Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
Cereals
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
ADM Q2 profit falls to 5-year low amid trade turmoil
Archer-Daniels-Midland posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins.
U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop
Chicago Board of Trade soybean futures finished flat on Friday but notched a second consecutive weekly decline as ample global supplies, favorable U.S. weather and weak Chinese demand hung over the market.
U.S. grains: Soy futures set April low on good US crop weather, slow China demand
Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.
Rain aids some Saskatchewan crops
Soil moisture largely adequate
There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.
Prairie Wheat Weekly: Cash prices shift either side of unchanged
Declines in U.S. wheat prices, loonie fuel mixed values
Cash prices for spring wheat and durum across the Canadian Prairies saw slight movement either way during the week ended July 31.
Feed Grain Weekly: Rain weakens Alberta prices, rest of Prairies remains firm
Farmers should shop around
Feed grain prices in Alberta moved lower following recent rains, said Susanne Leclerc, owner of Market Master Ltd. in Edmonton. However, she suggested prices could increase prior to the coming harvest.
U.S. grains: Soybean futures extend losses on favorable US weather, weak demand
Chicago Board of Trade soybean futures fell for the fourth consecutive session on Wednesday, dragged down by favourable weather across the U.S. Midwest and sluggish export demand, analysts said.
Changes to Manitoba’s spring wheat: crop report
Canola varies widely
Crops in Manitoba continued to hold up quite well, but the provincial agriculture department reported some variation in the spring wheat over the week ended July 29.
Locusts spread in Ukraine’s south as war disrupts control measures
A massive locust invasion is threatening sunflower and other crops in Ukraine's southern regions, largely caused by the war against Russia's invasion that makes it impossible to use traditional pest control methods, officials and producers say.
Canadian Cattlemen Presents: Depth of Field
