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CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy sags on recession fears, firm dollar

Corn inches higher, wheat down on day

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Chicago | Reuters — U.S. soybean futures ended down about one per cent on Wednesday on macroeconomic worries as the dollar bounced and brokers awaited more information on the size of the U.S. harvest, analysts said. Wheat futures closed lower after a choppy session but corn eked out a higher close as traders awaited fresh […] Read more
(Keshin/iStock/Getty Images)
Crops, Markets

Quinoa production improves in 2022-23

Yields swing closer to average level

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MarketsFarm — Compared to last year, Canada’s 2022-23 quinoa harvest has significantly improved, with yields exceeding expectations, according to Michael Dutcheshen of Saskatoon-based NorQuin. “Last year was a tough year for Canadian farmers for all crops, with quinoa no exception. This year is looking a lot more positive. We seem to have missed the hot […] Read more
ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, purple and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rising canola prices hit a one-day thud

"There's a day where we need to take a pause"

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MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
Fresh bread in Egypt. (Goldream/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat

Egypt’s private sector wheat imports stall due to dollar shortage

"We are in the red zone"

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Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy rise on broad commodities strength

Chicago December wheat dips

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Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat retreats after nearing three-month high

USDA reported lower-than-expected corn stocks Friday; soy harvest progress exceeds expectations

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Chicago | Reuters — Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said. The setback in wheat futures came after a reduced official estimate of the U.S. harvest and heightened tensions in the Ukraine war put renewed attention on global […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat soars on new data, Russia’s annexation move

Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks

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Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
(Leonid Eremeychuk/iStock/Getty Images)
Crops, Reuters

U.S. trade commission sues pesticide makers, alleging price scheme

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Washington | Reuters — The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high. The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia’s invasion of […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm on exports, mixed harvest results

CBOT wheat eases after earlier gains; Russia's annexation plans in focus

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Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Prairie barley market still strong

Availability of trucks remains an issue

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MarketsFarm — The feed barley market remains strong despite the influx of freshly harvested supplies, with little competition from other feed sources. “The markets have been coming up steadily, with what feels like no harvest pressure,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “People were hoping the market would get lower and […] Read more

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