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NASS reported winter wheat planting at 96% complete in the USA, compared to 94% l. w. and the 5-yr average pace of 97%. The Crop Progress report showed emergence at 86%, compared to 87% on avg. Quality ratings took an unexpected drop.Analysts were expecting to see ratings hold steady from a week ago, but USDA lowered them by 2 points, with 44% now in gd-to-exc. condition.Another 34% […]

The flooding in British Columbia has washed out the infrastructure (roads and rail lines) that Canada relies on for exports to Asian markets. Exports from the Pacific coast account for one third of Canada’s GDP.  The wheat market is susceptible to shipping delays as Canadian exporters will still export a large portion of the commodity compared to other crops like canola, which will also be supported by domestic crush. The

Canadian wheat prices for FOB delivery West Coast were (Cdn$/mt): – for the N1 class CWRS 13.5% – $539.28, up $11.54 per tonne; – for the N2 class CWRS 13.0% – $529.01, up $11.75/t;– for the N3 CWRS – $487.96, up $22.25;– for the N1 CWAD FOB Great Lakes – $856.96, up $11.59 per tonne.(1USD=Cnd$1.2698).US HRS for Dec. ’21 is

US farm markets began this short holiday week with some different bullish actions. Indeed, Chicago corn moved up 1,05%. Soybeans increased 0,87%. Soy meal was a rare negative close, down 0,48%. Soybean oil added 2,15%. CBOT wheat rallied 2,76%. Kansas wheat jumped 3,23%. Minneapolis wheat increased 1,31%. On macro markets, yesterday Brent and WTI both rose

According to the Australian weather bureau, La Nina had developed in the Pacific Ocean for the second year in a row. A low-pressure system early this month dumped 50 to 150 millimetres (2-6 inches) of rain in some parts of the southeast, the highest in years, triggering floods across parts of Queensland and inland New