The Minneapolis Grain Exchange shattered its daily trade volume record on Tuesday, as traders responded to dry conditions and lower-than-expected crop ratings for U.S. spring wheat. MGEX reported 33,453 contracts traded on Tuesday — a 23 percent increase over its previous record of just over 27,000 in a day. The September spring wheat futures contract… Read More

Statistics Canada published its annual pre-seeding acreage estimates on Thursday morning. As expected, the planting intentions survey showed Canadian farmers plan to seed more wheat, oats and barley and less canola and soybeans than in 2014  (see chart.) There were some surprises in the report, as the canola acreage projection of 19.4 million acres was almost… Read More