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Cereals

Strategie Grains cuts EU wheat crop forecast as harvesting starts

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Paris | Reuters – Strategie Grains lowered its monthly forecast for this year’s soft wheat crop in the European Union, confirming its expectation for a four-year low in production as harvesting gets under way. The consultancy now sees 2024/25 soft wheat production in the 27-country bloc at 121.8 million metric tons, 1.7 million tons less
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Crops, Markets

USDA cuts Russian wheat crop estimate after damaging frosts

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Chicago | Reuters – The U.S. Department of Agriculture cut its forecasts for Russian wheat production and exports on Wednesday, after Moscow declared federal emergencies over crop losses due to unfavourable weather. Increasing concerns about damage from drought and frosts in Russia, the world’s biggest wheat supplier, drove Chicago board of Trade wheat futures to 10-month highs in May
Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

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Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in
Results found that optimum wheat yields at sites with lower moisture emerged with a target plant count between 15 and 25 plants per square foot.
Cereals, Crops

Steady as she goes on wheat seeding rates

A recent Saskatchewan study suggests it might pay to lower seeding rates for low moisture, but that might not transfer to Manitoba conditions

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Recent research from Saskatchewan suggests farmers might want to hold back on their wheat seeding rate if they’re expecting a dry year, but it’s not clear how well the insight translates to Manitoba. The Western Applied Research Corporation study found that with a dry season on the horizon, a mid-to-low wheat seeding rate achieved the
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Grain Markets, Markets

Wheat market breaks dormancy

Expert’s Radar: Markets climb out of rangebound position on news from around the world

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After a long winter, plants are starting to shoot up. Similar activity can be seen in the wheat market. Values broke dormancy during the week ended April 26. Charts: Minneapolis spring wheat gained 55 cents per bushel in the span of a week, while Kansas City hard red winter wheat was up by 65 cents.
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Cereals, Crops, Markets

Prairie wheat bids climb with U.S. futures

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Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the
Wheat bids in Western Canada are a far cry from where they were at this time a year ago, but unlike canola, the demand is still strong for Canadian wheat.
Grain Markets, Markets

Wheat prices stuck in sideways pattern

Minneapolis wheat has been hovering just above contract lows for two months

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North American wheat markets have been treading water for the past few months, with prices struggling to show much life. Minneapolis spring wheat, the most closely related futures contract to the Prairie cash market, has held in a sideways range just above contract lows for the better part of two months, with no indication that

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