United States wheat futures rose sharply during the week ended May 15, while corn and soybean futures at the Chicago Board of Trade (CBOT) were in a rangebound, up-and-down pattern.
Wheat
CBOT weekly: Traders watching out for weather concerns
U.S. grains: Soy falls as cooking oil imports excluded from China tariffs
Chicago Board of Trade soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden's administration did not include used cooking oil on a list of tariff increases on Chinese goods.
U.S. grains: Chicago wheat hits 9-month highs on Russian crop losses
Chicago Board of Trade wheat futures rose on Monday, hitting nine-month highs on worries about crop losses in top-exporter Russia after multiple nights of frosty weather in key regions.
U.S. grains: Corn climbs as USDA projects US stocks below expectations
Chicago corn futures advanced on Friday after the U.S. Department of Agriculture (USDA) projected U.S. stockpiles of the grain below market expectations.
Seeding in Alberta ahead of pace
Overall spring seeding of all crops in Alberta was just over 18 per cent complete, according to the province’s first crop report of 2024. The pace was nearly seven points above the five-year average.
Tighter stocks, production in USDA report
The United States Department of Agriculture’s (USDA) May World Agricultural Supply/Demand Estimates (WASDE) released May 10 featured the first production and ending stocks estimates for the 2024-25 marketing year.
How Ontario crops are shaping up so far
OMAFRA Field Crop Report for the week of May 9
Cereals Winter wheat is advanced by 10-14 days in southern Ontario compared to other years, particularly in early planted fields. Fields in Essex are now at the early boot stages. […] Read more
North American soybean prices soften
The U.S. will need to carry the world in corn until late June and July
This month, traders will be focused on the U.S. planting pace and North American weather. Last month, a large portion of Ontario received over 150 per cent of normal precipitation. […] Read more
Prairie Wheat Weekly: Prices mixed at end of tumultuous week
Prices for wheat on the Canadian Prairies were either side of steady by the week ended May 9. There were losses for Canadian Western Red Spring Wheat and Canadian Western Amber Durum, but Canada Prairie Red Spring Wheat incurred increases.
U.S. grains: Wheat climbs as frosts cause state of emergency in Russia
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.