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CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT corn, soy, wheat fall on bearish weather

U.S. soy planting seen at near-record pace

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures dropped on Tuesday, under pressure from a fast pace of planting across key production areas of the U.S. Midwest and an outlook for good growing weather once seeding is finished, traders said. Soft red winter wheat futures also weakened, with the benchmark CBOT […] Read more
(Gassen/iStock/Getty Images)
Crops, Markets, Reuters

Canada will not be intimidated by China retaliation, Trudeau says

China seen as 'more sensitive about food security' now, CAPI says

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Ottawa | Reuters — Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. Ottawa expelled Chinese diplomat Zhao Wei on Monday over allegations related to foreign interference, and hours later, China asked a Canadian diplomat in Shanghai to leave by Saturday in […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Canola fund short position grows

Funds also net short in U.S. wheats

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MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net […] Read more
(Dave Bedard photo)
Crops, Markets

Canada’s expected flax area smallest since 1950

Other commodity prices outperforming flax

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MarketsFarm — Blue flowery fields of flax will be fewer and farther between in Western Canada, according to Statistics Canada’s (StatCan) first survey-based seeding intentions report for 2023-24. In a report released late last month, StatCan projected only 689,000 acres of flaxseed to be planted this spring, an 11.6 per cent decrease from the year […] Read more
Photo: File
Crops, Weather

Rain, drought highlight different growing areas

Eastern Prairies to see improved rains

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MarketsFarm — Depending on which region you’re in, you could be stuck in a severe drought or facing rains that will help alleviate that dryness or push back when fields should be dry enough to begin spring planting. That’s the assessment from Drew Lerner, president and senior agricultural meteorologist at World Weather Inc. at Overland […] Read more
CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy dips, corn flat as planting progresses

No agreement yet to extend Ukrainian export shipping

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Mexico City | Reuters — Chicago soybeans ended down and corn was flat on Monday, as U.S. planting progressed ahead of last year and uncertainty over whether Ukraine’s safe shipping agreement for grain exports will be extended with the deal set to expire on May 18. Corn, one of the crops exported out of Ukraine, […] Read more
A CNH Industrial building in Turin, Italy. Photo: Reuters/ Massimo Pinca/File
Crops, Machinery, Markets, Reuters

CNH raises revenue guidance on robust tractor demand

Price increases support profit margins

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Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per […] Read more
K.C. July 2023 hard red winter wheat with 20-day moving average and Minneapolis July 2023 hard red spring wheat (yellow line). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: U.S. futures lift spring wheat bids

Durum prices down on week

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MarketsFarm — Western Canadian spring wheat bids were the beneficiaries of rising U.S. futures prices for the week ended Thursday. Wheat futures on the Chicago Board of Trade (CBOT) were under pressure early in the week due to healthy yet ineffective rains over wheat-growing areas in the U.S. The U.S. Department of Agriculture raised the […] Read more
CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains end week up as no new Black Sea ships authorized

Markets also have eye toward U.S. crop report

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Mexico City | Reuters — Chicago grains and soy ended the week higher on Friday as hopes dimmed for the renewal of a U.N.-brokered deal allowing the safe Black Sea exports of Ukraine grain. Ukraine, Russia, Turkey and the United Nations failed to reach an agreement to authorize any new vessels to carry out Black […] Read more
Photo: File
Barley, Crops, Markets

Feed weekly outlook: Futures pressure Canadian prices

Some buyers still seeking coverage

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MarketsFarm — Prices for feed grains in Western Canada continue to ease off, but seasonal activity isn’t the only reason contributing to the declines. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said futures markets are also playing their part in pressuring feed grain prices. “Especially with the wheat markets due to […] Read more

Canadian Cattlemen Presents: Depth of Field

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