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Crops, General, Spring Wheat, Winter Wheat

Grain groups find common ground over grading changes

In a rare move, the Wheat Growers and Farmers Union are on the same side of an issue

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Two producer groups ordinarily at the opposite ends of the ideological spectrum have teamed up and come out swinging against proposed changes to wheat grading. The Wheat Growers Association (WGA) and National Farmers’ Union (NFU)have issued a joint statement decrying changes that will take effect August 1 which would see the export grade standard applied […] Read more
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Crops, Markets, Reuters

U.S. grains: Grain, soybean futures slide as investors shed risk

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Chicago | Reuters – Chicago soybean and grain futures turned lower on Thursday, as investors began shedding risk amid signs that the hot weather in the U.S. Midwest this week could be short-lived. Soybean and corn futures both experienced choppy trading, as the U.S. dollar turned higher, analysts said. Soybeans turned sharply lower, as traders […] Read more
(File photo by Lorraine Stevenson)
Canola, Cereals, Crops, Markets

Oilseed crush down, grain deliveries rise in June: StatCan

Canadian grain deliveries reached a three-month high in June

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 Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before.  Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June […] Read more
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Crops, Markets, Reuters

U.S. grains: Corn, wheat slide sharply on promise of rain, yield potential

Soybeans steady to higher, boosted by weak U.S. dollar, export news

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Chicago | Reuters – Chicago corn and wheat futures slid on Wednesday on technical trading and news of a better-than-expected spring wheat forecast in parts of North Dakota, even as a heat wave stretched across the U.S. Midwest and part of the Mississippi Valley, traders said. Meanwhile, soybean futures were steady to higher on the […] Read more
Photo: Thinkstock
Canola, Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

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Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man.  “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview, […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Markets, Reuters

CBOT weekly update: U.S. Fed decision one of many factors 

Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement

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Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures.  The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to […] Read more
An artist’s rendering of the Prairie Crops and Soils Research Facility at the University of Manitoba. Photo: University of Manitoba
Crops, General

Feds, Manitoba pledge $6.4M to ag research facility

The new facility will modernize crop and soil research and training at the University of Manitoba

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The Federal and Manitoba governments have thrown their weight behind development of a facility touted to become Canada’s pre-eminent resource for field crop research. “A great deal of our agriculture industry’s success comes from research and skill development,” said federal ag minister Marie-Claude Bibeau in a news release, Tuesday. Bibeau and Derek Johnson, Manitoba’s minister […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Markets, Reuters

U.S. grains: wheat pares gains after 5-month top; corn, soybeans retreat

The market pulled back from five-month highs as Russia appeared to slow its port attacks

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Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures Wv1 pared gains after setting five-month highs on Tuesday after Russia’s attacks on Ukrainian ports and grain infrastructure raised concerns about long-term global supplies and triggered a round of fund short-covering, analysts said. The wheat market pared gains and even dipped lower at times […] Read more
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Crops, Lentils, Markets, Peas, Pulses

Pulse weekly outlook: recent rains could stabilize crops 

Prices for pulses across Western Canada have been steady

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Marketsfarm – Despite the rain the Canadian Prairies received since July 17, MarketsFarm Pro analyst Mike Jubinville pointed out that the major pulse crop areas got very little.  While any precipitation has been beneficial to this year’s crops struggling with dry conditions, Jubinville said, it won’t help that much.  “In terms of advancing pea and […] Read more
The Bayer AG logo at the headquarters in France. Photo: Reuters/Benoit Tessier/File
Crops, Markets, Reuters

Bayer slashes outlook as glyphosate demand weakens further

Analysts say dry weather conditions hurt farmers' demand for seeds and pesticides

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Reuters – Further deterioration in demand for glyphosate-based weed killers led Bayer BAYGn.DE to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion USD) write-down on glyphosate-related assets. In an unscheduled statement late on Monday, the German drugs and pesticides maker said it was projecting 2023 earnings before interest, taxes, depreciation […] Read more

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