CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans extend rally on Chinese demand

Wheat down as Australia lifts harvest forecast

Chicago | Reuters — U.S. soybean futures rose on Tuesday to notch an 11th-straight higher daily close, supported by a mix of chart-based buying, continued demand from top global buyer China and worries about U.S. crop potential, analysts said. Corn futures also climbed while wheat futures fell as larger harvests in Australia signalled greater export […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Yearling markets mixed

Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more


CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chinese buying, crop doubts push soy to two-year high

CBOT corn recoups some losses from previous day

Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more

CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans climb on increased Chinese demand

Egypt buys Russian wheat in tender; traders await USDA crop reports next week

Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more


CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy futures jump on reported China purchases

CBOT wheat futures retreat after setting five-month top

Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more


CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago wheat up on export hopes

Corn hits one-week low, soybeans steady

Chicago | Reuters — U.S. wheat futures leaped to a five-month high on Tuesday on hopes for increased export sales, while corn and soybeans consolidated amid lingering uncertainty about the size of upcoming harvests in the Midwest. Weakness in the U.S. dollar helped support gains in wheat prices, traders said, because a soft dollar makes […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more


A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

StatsCan predicts more corn, less soy in 2020 harvest

Fewer acres but higher yields predicted

Statistics Canada’s latest round of expectations for the 2020 harvest calls for more corn and less soy than in 2019, with higher yields offsetting lower planted acres for both crops. In its Production of principal field crops report, using information from July — based on models created using satellite technology — StatsCan on Monday called […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans touch two-year high on dry weather

Wheat up with prices in Russia, Ukraine

Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more