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Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops, Reuters

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a […] Read more
CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (yellow line) and MGEX July 2021 spring wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans mixed as traders eye weather

MGEX wheat down off highs on Prairie rains

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Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect […] Read more
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets, Reuters

Flood risk forces Mosaic to shut Esterhazy potash shaft

Company to restart Colonsay mine

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. said Friday it would immediately cut production at its biggest potash mine due to flood risks, and restart an idled mine to offset some of the reduction. Mosaic’s K1 and K2 mine shafts at Esterhazy, Sask., about 75 km southeast of Yorkton, have long been prone to […] Read more
CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Weather risk adds premium to corn, soy, wheat

Brazil drought set to cut corn crop, hamper river logistics

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Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Rains, lower demand pressure grain bids

Old-crop demand 'not that strong anymore'

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MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down […] Read more
CBOT July 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, gold, green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn ease on inflation fears

Stronger U.S. dollar also pressures prices

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Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop […] Read more
Green lentils. (Savany/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: India’s tariff elimination has little effect on Canada

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MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more
(ChrisBoswell/iStock/Getty Images)
Crops, Markets, Weather

CBOT weekly outlook: Higher spring wheat all about dry North Dakota

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MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of spring wheat in North Dakota […] Read more
CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

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Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high […] Read more

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