File photo of harvesting near Wymark, Sask., south of Swift Current, on Sept. 8, 2020. (Nancy Anderson/iStock/Getty Images)

Feed weekly outlook: Harvest pressure keeps lid on prices

Domestic prices seen weighing on corn imports

MarketsFarm — As the harvest continued across the Canadian Prairies, pressure kept feed grain prices largely in check, according to Crystal Leitch of Market Master Ltd. in Edmonton. “We don’t see things changing too much because pricing is not what it was. There’s some hope that pricing is going to come back up, whether it […] Read more

CBOT November 2023 soybeans with 20-, 30- and 50-day moving averages. (Barchart)

U.S. grains: Soy futures stumble as trade awaits harvest, crop data

U.S. corn harvesting starts early in some areas

Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4 […] Read more


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

U.S. grains: Soy futures jump as heat, dryness hurt crop more than expected

USDA rates soy, corn crops least good-to-excellent since 2012

Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Wednesday after weekly U.S. government data showed crop conditions deteriorated more than expected during hot, dry weather. Reduced crop ratings fuelled expectations among traders that the U.S. Department of Agriculture may cut its yield forecast in a monthly report due next week. USDA […] Read more

(File photo by Dave Bedard)

Fund long position edges higher in canola

Net long in CBOT soybeans down on week

MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more


File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)

Australian crop estimates adjusted slightly lower

Crop seen down 34 per cent from last year

MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more

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

U.S. grains: Wheat up off three-month low as Australian crop declines

U.S. corn, soy crop ratings fall more than expected

Chicago | Reuters — Chicago Board of Trade wheat futures edged higher on Tuesday, after hitting a three-month low, amid short covering and concerns about dry weather threatening production in export hubs including Australia. Corn futures also rose, while the soybean market eased as traders awaited the start of U.S. harvesting. After the markets closed, […] Read more


(Thinkstock photo)

Prairie cash wheat: Bids, futures take tumbles

Canadian dollar sees slight gain on week

MarketsFarm — Western Canadian wheat bids were lower throughout during the week ended Thursday, with Canada Western Red Spring wheat seeing the largest declines. Statistics Canada (StatCan) released its first model-based production estimates for 2023-24 on Tuesday. Based on data compiled up to July 31, StatCan estimated total Canadian wheat production at 29.472 million tonnes, […] Read more

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

U.S. grains: Wheat dips after earlier strength

Black Sea supplies weigh on market

Chicago | Reuters — U.S. wheat prices reversed earlier gains to close lower on Friday, as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal. Chicago soybeans and corn also climbed after month-end positioning pushed futures lower much of the week and […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Feed barley, wheat prices coming down

Feedlots' use of U.S. corn adds pressure

MarketsFarm — Despite a hot and dry summer across much of the Prairies, prices for feed barley and feed wheat have fallen off over the past month. The high-delivered bid for Alberta feed barley was $8.06 per bushel, $1.42 less than one month ago, according to Prairie Ag Hotwire. Those in Saskatchewan and Manitoba were […] Read more

CBOT November 2023 soybeans with 20- and 50-day moving averages. (Barchart)

U.S. grains: Soybeans end month up on crop stress

Wheat down as global supplies weigh on U.S. prices

Chicago | Reuters — Chicago soybeans fell for a third consecutive session on Thursday, but ended the month higher as recent export activity and fears that dry weather damaged crops lent support. Wheat ended lower after trading both sides of even, pressured by plentiful global supplies. Corn ended the day and the month lower after […] Read more