets during
File photo of a durum wheat field in Idaho. (Craig Morris photo courtesy ARS/USDA)
Cereals, Crops, Weather

Late North American durum faces quality downgrades

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MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some
CBOT November 2019 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets

U.S. grains: Soy futures end near unchanged

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Chicago | Reuters — U.S. soybean futures finished near unchanged on Thursday after initially rising on hopes for further Chinese purchases, traders said. China, the world’s largest soybean importer, will buy about six million tonnes of soy from the United States before trade talks in early October, said a chief analyst at Shanghai JC Intelligence
CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans slip on weather, Chinese buying concerns

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Chicago | Reuters — Chicago soybean futures fell on Wednesday as investors worried U.S.-China trade relations could escalate and as thoughts of frost impacting U.S. Midwest yields began to ease, traders said. Soybean futures faced pressure after President Donald Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that
Wet harvests hurt U.S., Canadian spring wheat quality
Crops, Weather

Wet harvests hurt U.S., Canadian spring wheat quality

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Chicago | Reuters — Excessively wet conditions in the northern U.S. Plains and Canadian Prairies have hurt the quality of the region’s spring and durum wheat crops, potentially tightening supplies of top grades of the grains, handlers and agronomists said. Rains and heavy dew have slowed the harvest and, worse, caused mature, un-harvested wheat kernels

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