GFM Network News


Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more

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

U.S. grains: Corn, soy bounce on technical buying, potential export demand

CBOT wheat turns higher on Paris rally

Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more


CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Futures see ‘dead cat bounce’

Traders watching potential for increase grain export demand

Chicago | Reuters — Chicago corn and soybean futures prices crept up on Thursday, finding chart support after sharp losses over the past two sessions on higher-than-expected U.S. grain supply forecasts. It has been a rocky week for the corn and soybean markets. The U.S. Department of Agriculture (USDA) on Tuesday released estimates of both […] Read more



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

U.S. grains: Corn, soy futures fall on big grain stocks, export pace

CBOT wheat falls on profit-taking

Chicago | Reuters — Chicago corn futures dipped to a four-week low on Wednesday as the grain markets continued to feel pressure from higher than expected forecasts of U.S. supplies, traders said. Soybean futures fell further, a day after the U.S. Department of Agriculture (USDA) projected U.S. soybean and corn ending stocks were above the […] Read more

CBOT November 2021 soybeans (candlesticks) with ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soybeans touch last December’s lows

Soy, corn production bigger than previously expected, USDA says

Chicago | Reuters — Chicago soybean futures dropped on Tuesday to the lowest seen since December 2020, after a U.S. government report pegged soybean and corn production to be bigger than traders had previously expected. The monthly world agricultural supply and demand estimates (WASDE) report pegged the soybean crop at 4.448 billion bushels, and soybean […] Read more


CBOT November 2021 soybeans (candlesticks) with 10-, 20- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans fall on expectations for bearish production report

Rising U.S. crude oil market helps limit soy price drop

Chicago | Reuters — Chicago soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of what is expected to be a bearish U.S. production forecast this week. The benchmark Chicago Board of Trade November soybean futures contract hit technical resistance at […] Read more

(Thinkstock photo)

Prairie cash wheat: Bids rise with U.S. futures

MarketsFarm — Cash wheat bids across Western Canada moved higher during the week ended Thursday in sympathy with U.S. futures markets. The strength came despite a firmer tone in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.40-$14.90 per tonne, according to price quotes from […] Read more


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

U.S. grains: Soybeans, corn weak, awaiting export news

December MGEX wheat up, CBOT wheat down

Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S. […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, light green and black lines). (Barchart)

U.S. grains: Soybean, corn futures rise

Chicago winter wheat futures weak

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, supported by signs of strong exports as more recently harvested supplies became available, traders said. Corn futures were firm, with investors staking out positions ahead of a key government report that will update the forecast for U.S. production. Winter wheat futures were […] Read more