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Prairie cash wheat: Bids up with strong gains in U.S. markets

MarketsFarm — Bids spiked for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR), and durum (CWAD) wheats in Western Canada for the week ended Thursday. Steep increases in U.S. wheat futures supported values, as did a lower Canadian dollar which lost more than a half cent. Average CWRS (13.5 per cent protein) wheat […] Read more

MGEX September 2021 wheat (candlesticks) with 20-day moving average (black line), CBOT and K.C. September 2021 wheats (green and yellow lines) and CBOT December 2021 corn (orange line). (Barchart)

U.S. grains: Wheat futures rally after U.S. slashes harvest estimates

Agency raises U.S. corn crop forecast from June

Chicago | Reuters — U.S. wheat futures climbed on Monday on lower-than-expected production estimates for domestic crops damaged by searing weather and drought, analysts said. Corn and soybean futures also jumped. The U.S. Department of Agriculture, in a monthly report, slashed its harvest outlook for spring wheat other than durum by 41 per cent from […] Read more


CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soy futures rebound on declining crop condition

Forecast rain has eased U.S. corn yield fears

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that will be in the key […] Read more

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Prairie cash wheat: Spring wheat bids spike

Durum bids up moderately

MarketsFarm — Wheat bids in Western Canada for the week ended Thursday spiked sharply for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while gains for Canada Western Amber Durum (CWAD) were much more subdued. Steep increases in U.S. wheat markets supported values — as did the Canadian dollar, by losing […] Read more



CBOT November 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Corn, soy mixed ahead of plantings, stocks reports

Canadian farmers expand canola acres

Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more


CBOT December 2021 corn with 20- and 100-day moving averages (blue and dark green lines) and MGEX, CBOT and K.C. September 2021  wheats (black, yellow and orange lines). (Barchart)

U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains

MGEX September wheat also climbs

Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more

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Prairie cash wheat: Drought sends bids higher

U.S. July wheat futures up on week

MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more


CBOT December 2021 corn (candlesticks) with 20-day moving average (yellow line) and MGEX, CBOT and K.C. September 2021 wheats (black, green and orange lines). (Barchart)

U.S. grains: Court ruling, rains pressure corn, soy

CBOT wheat down, MGEX spring wheat up

Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more

CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soybean futures fall after rain

Chicago corn, wheat futures both mixed

Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities. […] Read more