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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


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

U.S. grains: Corn, soybeans fall ahead of USDA report

U.S. wheat futures end mixed

Chicago | Reuters — Chicago Board of Trade soybean and corn futures fell on Tuesday as investors squared positions ahead of the U.S. government’s key monthly reports on global supply and demand. Traders were focused on the size of the corn and soybean harvests in Argentina as drought stressed the crops in that key global […] Read more

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

U.S. grains: Soy futures fall on technical selling

Corn edges higher; wheat weak

Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about […] Read more


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Prairie cash wheat: Spring wheat bids edge higher

U.S. wheat futures supportive; durum bids down

MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per tonne across the Prairies, according […] Read more

CBOT March 2023 soymeal with 20-day moving average (brown line, right scale) and CBOT March 2023 soybeans (dark green line, left scale). (Barchart)

U.S. grains: Soymeal futures set multi-year high while soybeans decline

CBOT wheat down off one-month top; CFTC trading report to be delayed

Chicago | Reuters — U.S. soybean futures declined on Friday on spillover weakness from crude oil prices and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2-year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn […] Read more


CBOT March 2023 soybeans with 20-day moving average (yellow line, right column) and CBOT March 2023 soymeal (brown line, left column). (Barchart)

U.S. grains: Soybean futures climb as soymeal soars

Chicago corn retreats, wheat inches higher

Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn export sales in the latest […] Read more

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CBOT weekly outlook: Weather outweighs U.S. Fed rate hike announcement

'People are returning to the Argentine situation'

MarketsFarm — Week-long rallies for grain futures on the Chicago Board of Trade (CBOT) were disrupted by the U.S. Federal Reserve’s latest key interest rate announcement on Wednesday. The Fed revealed it is raising its key interest rate by 25 basis points in its ongoing fight against inflation. While the central bank acknowledged inflation is […] Read more


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

U.S. grains: Soy sags as Brazil’s harvest looms

Wheat mixed, corn ends firm

Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while […] 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: Wheat futures firm; technical resistance weighs

Chicago soybeans up, corn down

Chicago | Reuters — Chicago wheat futures gained on Tuesday as traders eye winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season, though futures struggled against technical resistance. Soybeans futures ended up, though prices were pressured by a correction in the soymeal charts, traders said. Corn futures ended lower, […] Read more