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General, Markets

Strike’s impact on grain movement yet to come

Port workers union, employers reached a tentative agreement Monday morning but backlog likely to linger

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MarketsFarm, Reuters – Despite grain movement at Canada’s West Coast ports not being really affected by the British Columbia port workers strike in July, there’s a good chance for issues to arise in the coming months, according to Mark Hemmes, president of Quorum Corp. “The volume of grain that moved in the last three weeks […] Read more
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Cereals, Crops, Spring Wheat

NFU claims victory for wheat producers after CGC reversal

The changes would've seen the export grade standard applied to deliveries to country elevators

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The National Farmers Union (NFU) is calling a reversal of wheat-grading changes a “tremendous success for farmers,” according to news release, Friday. On Friday morning, the Canadian Grain Commission repealed upcoming grading changes in response to complaints from producer groups. In a news release, the CGC simply stated it was repealing the alignment of primary […] Read more
(Deyana Robova photo/iStock/Getty Images)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hog futures reach one-week high

For beef processors, margins are worsening

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Chicago | Reuters – Chicago Mercantile Exchange livestock futures rose on Friday, with the hog market reaching its highest price in a week as profit margins improved for pork processors. The hog market has turned higher after dropping to a one-week low on Wednesday. Most-active October lean hog futures LHV3 ended up 1.775 cents to […] Read more
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Crops, Markets, Reuters

U.S. grains: grain, soy futures drop on milder US weather, with eyes on Black Sea

Markets have retreated since touching multi-week highs on Monday

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Chicago | Reuters – Chicago Board of Trade grain and soybean futures fell to their lowest prices in more than a week on Friday on hopes that U.S. crop weather will improve and Russia will ease its attacks on Ukraine’s grain facilities, analysts said. Technical selling added pressure to prices. Heading into August, the key […] 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
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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
(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
Photo: File/Allan Dawson
General, Markets, Reuters

EU looks to cover transport costs for Ukraine grain exports by land

About 60 per cent of Ukraine's exports were shipped via solidarity lanes when the Black Sea deal was in operation

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Brussels | Reuters – The European Union is ready to export almost all of Ukraine’s farm produce via “solidarity lanes” and help cover costs after Russia withdrew from a U.N.-backed Black Sea grain deal,  EU agriculture commissioner Janusz Wojciechowski said on Tuesday. Solidarity lanes are rail and road transport connections through EU member states that […] Read more

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