(File photo by Dave Bedard)

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more

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Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from […] Read more



CBOT March 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more


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

U.S. grains: CBOT corn touches 7-1/2-year high

Chicago wheat, soybeans down on profit-taking

Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook

Wheat futures at six-year high; corn, soy at 6-1/2 year highs

Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more


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

U.S. grains: Futures slip on South American rains

USDA report seen cutting U.S. soy, corn supply estimates

Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more

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

U.S. grains: Soybeans to 6-1/2-year top on expectations of tightening stocks

Corn futures up, wheat retreats

Chicago | Reuters — U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies. Corn futures also rose, hovering near multi-year highs set this week above […] Read more


CBOT March 2021 soybeans with 20- and 50-day moving averages and March 2021 soybean oil (dark green line). (Barchart)

U.S. grains: Soy, corn futures ease off six-year highs

New USDA reports awaited

Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more