CBOT March 2023 soft red winter wheat with 20-day moving average (green line), 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, corn up on Black Sea export concerns

Chicago January soy falls

Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more

(Thinkstock photo)

Prairie cash wheat: U.S. futures drag on bids

Futures drop to multi-month lows

MarketsFarm — Wheat futures on the Chicago Board of Trade (CBOT) hit multi-month lows, which put pressure on Western Canadian wheat bids, during the week ended Thursday. Despite tighter wheat supplies in the U.S. and worldwide compared to last year, as well as the ongoing Russian invasion of Ukraine, wheat futures reached depths which weren’t […] Read more


File photo of a train in Belarus. (Dimarik/iStock/Getty Images)

Belarus to allow Ukraine grain transit with no preconditions, U.N. says

Belarus still wants sanctions lifted off fertilizer

United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more

Around 20 per cent of Mexico’s corn imports from the U.S. are white corn, used to make food products such as tortillas. (Bhofack2/iStock/Getty Images)

U.S. lawmakers call for action over Mexico’s GM corn ban

Mexico says it's working on revisions

Mexico City | Reuters — A group of bipartisan U.S. lawmakers called on Trade Representative Katherine Tai on Friday to start consultations under the Canada-U.S.Mexico trade agreement (CUSMA) over Mexico’s ban on genetically modified (GM) corn and the herbicide glyphosate. The letter signed by 24 members of Congress and led by Republican Representative Adrian Smith […] Read more


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

U.S. grains: Soybeans ease on global stocks

Exports, South American weather underpin soy; corn steady

Chicago | Reuters — Chicago soybeans eased on Friday after the U.S. Department of Agriculture (USDA) increased its estimate of global ending stocks, though strong exports and South American weather concerns underpinned the market. Corn traded both sides of even, despite an increase in U.S. stockpiles, while wheat eased. The most-active soybean contract on the […] Read more

(Qingwa/iStock/Getty Images)

USDA supply/demand estimates show only minor updates

MarketsFarm — Updated supply-and-demand (WASDE) tables from the U.S. Department of Agriculture included only minimal adjustments to the U.S. and world numbers, with larger revisions likely in the New Year. U.S. soybean and wheat ending stocks projections for the current marketing year were left unchanged, while the corn number was raised slightly. Total U.S. corn […] Read more


CBOT March 2023 oats with 20- and 50-day moving averages. (Barchart)

Feed weekly outlook: Wheat, barley eschewed for other grains

Oats, corn finding demand as feed

MarketsFarm — Feed wheat and barley prices in Alberta’s feedlot alley are coming down, largely due to the increasing presence of corn imported from the U.S. The high-delivered bid for Alberta feed barley on Wednesday was $9.80 per bushel, 11 cents lower than the previous week and 22 cents lower than one month earlier, according […] Read more

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

U.S. grains: Soybeans climb to 2-1/2 month highs on strong exports

Wheat eases on disappointing exports

Chicago | Reuters — Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly three-month highs. Wheat traded near even after Wednesday’s rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher. Movements in grains were limited as traders […] Read more


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

ICE weekly outlook: Less canola to be exported

Crop expectations from Canada, Australia are factors

MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more

(Greg Berg photo)

CBOT weekly outlook: Soy futures find support, but upside limited

Corn activity mainly bearish

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more