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

U.S. grains: Soybeans climb to 2-1/2 month highs on strong exports

Wheat eases on disappointing exports

Chicago | Reuters — Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly three-month highs. Wheat traded near even after Wednesday’s rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher. Movements in grains were limited as traders


New exchange offers Egypt another way to import wheat

Egypt’s state grains buyer will be able to make international wheat purchases through a newly launched exchange that is also aimed at eliminating local price distortions. With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt’s General Authority for Supply Commodities (GASC) has been diversifying its purchasing methods. It recently

Photo: File

Australia looking at record wheat, canola crops

Near-record winter crop output expected

MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of


(File photo by Dave Bedard)

Speculative short position grows in canola

Managed money still net long in soybeans

MarketsFarm — Speculators in the ICE Futures canola were busy liquidating long positions and adding to the short side of the market during the last week of November. That’s caused the net short position to grow to its largest level in two months, according to the latest Commitments of Traders (CoT) report compiled by the

‘In the long run, commodity grain prices tend to gravitate toward the lowest cost, most efficient group of producers. But in the short and medium terms, a lot can and will happen…’

Watching patterns of grain pricing

Have grain prices reached a new trading range, or will they come down?

Economics, investor sentiment and trader psychology are all popular buzzwords that try to explain human nature, but they are nothing new. They have been around as long as humans, markets and trade have been around. They are all just another way of trying to figure out what the heck is going on. The study of


CBOT March 2023 soft red winter wheat with 20-day moving average (dark green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat rises on short-covering, China optimism

Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down

Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions

Trade still needs to jump through the final hoop on 2022 yields in January, often challenging in the case of corn.

Opinion: January supply and demand numbers can be hit or miss

What happens to U.S. corn, soy yields in January, and can analysts nail them?

Reuters – Analysts underestimated U.S. corn and soybean yields ahead of the U.S. Department of Agriculture’s November supply and demand update, though the increases from last month were slight and rumoured to be likely anyway. But the trade still needs to jump through the final hoop on 2022 yields in January, often challenging in the


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

U.S. grains: Wheat inches higher on hopes China will ease COVID-19 measures

Corn slips on export demand concerns

Winnipeg | Reuters — Chicago wheat finished slightly higher on Tuesday after the previous day’s three-month low, as investors saw hope that China would ease measures to counter COVID-19 infections after rare protests in the country unsettled markets a day earlier. Soybeans also gained on optimism about China, but corn dipped over concerns about export

The impact of climate change is already being seen, says a wheat breeder with Agriculture and Agri-Food Canada. Weather data shows rising temperatures, and in many areas, considerably less rainfall.

The quest for drought-tolerant wheat heats up

A hotter, drier future looms but breeding for drought tolerance is a complicated business

Glacier FarmMedia – The push to breed drought-resistant wheat has taken on new urgency as dry times become more common and more severe. “Drought is big on everybody’s minds these days,” said Harpinder Randhawa, a wheat breeder with Agriculture and Agri-Food Canada’s Lethbridge research centre. “Especially in Western Canada, we rely heavily on the natural water availability of rainfall.” Droughts are forecast to