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

CBOT weekly outlook: Values pull back from upper ranges

Early U.S. estimate of planting intentions due out next week

MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] Read more

Good soils or loamy soils are ones that contain equal parts of sand, silt and clay. Unfortunately, this ideal mix is not that common on the Prairies.

What is soil?

Let’s explore the properties of your cropland’s soil

In everyday conversation involving agriculture, we hear about poor soils, clay soils, good soils, ruined soils, eroded soils, degraded soils, sandy soils, silty soils and so on. These names or descriptions are, for the most part, meaningless and very subjective. Soil is, in reality, a storehouse of water, mineral compounds of multiple complexities and plant-essential […] Read more


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

U.S. grains: Soy eases off multi-month highs

Futures down as Brazil's harvest progresses; CBOT corn, wheat also down

Chicago | Reuters — U.S. soybean futures fell on Tuesday on profit-taking after Monday’s multi-month highs and fundamental pressure from the advancing harvest of a likely record-large soy crop in Brazil, analysts said. Corn and wheat drifted lower in technical moves with worries about a global recession adding to bearish sentiment. Chicago Board of Trade […] Read more

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more


CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […] Read more

CBOT March 2023 soft red winter wheat with Bollinger bands (20,2), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat strong on concerns about Ukraine, Russian exports

Chicago corn, soy futures rise

Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Grain stocks set tone for barley, wheat

Barley expected to go bullish in April, May

MarketsFarm — Statistics Canada’s (StatCan) grain stocks report issued earlier this week largely met trade expectations, according to Winnipeg-based independent trader Jerry Klassen. The survey-based report, which estimated the country’s grain stocks as of Dec. 31, was neutral for spring wheat, supportive of durum, and pointed toward barley being somewhat bullish come spring, he said. […] Read more

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

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina […] Read more


(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Latest USDA adjustments do little to move market

Selling pressure short-lived after report

MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for […] Read more

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

U.S. grains: Chicago wheat, corn, soy firm on WASDE report

South America's weather drags on competing exports

Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2 […] Read more