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CBOT December 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX December 2021 spring wheat (dark green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat extends climb on tight U.S. supply

CBOT soy down; corn and oats up

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Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board […] Read more
(Fertilizer Safety and Security Council)
Crops, Weather

Mandated cuts in fertilizer use could be costly for Canada, report warns

Fertilizer industry study, based on EU plan, points to yield losses for corn, canola, wheat

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Straight-up cuts in fertilizer rates — if imposed to help Canada meet its targets for cuts in emissions by the end of this decade — could translate to significantly reduced income for farmers, an industry group warns. Fertilizer Canada, the group representing manufacturers, wholesale and retail distributors for nitrogen, phosphate, potash and sulphur, on Monday […] Read more
(OceanFishing/iStock/Getty Images)
Crops, Markets, Spring Wheat, Weather

U.S. spring wheat crop down sharply in 2021

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MarketsFarm — Spring wheat production in the United States was down sharply in 2021, according to the latest annual small grains report from the U.S. Department of Agriculture. Total spring wheat production was pegged at 9.01 million tonnes by the government agency, down 44 per cent from the 15.99 million tonnes grown the previous year. […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

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MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Prices rise as worldwide stocks fall

U.S. December wheat futures up on week

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MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply cuts

Corn inches higher as U.S. crop ratings decline

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Chicago | Reuters — Chicago wheat futures firmed two per cent on Tuesday, strengthened by global supply concerns amid strong demand, while a weaker U.S. dollar supported U.S. trade. Corn inched higher after a weekly decline in U.S crop conditions reported by the U.S. Agriculture Department (USDA). Soybeans traded both sides of even before easing […] Read more
MGEX December 2021 spring wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures fall, soybeans rise, corn flat

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Chicago | Reuters — U.S. wheat futures fell on Wednesday, dragged lower by a firmer dollar that threatened to make U.S. supplies less competitive on the export market, traders said. Corn futures steadied after sinking to their lowest in two months early in the day, with bearish harvest expectations limiting any rally attempts. “Corn recovered […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Spring wheat bids mixed, durum jumps

U.S. December wheat futures down on week

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MarketsFarm — Increased worldwide demand for wheat and precipitation across the Prairies have resulted in mixed spring wheat bids for the week ended Thursday. Scattered showers across wheat-growing areas in Western Canada, as well as the ongoing spring wheat harvest, have brought downward pressure on the markets. The rising Canadian dollar also served to lower […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Big jump for durum

U.S. futures, lower loonie supportive for cash wheat bids

By ,
MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while there were sharp increases for Canada Western Amber Durum (CWAD). Gains in U.S. wheat markets supported values, as did a steep drop for the Canadian dollar. Average […] Read more

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