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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: durum soars as red spring falls back

Steep increases following Russian attacks on Ukrainian ports were gone by mid-week

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MarketsFarm – There were sharp increases in durum across Western Canada for the week ended July 27, while spring wheat incurred small to moderate declines. There were gains in Minneapolis spring wheat, while Kansas City and Chicago winter wheat contracts slipped back. At the beginning of the week there were steep increases for wheat as […] Read more
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Cereals, Corn, Crops, Livestock, Markets

Feed weekly outlook: wheat, barley prices still on the rise 

Demand for feed grains on the quiet side as feedlots order more United States corn says analyst

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Marketsfarm – Variable crop conditions in Alberta and Saskatchewan are contributing to rising feed grain prices on the Prairies just weeks away from harvest.  Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta., said while conditions in the northern half of Alberta are good in some places, areas around Red Deer and parts […] 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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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
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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
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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
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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
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
Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)
Crops, Markets, Reuters

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

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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

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