North American weather conditions should become a major influence on the activity in the grain and oilseed markets in the upcoming weeks as farmers turn their attention to spring seeding.
Tag Archives Wheat
Attention in CBOT soybeans/corn turning to spring weather
CBOT Weekly: Markets react to USDA reports
Projected corn acres at the lower end of trade expectations was the most notable news after the United States Department of Agriculture (USDA) released its Prospective Plantings and Quarterly Stocks reports on March 28.
U.S. wheat sales to China cancelled
USDA confirms more cancellations of U.S. soft red wheat sales to China
Reuters – Private exporters canceled sales of 264,000 tonnes of U.S. soft red winter wheat that had been booked for delivery to China, the U.S. Department of Agriculture confirmed March 11. It was the third cancellation in as many business days and the largest of the three, following two cancellations totaling 240,000 tonnes in the
Canola prices higher in rangebound movement
Spring rally still expected, but it may not be a sharp uptick this year
There isn’t much to be overly concerned about now regarding canola futures on the intercontinental exchange. Despite declines, the Canadian oilseed remained a fair bit higher than a week ago. This is pleasant news, given how canola has tumbled downward in recent months. In short, canola can be seen as rangebound. There is a deficit
China backs out of Aussie wheat sales
Australia joins the U.S., which has also seen recent Chinese wheat sales fall through
Chinese wheat importers have cancelled or postponed about one million tonnes of Australian wheat cargoes, said trade sources with direct knowledge of the deals, as growing world stockpiles drag down prices. The news comes after the U.S. government recently reported cancellation of more than 500,000 tonnes of U.S. soft red winter wheat exports to China, the world’s
Crop plans, grain markets countdown to spring
Expert’s Radar: Recent snowfall eases some moisture worries as thoughts turn to spring
March comes in like a lion and goes out like a lamb, according to the old saying that alludes to the idea that storms early in the month are often followed by milder spring weather as the calendar turns to April. Much of Western Canada welcomed snow in early March and the moisture eased some
Research inbound with new wheat cluster funding
The next wheat cluster will have over $20 million behind it
Future Canadian wheat research will be supported by more than $20 million, following back-to-back commitments from the federal government and wheat farm groups. On March 6, Agriculture and Agri-Food Canada announced $11.2 million for the Canadian National Wheat Cluster via the Sustainable Canadian Agricultural Partnership. Last year, wheat and durum sales accounted for $12.4 billion
Port of Churchill charts new course
Grain shipments take a back seat as the port gears up for the future
It’s been decades since there’s been this kind of optimism about the Port of Churchill and how it could be developed as a transportation hub. The money is flowing. On Feb. 23, Manitoba Premier Wab Kinew announced $60 million in provincial and federal funds to get the Hudson Bay Railway between The Pas and Churchill
CBOT Weekly: ‘Beaten up’ prices make their way upwards
After weeks of tumbles toward new contract lows, the month of March is looking mighty so far for grains on the Chicago Board of Trade (CBOT).
Feds, producer groups launch wheat research cluster
Government, groups pool more than $20 million in research dollars
The federal government and private and producer groups announced $20 million toward wheat research today.
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