Insights and Stories on Wheat

Fund short position hits six-month low in canola

Jul. 10, 2023 at 3:48 pm CDT

MarketsFarm — The speculative short position in ICE Futures canola fell to its smallest level in six months at the beginning of July, as fund traders covered short positions and put on some new longs. That’s according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading […]

Prairie cash wheat: Weather, rising futures lift bids

Jul. 10, 2023 at 3:35 pm CDT

By Adam Peleshaty

U.S. grains: Soybeans, corn drop on improved crop weather

Jul. 7, 2023 at 3:03 pm CDT

By Karl Plume

U.S. acres surprise, Prairie acres parched

Jul. 7, 2023 at 2:43 pm CDT

U.S. grains: Corn firms on technicals, short-covering

Jul. 6, 2023 at 6:27 pm CDT

By Karl Plume

Feed weekly outlook: Falling corn prices not spurring new demand

Jul. 6, 2023 at 4:36 pm CDT

MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on […]

By Adam Peleshaty

U.S. grains: Wheat surges on slow harvesting, poor crop conditions

Jul. 5, 2023 at 5:37 pm CDT

Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week lows. The wheat rally pulled corn up from 2-1/2-year lows despite expanded plantings and recent rains that lessened concerns about […]

By Karl Plume

U.S. grains: Soybeans rally on supply worries

Jul. 3, 2023 at 5:28 pm CDT

Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures on Monday rallied for a second consecutive session, following a shockingly low plantings estimate from the U.S. Department of Agriculture (USDA) on Friday. Corn futures eased at the start of this holiday-shortened week, remaining at a 2-1/2 year low, […]

By P.J. Huffstutter

U.S. grains: Soy soars after USDA slashes plantings estimate

Jun. 30, 2023 at 7:28 pm CDT

Chicago | Reuters — U.S. soybean futures surged about six per cent on Friday after the U.S. Department of Agriculture (USDA) reported much lower-than-expected 2023 soy plantings and June 1 inventories, while corn futures tumbled on larger-than-expected acreage. Wheat futures fell in sympathy with corn, despite a smaller-than-expected quarterly wheat […]

By Julie Ingwersen

Prairie cash wheat: Canadian bids drop with U.S. futures

Jun. 30, 2023 at 4:38 pm CDT

MarketsFarm — Spring wheat bids in Western Canada dropped sharply during the week ended Thursday, as a selloff in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $23.50-$25.40 per tonne across the Prairies, according to price quotes from […]

By Phil Franz-Warkentin