CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Rising Russia-Ukraine tensions stoke rallies

Most-active CBOT wheat books biggest daily jump in 3-1/2 years

Chicago | Reuters — Chicago Board of Trade wheat futures surged six per cent on Tuesday in the steepest daily jump in 3-1/2 years while corn rallied three per cent on worries that an escalating conflict between Russia and Ukraine could disrupt grain flows from the key Black Sea export region. Soybeans climbed to a



One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

World soybean output, stocks estimates chopped

MarketsFarm — Downward revisions to soybean numbers stand out the most in February’s grain market report from the International Grains Council (IGC). Otherwise, the monthly estimates have minor alterations. The IGC cut its forecast on 2021-22 global soybean production by four per cent from its January report, bringing its projection to 353.1 million tonnes. The


CBOT March 2022 wheat (candlesticks) with 20-m 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Wheat rises on Ukraine-Russia tensions

Corn, soybean futures end firm

Chicago | Reuters — U.S. wheat futures rose 2.2 per cent on Thursday, supported by rising tensions between Ukraine and Russia and expectations that war between the two export countries could improve demand for U.S. supplies, traders said. Soybeans and corn futures closed in positive territory after trading both sides of unchanged, with concerns about




CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans ease on South American rainfall

Wheat underpinned by Black Sea supply worry; corn adds on strong export inspections

Chicago | Reuters — Chicago soybeans fell on Monday, pressured by rainfall in parts of South America that could refresh parched crops as Argentina and southern Brazil near harvest. CBOT corn and wheat ended higher after earlier losses, with corn underpinned by strong export inspections and wheat weighing tensions between Russia and Ukraine that could


“We ended up overall with a very high-quality crop with high protein levels. ” – Derek Bunkowsky.

New crop mission answered drought-related questions

Customers wanted to know about the quality and quantity of wheat after a tough growing season

Rationing of wheat and durum, protein-related issues, but overall a good-quality crop. That was what international buyers were told to expect during Cereals Canada’s virtual new crop missions in late 2021. In a webinar on January 17, Cereals Canada staff, farmer representatives and experts summarized what they said to, and what they heard from, customers

A 77-year-old woman looks out her door in the rebel-controlled area of the Zaitseve settlement in Ukraine’s Donetsk region on Jan. 28. She is among few other people who still live in a village divided by a line of separation between pro-Russian rebels and Ukraine’s armed forces.

Russia-Ukraine tensions influence wheat prices

North America’s weather also remains a factor

Sabre-rattling over a possible invasion of Ukraine by Russia has bolstered wheat prices, but when the threat of war eased, wheat followed suit — at least for now. It’s abundantly clear Russian President Vladimir Putin has been seeking to expand his country’s influence in an attempt to increase Russia’s status as global superpower. Countries such