CBOT July 2021 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Commodities see ‘much needed’ correction

'You’re not going to go up every day'

MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more

CBOT July 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines) and MGEX July 2021 wheat (black line). (Barchart)

U.S. grains: Wheat, soybeans plunge on fund selling

Chicago July corn flat

Chicago | Reuters — U.S. soybean and wheat futures fell more than two per cent on Wednesday, with traders noting selling by investment funds as commodity contracts tumbled through key technical support points. The most-active corn futures ended unchanged, steadying after trading in negative territory for much of the session. Deferred contracts were slightly lower. […] Read more


CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn up on another sale to China

CBOT wheat, soybeans fall

Chicago | Reuters — U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the U.S. could stress the recently seeded crop, traders said. Wheat and soybean futures weakened on a technical setback after failing […] Read more



MGEX July 2021 wheat with 20- and 100-day moving averages (orange, green lines) and CBOT July 2021 wheat (yellow line). (Barchart)

U.S. grains: Corn and soy mixed, wheat down

Wheats lower on weather view for U.S. Plains

Chicago | Reuters — U.S. soybean and corn futures closed mixed on Monday, with nearby contracts firming on support from tight supplies and strength in the cash market, while forecasts for warm weather that will boost crop development in the U.S. Midwest pressured new-crop issues, traders said. “The outlook warmed up for the Midwest over […] Read more

CBOT July 2021 corn with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Corn tumbles on long liquidation

CBOT soy, wheat modestly higher

Chicago | Reuters — U.S. corn futures fell for a third straight session on Friday, with the benchmark July contract hitting a two-week low on fund-driven long liquidation amid easing concerns about dwindling supplies, analysts said. Soybean and wheat futures closed higher. Chicago Board of Trade July corn futures settled down 31 cents at $6.43-3/4 […] Read more


Beef demand is up, but high feed grain prices cut into feeder margins.

Consumer demand supports fed and feeder cattle markets

Market Update with Jerry Klassen: A one per cent increase in consumer spending equates to a one per cent increase in beef demand

Alberta packers were buying fed cattle in the range of $152 to $153 FOB feedlot during the third week of April. Fed cattle prices were up $3 to $4 from 30 days earlier. The market appears to be factoring in tighter supplies in the latter half of the year, along with growing demand. October and […] Read more

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn limit-down on profit-taking, bearish USDA data

Chicago soybeans, wheat follow

Chicago | Reuters — U.S. corn futures fell more than five per cent on Thursday on profit-taking after recent multi-year highs and follow-through selling, a day after the U.S. Department of Agriculture forecast larger-than-expected domestic stocks, analysts said. Soybean and wheat futures fell sharply, also retreating from multi-year highs. “Today is all about a long […] Read more


CBOT July 2021 corn (blue high/low/close) and CBOT July 2021 wheat (red HLC). (Barchart)

Feed weekly outlook: Falling futures suggest first cracks in lofty market

MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market […] Read more

High-yielding wheat can sometimes result in lower protein content due to the dilution effect in the grain — but the yield of this crop was only slightly above average.

Crop advisor casebook: Why did the protein content in this wheat crop take a hit?

A Crop Advisor's Solution from the May 11, 2021 issue of Grainews

John has a 3,500-acre mixed grain and cattle farm not far from Brandon, Man., where he grows wheat, barley, canola and hay. John called me one day shortly after harvest when he ran into trouble at the grain elevator. As he explained over the phone, the problem was his wheat didn’t qualify as identity preserved […] Read more