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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
CWRS quantity down, but quality up
Cereals, News

CWRS quantity down, but quality up

Drought cut wheat yields but not quality, says the CGC’s chief grain inspector Derek Bunkowsky

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This year western Canadian farmers harvested a high-quality Canada Western Red Spring (CWRS) wheat crop — albeit a smaller one due to drought. Ninety per cent of the 3,500 or so samples submitted to the Canadian Grain Commission (CGC) through its annual Harvest Sample Program fell into the top two grades. Almost 96 per cent
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Wheat futures drop on weather view

CBOT corn, soybean futures rise

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Chicago | Reuters — Chicago Board of Trade winter wheat futures fell 1.7 per cent on Wednesday as forecasts for mild temperatures and some rain in key growing areas raised hopes that the crop will be in good condition before it heads into dormancy, traders said. “U.S. weather for wheat looks pretty good,” said Terry
The weather event could boost Australia’s wheat yields.
News, Weather

Australia declares La Niña for second straight year

Better rainfall could once again boost Australian wheat production

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Australia’s weather bureau said Nov. 23 a La Niña weather phenomenon had developed in the Pacific Ocean for the second year in a row that could bring above-average rainfall across the country’s centre, north and east. La Niña is typically associated with greater rainfall, more tropical cyclones and cooler-than-average temperatures in the equatorial Pacific Ocean. The
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: CBOT soybeans drop

Corn, wheat up off early weakness

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Chicago | Reuters — U.S. soybean futures fell on Tuesday, pressured by signs of rising competition on the export market that could lead to a domestic supply glut, traders said. Forecasts for improving crop weather in Brazil and Argentina during January also weighed on the market. Corn and wheat futures ended firm after spending much
CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans fall in risk-off trade

Chicago winter wheat firms

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Chicago | Reuters — U.S. corn and soybean futures fell on Monday, with concerns about the spread of Omicron coronavirus variant causing investors to take some risk out of the market, traders said. U.S. Commodity Futures Trading Commission (CFTC) data released on Friday afternoon that showed large speculators cut their net longs in both commodities
“In Western Australia this year, nearly half of the crop is standard white wheat.” – Ole Houle, IKON Commodities.
News

Australia wheat shows lower protein, raising supply woes

A near-record crop is coming off, but quality is on the lower end

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Reuters – Early harvest results for Australia’s near-record wheat crop are showing lower-than-expected protein levels, raising concerns over supplies to a market already suffering shortfalls from key Northern Hemisphere exporters. Australia is expected to be a key wheat exporter in the 2021-22 season, but heavy rains hampered harvesting in some areas and caused some crop deterioration, analysts and traders said.
CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat slide continues in volatile week

Soybeans rise, corn up on support from crude oil prices

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Chicago | Reuters — Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said. Wheat prices had steadied early in the day’s session but then started falling again on news that U.S. employment growth
CBOT January 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Grain futures regain ground as COVID jitters ease

Corn, soy firm after also hitting near three-week lows with wheat

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Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals

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