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A farmer in China piles wheat. Photo: Reuters/File
Markets, Spring Wheat

China top destination for Canadian wheat through two months

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MarketsFarm – China was the main destination for Canadian wheat through the first two months of the 2022/23 (Aug/Jul) marketing year, according to the latest trade data from Statistics Canada. Canada exported 534,000 tonnes of wheat to China in August and September, accounting for about 20 per cent of Canada’s total wheat exports-to-date. Japan, Bangladesh […] Read more
Photo: File
Cereals, Markets

Feed weekly outlook: Tight logistics underpinning Prairie feed market

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MarketsFarm – Canada’s barley crop may have improved considerably in 2022 compared to 2021’s drought-stricken crop, but the logistics of getting that grain to Alberta’s feedlot alley are keeping prices well supported. Canada grew 9.4 million tonnes of barley during the 2022 growing season, which was up by 35 per cent from the previous year. […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

U.S. grains: Soybeans end lower, halting win streak; corn, wheat also slide

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Chicago | Reuters – U.S. soybean futures closed lower on Thursday, pausing after a seven-session climb as lackluster U.S. export sales and macroeconomic worries weighed on prices, traders said. Corn and wheat also declined, with a sharply higher dollar hanging over the grain complex. Chicago Board of Trade January soybeans SF3 settled down 17 cents at $14.37 […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

Canada’s exports rise in September as wheat volumes rebound

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Ottawa | Reuters – Canada’s exports rose in September, largely driven by better wheat volumes and prices, while imports were also up, with both import and export values impacted by the depreciation of the Canadian dollar, Statistics Canada said on Thursday. The country’s trade surplus with the world widened to C$1.14 billion ($827.4 million) in […] Read more
Photo: Thinkstock
Corn, Markets, Reuters

Brazil moves closer to China corn exports as Beijing approves traders

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Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier. […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Wheat slumps as Russia says it will resume Black Sea grain deal

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Paris/Chicago | Reuters – Wheat futures plummeted from Chicago to Europe on Wednesday after Russia said it would resume its participation in a deal to export grain from war-torn Ukraine, a reversal of its weekend decision to pull out of the deal in a move that had sent wheat futures surging higher. Corn followed wheat lower on the Black Sea […] Read more
“It’s pretty hard to digest, but I still say Russia needs money. They don’t want to stop any grain shipments that they can…” says one Illinois commodity trader. Photo: MaxZolotukhin/iStock/Getty Images Plus
Crops, Markets

CBOT weekly outlook: Russian flip-flop upsets markets, little change after Fed announcement

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MarketsFarm – A pair of announcements affected the Chicago Board of Trade by different magnitudes on Nov. 2. Four days after Russian officials said the country was pulling out of an agreement to allow Ukrainian grain shipments on the Black Sea, the Russian government announced on Nov. 2 it changed its mind and will re-enter […] Read more

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