Photo: File/iStock

CBOT weekly outlook: Harvest pressure weighing on prices

'No heavy concerns about supply in general'

MarketsFarm — As harvests of soybeans, corn and spring wheat advanced in the United States, trader John Weyer of Walsh Commercial Hedging Services said the pressure on those commodities was going to continue over coming weeks. “We might test some technical levels, see some selloffs a bit and get some of it back. It’s going […] Read more

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

U.S. grains: Chicago soybeans firm, risk aversion caps gains

Corn and wheat drop, export data eyed

Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture […] Read more


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

U.S. grains: Chicago soybeans drop in choppy trade

Wheat futures lifted by surprise purchase from China

Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more

CBOT December 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago wheat up off three-year low after steep sell-off

CBOT corn rises, soybeans flat as Brazil plantings race forward

Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more


(File photo by Dave Bedard)

Fund net short position grows in canola

Net long in CBOT soybeans seen declining

MarketsFarm — The managed money net short position in the ICE Futures canola market more than doubled during the week ended Tuesday on a combination of long liquidation and new bearish bets going on the books, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Sept. […] Read more



(Dave Bedard photo)

U.S. wheat, barley production increases in 2023

MarketsFarm — The U.S. Department of Agriculture issued its small grains 2023 summary on Friday, showing a 10 per cent increase in all wheat production in 2023 of 1.81 billion bushels. While oat production dipped one per cent at 57 million bushels, barley output rose six per cent at 185 million. U.S. wheat in 2023 […] Read more

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


File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)

Feed weekly outlook: Barley bids near bottom post-harvest

Feed corn values narrowing against barley

MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] 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