CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat hits three-year low

Soybeans, corn drop after U.S. grain data

Reuters — Chicago wheat futures cratered more than six per cent on Friday, hitting a three-year low after U.S. government data pegged wheat production above analysts’ expectations. Soybean futures also closed sharply lower on larger-than-forecast domestic stockpiles, and the drop in both commodities dragged down corn prices. The U.S. Department of Agriculture (USDA) estimated the […] Read more

CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn hits one-month high ahead of USDA data

Chicago soy falls on energy drop; wheat ticks down

Reuters –– Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said. The markets are waiting for the U.S. Department of Agriculture to issue quarterly grain stocks data on Friday. The most-active corn contract on the Chicago Board […] Read more


Rob Painter (l) and Eric Hansotia, CEOs of Trimble and Agco respectively, agreed on Sept. 28, 2023 to combine their precision ag arms into a new joint venture. (Trimble via PRNewswire)

Trimble Ag, Agco’s JCA link up for new precision ag venture

Agco gets majority control of a new precision ag and autonomy firm; Agco's GSI brand and others now under separate review

Global positioning tech firm Trimble is set to sell its precision ag business into a new joint-venture company that will include farm machinery maker Agco’s made-in-Manitoba autonomy arm. From farmers’ perspective, the two companies say their combined technology offering is expected to offer “seamless integration and connectivity across geographies, equipment brands and the crop life […] Read more

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola ‘due for a bounce’

Weather co-operating, mostly, for Prairie harvesting

MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end […] Read more


CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soyoil boosted by rising energy prices

Wheat down on reports of low-priced Egyptian import tender

Reuters — Chicago corn futures rose on Wednesday, rebounding from losses a day earlier, as ethanol feedstock enjoyed a boost from a rise in energy prices that also lifted soyoil futures, analysts said. Wheat futures fell at the Chicago Board of Trade, and K.C. hard red winter wheat futures hit a two-year low. The most-active […] Read more

The Cascadia grain terminal at the Port of Vancouver is co-owned by Viterra and Richardson International. (Viterra.ca)

Transport Canada to review Bunge-Viterra marriage plans

Competition Bureau also to probe proposed deal

Canada’s federal transport department will conduct its own review of U.S. grain giant Bunge’s plans to buy and merge with Viterra — with an eye particularly on both companies’ stakes in Canadian port terminals. Transport Minister Pablo Rodriguez announced Tuesday that his department will review the deal under the mergers and acquisitions provisions of the […] Read more


(Richardson International video screengrab via YouTube)

Canola crush shows solid start in new crop year

Soybeans see lowest August crush ever

MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more

CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans higher, corn lower, wheat flat amid positioning

Traders eye potential U.S. government shutdown

Reuters — Chicago soybean futures ticked higher on Tuesday while wheat futures settled flat and corn futures fell as traders adjusted positions ahead of U.S. government stocks data due later this week, analysts said. Worries about a possible U.S. government shutdown hung over the markets. Chicago Board of Trade (CBOT) November soybean futures rose five […] Read more


CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soy, corn futures end up

U.S. harvests advance slower than expected

Chicago | Reuters — U.S. soybean futures ended higher on Monday as the market recovered from its lowest level since early August, while corn and wheat futures also rose. After trading ended, the U.S. Department of Agriculture reported that soy and corn harvests advanced more slowly last week than analysts expected. The soybean crop was […] Read more

CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans end up in bounce from one-month low

Chicago wheat, corn futures firm

Reuters — U.S. soybean futures rose on Friday in a light technical rebound from six-week lows while corn and wheat also ticked higher on bargain-buying, but gains in all three markets were limited by a strong U.S. dollar, analysts said. Chicago Board of Trade (CBOT) November soybeans settled up 2-1/2 cents at $12.96-1/4, bouncing after […] Read more