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Bought rumor, sold fact

Bought rumor, sold fact

Wheat traded lower last week. For the week ending Jan. 15, March Minneapolis lost 22.25 cents, March Chicago lost 31 cents and March Kansas City lost 27.5 cents. As of 10 a.m. Jan. 16, wheat trade was up 5 to 9 cents.

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Soybeans take another leg down

WINNIPEG, Manitoba — The U.S. Department of Agriculture’s January reports were only mildly negative for soybeans, but confirmation of a record American crop combined with a bin-buster developing in South America dropped beans 30 cents on Jan. 12. Corn was mildly bullish.

WASDE: Wheat supply up, corn production down

Oats moving higher

WINNIPEG, Manitoba — Soybean futures had a good run since October — up $1.50 per bushel, including a bump of close to 40 cents Jan. 5. Even more impressive from a Canadian farmer’s perspective, the Canadian dollar sank from 93 cents U.S. to 84 cents since June. That’s a 10 percent boost in Canadian prices.

Waiting for the USDA report

Waiting for the USDA report

Wheat traded lower last week. For the week ending Jan. 8, March Minneapolis lost 2.5 cents, March Chicago lost 14.25 cents and March Kansas City lost 9.25 cents. As of 10 a.m. Jan. 8, wheat trade was between down 4 and up 4 cents.

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Average Farm Prices: Down from last year

The December Prices Received Index for agricultural production is 102 percent of its 2011 base, up 1 percent from the November index and 2 percent higher than the December 2013 index.

Wheat ends the year on a low note

Wheat ends the year on a low note

Wheat traded lower last week. For the week ending Dec. 31, March Minneapolis lost 9.5 cents, March Chicago lost 21 cents and March Kansas City lost 17.75 cents. As of 10 a.m. Jan. 2, wheat trade was down 3 to 12 cents.

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Canola reaching higher

WINNIPEG, Manitoba — We have seen a sizeable rally in U.S. corn, which has spilled over into the wheat and barley markets.

Wheat lower in short week

Wheat lower in short week

Wheat traded higher on the week. For the week ending Dec. 24, March Minneapolis lost 15.25 cents, March Chicago lost 20.75 cents, and March Kansas City lost 22 cents. As of 10 a.m. Dec. 26, wheat trade was between 3 cents lower and 1 cent higher.

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Canola climbing

WINNIPEG, Manitoba — The milling wheat market has a number of risk factors moving forward.

Wheat leads the way

Wheat leads the way

Wheat traded higher on the week. For the week ending Dec. 18, March Minneapolis gained 40.25 cents, March Chicago gained 48.75 cents and March Kansas City gained 49.5 cents. As of 9 a.m. Dec. 19 wheat trade was 6 to 14 cents lower.

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What 2015 will bring

What 2015 will bring

Upper Midwest agriculture is big and diverse. No two years are ever quite the same.

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EU grain to enjoy spoils of Russian export curbs

European Union grain exporters will be the main beneficiaries of Russia’s pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders say.

WASDE: Wheat, corn up

Projected U.S. wheat supplies for 2014 to ’15 are up 10 million bushels for December with higher projected imports. Increased production and higher imports from Canada are expected to add to U.S. wheat supplies.

Lentils steady

WINNIPEG, Manitoba — Lentil markets are moving as well as can be expected, given our deplorable quality. Overseas end users have now received their initial 2014 crop shipments, and they are not impressed. Processors took the flack on this year’s quality.

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