Sheila elder (third from right) visits a flour mill in Ecuador with members of the Latin America new crop mission. The mill uses almost exclusively Canadian wheat, Elder said.

Supply, sustainability top of mind for Canada’s wheat customers

Cereals Canada’s new crop missions found millers and bakers eager to ensure their supply of wheat amid global food insecurity

Latin American millers and bakers were keen to learn about Canadian farmers’ sustainability practices, says a Manitoba farmer recently returned from a Cereals Canada new crop mission. “There was a lot that we just weren’t letting people know that we actually do,” said Sheila Elder, a farmer from Wawanesa. Elder participated in Cereals Canada’s crop

CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina


Argentina’s grain export revenue plunges in January

Argentina’s revenue from exports of grain, oilseeds and their derivatives plummeted 61 per cent in January from a year ago, exporters and crushers chamber CIARA-CEC said Feb. 1, in a setback as the country tries to refill foreign currency reserves. Exports totaled US$928.37 million in the first month of the year, also falling 75 per

Brazil’s soybean crop this year is expected to more than offset any drought-reduced yields in neighbouring Argentina.

No breakout for rangebound canola for now

New StatCan and USDA data aren’t expected to offer much impetus

There is likely nothing substantial over the next few months that could break canola and other vegetable oils out of their rangebound state. Canola, for instance, continued to vacillate between $800 and $850 per tonne during the week ended Feb. 2. In recent weeks the Canadian oilseed has pushed towards $900/tonne, its upper level of


(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Latest USDA adjustments do little to move market

Selling pressure short-lived after report

MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for

(Dave Bedard photo)

Grain stocks come in as projected

StatCan report deemed neutral for canola and spring wheat, supportive for durum

MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are important because they confirm the


Destroyed grain storage in the village of Kamianka, Kharkiv, liberated from Russian invaders by Ukrainian forces in October 2022. Three very separate, unique and low probability events caused grain prices to rise this time around: pandemic, drought and war.

When markets burst, it’s never pretty

We’ve seen plenty of price surges followed by collapses. Are commodities next?

Over the past few years, if not decades, there’s been a lot of volatility in markets and economies worldwide. You can start 30 years ago with the Asian currency crisis, Russian debt default and Long-Term Capital Management hedge fund collapse in the late 1990s as examples of explosive events in financial markets. Then, as we

CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy futures fall on technical selling

Corn edges higher; wheat weak

Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about


India jumps bulk consumer wheat quota

Reuters – India will provide three million tonnes of wheat to bulk consumers such as flour millers. The move is part of efforts to bring down prices, which jumped to a record high Jan. 25, a government official told Reuters. The allocation is more than traders’ expectations of around two million tonnes. The market waited

CBOT March 2023 soymeal with 20-day moving average (brown line, right scale) and CBOT March 2023 soybeans (dark green line, left scale). (Barchart)

U.S. grains: Soymeal futures set multi-year high while soybeans decline

CBOT wheat down off one-month top; CFTC trading report to be delayed

Chicago | Reuters — U.S. soybean futures declined on Friday on spillover weakness from crude oil prices and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2-year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn