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Then-federal Agriculture Minister Gerry Ritz (second from right) announces G3’s plan to take a majority stake in CWB in April 2015 in Winnipeg. (Dave Bedard photo)
Crops

Farmers’ CWB class action lawsuit gets certified

Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board

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A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the […] Read more
CBOT May 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn firm ahead of WASDE

Wheat down, but supported by winter crop stress

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Chicago | Reuters — Chicago Board of Trade soybean futures climbed on Thursday, bolstered by eroding South American production and steady U.S. export sales. CBOT wheat and corn futures eased ahead of the U.S. Department of Agriculture’s monthly global supply and demand report due Friday, expected to reflect the potential impact of the war in […] Read more
CBOT May 2022 soybeans (candlesticks) with 10-, 20- and 50-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soybeans, corn consolidate

CBOT wheat mixed pending sanctions

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Reuters — Chicago soybeans and corn eased on Wednesday, consolidating after two days of gains, as traders watch U.S. weather and planting, while wheat traded mixed pending further sanctions against Russia following reports of civilian deaths in Ukraine. The most-active soybeans on the Chicago Board of Trade (CBOT) eased 11-1/2 cents to $16.19-1/2 a bushel […] Read more
CBOT May 2022 wheat (candlesticks) with 20-day moving average (black line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat firmer on U.S. crop conditions’ decline

CBOT corn, soybeans also gain

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Chicago | Reuters — Chicago wheat climbed on Tuesday as worse-than-expected U.S. crop conditions added to global supply concerns already heightened by Russia’s invasion of Ukraine. Corn and soybeans were also higher, bolstered as U.S. growers weigh last-minute planting decisions. The most active wheat contract on the Chicago Board of Trade (CBOT) ended 35 cents […] Read more
CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Ukrainian export woes support markets

U.S. winter wheat 30 per cent good-excellent

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Chicago | Reuters — U.S. wheat, soybean and corn climbed on Monday, underpinned by disrupted supplies of Black Sea grains as the conflict in Ukraine continues, while attention shifts to U.S. production. Chicago Board of Trade most-active wheat ended 25-3/4 cents higher at $10.10-1/4 a bushel (all figures US$). Soybeans added 19-1/2 cents to $16.02-1/4 […] Read more
Dmitry Medvedev in Moscow’s Red Square on June 24, 2020. (File photo: Reuters/Maxim Shemetov)
Crops, Markets, Reuters

Putin ally warns agriculture supplies could be limited to ‘friends’

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Reuters — One of Russian President Vladimir Putin’s allies warned on Friday that Russia, a major global wheat exporter, could limit supplies of agriculture products to “friendly” countries only, amid Western sanctions imposed on Moscow over the Ukraine crisis. Dmitry Medvedev, who served as president from 2008 to 2012 and is now deputy secretary of […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Peace talks, USDA report pull on wheat futures

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MarketsFarm — While peace prospects in Ukraine brought pressure onto wheat futures early on, a U.S. Department of Agriculture report caused the prices for two major western Canadian wheat varieties to close at different levels for the week ended Thursday. On the Chicago Board of Trade (CBOT), wheat futures declined when talks between Russia and […] Read more

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