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CBOT December 2022 soft red winter wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat retreats after nearing three-month high

USDA reported lower-than-expected corn stocks Friday; soy harvest progress exceeds expectations

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Chicago | Reuters — Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said. The setback in wheat futures came after a reduced official estimate of the U.S. harvest and heightened tensions in the Ukraine war put renewed attention on global […] Read more
Signage outside a Tweed cannabis store in Winnipeg’s Osborne Village, roughly 60 metres west of the high-density neighbourhood’s Tokyo Smoke store. (Dave Bedard photo)
Crops

Pot producer Canopy Growth to shed retail stores

Company working on 'path to profitability'

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In full cost-cutting mode, Canadian cannabis producer Canopy Growth Corp. is set to shed a significant chunk of its vertical integration model by selling off the retail pot shops it owns across the country. Smiths Falls, Ont.-based Canopy announced Sept. 27 it has an agreement in place with OEG Retail Cannabis — already the owner/operators […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Weaker loonie underpins bids

U.S. wheat futures down on week

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MarketsFarm — Spring wheat bids in Western Canada strengthened during the week ended Thursday, as sharp declines in the Canadian dollar boosted basis levels and more than made up for the bearish influence of softening U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $4.10-$5.40 per tonne […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat soars on new data, Russia’s annexation move

Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks

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Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
(File photo)
Crops, Forages

Manitoba to cut Crown forage lease rates

Previous years' forage conditions a factor, province says

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The rents paid by Manitoba producers using Crown lands to produce perennial forages will be cut in half next year and by smaller amounts the following two years. Provincial Ag Minister Derek Johnson on Wednesday announced the forage lease rent on agricultural Crown land will be reduced by 50 per cent in 2023, 33 per […] Read more
(Leonid Eremeychuk/iStock/Getty Images)
Crops, Reuters

U.S. trade commission sues pesticide makers, alleging price scheme

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Washington | Reuters — The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high. The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia’s invasion of […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm on exports, mixed harvest results

CBOT wheat eases after earlier gains; Russia's annexation plans in focus

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Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Fruit/Vegetables, Reuters, Weather

Hurricane Ian to worsen bleak outlook for U.S. orange juice industry

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New York | Reuters — Hurricane Ian is likely to have worsened what was already expected to be the smallest U.S. orange crop in 55 years after it blasted through a large fruit producing area when it passed through Florida this week, flooding farms and causing oranges to drop from trees. Precise information on losses […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Prairie barley market still strong

Availability of trucks remains an issue

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MarketsFarm — The feed barley market remains strong despite the influx of freshly harvested supplies, with little competition from other feed sources. “The markets have been coming up steadily, with what feels like no harvest pressure,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “People were hoping the market would get lower and […] Read more

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