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File photo of a Wyoming corn crop. (RiverNorthPhotography/iStock/Getty Images)
Barley, Crops, Markets

Feed weekly outlook: Market steady in face of harvest, U.S. corn imports

Imports weigh on domestic barley values

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MarketsFarm — The feed grain market in Western Canada is holding reasonably steady as harvest operations progress and corn imports continue to come up from the United States. Anecdotal harvest reports were varied so far, with surprisingly positive results from some growers and others who missed out on showers ending up with lower yields, according […] Read more
File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)
Corn, Crops, Reuters

U.S. escalates Mexico corn trade spat with dispute panel request

Canada 'considering its next steps'

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Washington | Reuters — The United States on Thursday escalated its objections to Mexico’s curbs on genetically modified corn imports, requesting a dispute settlement panel under the North American trade pact, the U.S. Trade Representative’s office said. The request to send the dispute to arbitrators was announced after formal consultations failed to resolve deep divisions […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans advance on hot, dry forecast

Corn overcomes pressure over Mexico spat

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Chicago | Reuters — Chicago Board of Trade soybean futures approached a two-week high on Thursday on concerns that hot, dry weather in forecasts could reduce the upcoming U.S. harvest. The U.S. has little room for crop losses due to unfavourable weather because the government already projects tight soybean supplies, analysts said. Some worries over […] Read more
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Crops, Markets, Reuters

CBOT weekly outlook: Wheat, corn likely to trend downward

Weather to steer soybean values

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MarketsFarm — Wheat and corn on the Chicago Board of Trade are likely to fall back in the coming weeks, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. Soybeans, meanwhile, could go either way, he said, depending on the severity of upcoming weather conditions. Reilly commented that the December Chicago wheat contract […] Read more
Commercial vessels –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

U.S. says working to identify alternative paths for Ukraine grain

Danube grain facilities attacked overnight

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Washington | Reuters — The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State Department deputy spokesperson Vedant Patel […] Read more
CBOT December 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn up off low on weather, Black Sea tensions

Ukraine reports Russian attack on grain storage facilities

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Chicago | Reuters — Chicago Board of Trade corn futures rose on Wednesday as the market recovered slightly after improved U.S. crop conditions and concerns about China’s economy pushed prices to their lowest level since December 2020. Soybean futures also rebounded from a slide on Tuesday. The gains reflected uncertainty about the size of upcoming […] Read more
Chickpea curry. (Modesigns58/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea market neither bullish nor bearish

Market players awaiting harvest

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MarketsFarm — Hot and dry growing conditions earlier in the growing season cut into Canada’s chickpea yields in 2023-24, but quality should be good if the weather co-operates through the harvest. Canadian farmers planted 315,600 acres of chickpeas in 2023, which was well above the 233,800 acres seeded the previous year, according to Statistics Canada […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures touch 2020 low on improved crop ratings

U.S. soybean crushings set record in July

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Chicago | Reuters — Chicago Board of Trade corn futures tumbled on Tuesday to their lowest level since 2020 after a weekly report from the U.S. government showed better-than-expected crop conditions. Soybean futures also slid on improved U.S. crop ratings, while wheat reached its lowest level in more than two months. A risk-averse sentiment across […] Read more
CBOT September 2023 soft red winter wheat with 20-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat down as traders shrug off Russian warning shots

CBOT soybeans close higher

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Chicago | Reuters — Chicago Board of Trade wheat futures set a two-month low on Monday on increasing estimates for Russia’s production and exports, analysts said, shrugging off a Russian warship firing warning shots at a cargo ship on its way to Ukraine. Corn futures finished near unchanged after matching a recent low from 2021, […] Read more

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