
Wheat

U.S. grains: Cheap Brazilian soybeans destined for U.S.
U.S. weather, Ukrainian exports also in focus
Mexico City | Reuters — U.S. soybean futures closed the week down on Friday, extending losses as cheap Brazilian beans were being snatched up by the U.S., the second-largest soy producing country in the world. A drop in prices due to abundant local supplies and cooling demand have made Brazil an attractive origin for soybeans, […] Read more

Feed weekly outlook: Quiet times appear to be ahead
Significant weather event would maybe move prices
MarketsFarm — As feed grain prices on the Canadian Prairies remain relatively stable, the market appear to be “moving to a quiet summer,” according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “Demand remains neutral to weak, and farmers are holding on to their grain that’s left in the bin,” Motz explained, noting feedlots […] Read more

U.S. grains: Chicago grains down on export data, weather
EU transit plan, Black Sea inspections temper Ukraine fears
Reuters — Chicago grains closed lower Thursday on lower-than-expected U.S. soybean export sales data, and favourable weather that would allow for planting to accelerate in the Midwest farm belt. Grains prices were also impacted by crude oil falling. The U.S. Department of Agriculture said soybean weekly export sales totalled 103,000 tonnes, below forecasts. “Export sales […] Read more

U.S. grains: Chicago futures dip as Ukraine inspections resume
Planting windows seen in U.S. despite rain forecasts
Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces […] Read more

CBOT weekly outlook: Weather, demand affect grain prices
Wheat 'up and down' on Black Sea uncertainty
MarketsFarm — Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as […] Read more

Less wheat expected in Kazakhstan in 2023-24, despite same acres
Soil moisture loss expected in wheat-growing regions
MarketsFarm — As the 2022-23 crop year in Kazakhstan begins to wind down, the U.S. Department of Agriculture (USDA) attaché in the country’s capital of Astana estimated its wheat production at 16.4 million tonnes. Should that forecast hold, the attaché’s report noted it would be the largest wheat harvest since 2017-18. However, going into the […] Read more

U.S. grains: Chicago grains flat or higher on Ukraine concerns
Rains expected to cause U.S. planting delays
Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more

U.S. grains: Chicago soybeans up on major U.S. crush
USDA says winter wheat at 27 per cent good or excellent condition
Mexico City | Reuters — Soybean futures gained following strong U.S. crushing data on Monday, while wheat and corn also closed higher after several eastern European countries banned grain and other food imports from Ukraine, casting further doubt on Ukrainian exports. Members of the National Oilseed Processors Association (NOPA) said the U.S. soybean crush jumped […] Read more

Prairie cash wheat: Stronger loonie sends bids down
U.S. wheat futures also down on week
MarketsFarm — A rising Canadian dollar helped lower western Canadian wheat bids for the week ended Thursday despite an array of supportive factors. As the central and southern U.S. Plains deal with severe drought in winter wheat-growing areas, a large snowpack in the northern Plains threatens to delay spring wheat seeding by a few weeks. […] Read more

U.S. grains: Corn continues climb, closes higher for fourth week
Traders watching cooler weather in U.S. southern Plains
Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The […] Read more