Insights and Stories on Wheat

Hot, dry weather creates ‘significant uncertainty,’ AAFC says

Jul. 20, 2021 at 5:22 pm CDT

MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast […]

U.S. grains: Wheat climbs on deteriorating crop conditions

Jul. 20, 2021 at 5:11 pm CDT

By Christopher Walljasper

U.S. grains: Wheat climbs as drought persists

Jul. 19, 2021 at 4:13 pm CDT

By Christopher Walljasper

U.S. grains: Wheat posts biggest weekly climb in six years

Jul. 16, 2021 at 6:34 pm CDT

By Julie Ingwersen

Prairie cash wheat: Bids up with strong gains in U.S. markets

Jul. 16, 2021 at 5:33 pm CDT

By Glen Hallick - MarketsFarm

U.S. grains: Wheat climbs on stressful northern Plains weather

Jul. 15, 2021 at 5:16 pm CDT

Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn […]

By Julie Ingwersen

CBOT weekly outlook: Inflation another major concern for traders

Jul. 14, 2021 at 4:58 pm CDT

MarketsFarm — While weather has become a primary factor in rising commodity prices over the past week, traders at the Chicago Board of Trade are also paying close attention on inflation. Earlier Wednesday morning, the U.S. Bureau of Labor Statistics announced that the producer price index (PPI) increased by one […]

By Adam Peleshaty

U.S. grains: Corn, soybeans up on weather worries

Jul. 14, 2021 at 4:22 pm CDT

Chicago | Reuters — U.S. corn and soybean futures hit their highest in nearly two weeks on Wednesday as forecasts called for dry weather in the Midwest crop belt next week and continued dryness in the northern Plains, threatening crop prospects, analysts said. Chicago Board of Trade December corn settled […]

By Julie Ingwersen

U.S. grains: Corn up on supply worries

Jul. 13, 2021 at 4:28 pm CDT

Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled […]

By Julie Ingwersen

USDA pegs wheat ending stocks to be lowest since 2013-14

Jul. 12, 2021 at 8:04 pm CDT

MarketsFarm — As the U.S. northern Plains continue to deal with severe drought conditions, the U.S. Department of Agriculture (USDA) has significantly lowered its 2021-22 ending stocks estimates for wheat — especially durum and spring wheat. According to USDA’s monthly world agriculture supply and demand estimates (WASDE) released Monday, 2021-22 […]

By Adam Peleshaty