
Crops

U.S. grains: wheat soars daily limit as Russia attacks Ukrainian grain ports
E.U. further reduces crop forecast, USDA ratings for soybean and spring wheat declines
Chicago | Reuters – U.S. wheat futures surged 8.6% on Monday, rising their daily maximum at the Chicago Board of Trade (CBOT) after Russia attacked Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses. The attacks targeted a vital export route for Kyiv in an expanding air campaign that Moscow began […] Read more

U.S. Grains: wheat futures drop, corn weak, soybeans mixed
Market going "from forecast to forecast" says expert
Chicago | Reuters – U.S. wheat futures dropped 4.1 per cent on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers. Corn futures also were weaker, pressured by forecasts that showed more rain and cooler temperatures in […] Read more

Federal and provincial ag ministers meet in Fredericton
Environmental issues remain a hot topic for provincial agriculture ministers. That and sustainable agriculture dominated discussions during the recent federal, provincial and territorial (FPT) agriculture ministers meeting in Fredericton, N.B. The annual conference was held from July 19-21. The focus on sustainable agriculture tracks, as this is the first time the ministers have met since […] Read more

Fund position flips to net long in canola
The last time the market was showing a net long position was the first week of January
MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity […] Read more

AAFC lowers Canadian wheat ending stocks estimates
Drop in estimated oats carryout another notable adjustment
MarketsFarm – Canadian wheat ending stocks for both the current marketing year and 2023/24 (Aug/Jul) were revised lower by Agriculture and Agri-Food Canada’s market analysis division in its updated supply/demand estimates, released July 21, with tighter oats and pulse stocks also expected. Wheat ending stocks for 2022/23 were lowered to 3.540 million tonnes by AAFC, […] Read more

At Ag in Motion: World may face wheat shortage this year
An analyst says millers should be getting antsy
Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, an analyst says. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply-side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all-wheat production, well below the […] Read more

At Ag in Motion: Combine settings app makes the world your neighbour
'Oh, have you tried this concave?'
Trevor Scherman and partner Megan Madden are making it easy for farmers to connect during harvest time to get the best settings for their combines. It’s an idea that Scherman says arose from the same philosophy as the ScherGain Solutions System he previously co-founded with his father. That system involves the use of a drop […] Read more

At Ag in Motion: Farmers gung-ho about digital integration system
'Having a single data point... was number one for us'
For a committed user of the Climate FieldView digital integration system, Mike Ferguson had an unusual observation about himself. “I’m not a big technology guy,” said Ferguson, who with his wife Regan farms 3,000 acres at Melfort, Sask. But for him, using the various data-based management tools available in farming today isn’t just helpful, but […] Read more

At Ag in Motion: Herbicide resistance fight needs integrated seed management
'Those seedlings we don’t manage to kill (are) probably the most herbicide-resistant'
Harvest weed-seed control takes aim at reducing herbicide-resistant weeds that western Canadian farmers find more and more every year. At the Ag in Motion outdoor farm show this week, field residue management manufacturer Redekop won the Innovations Award for Environmental Sustainability for its harvest Seed Control Unit, which destroys more than 95 per cent of […] Read more

U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower
Wheat futures had risen in four of the previous five sessions
Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five […] Read more