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

U.S. grains: Corn, soy futures extend gains on China demand

CBOT September wheat eases

Chicago | Reuters — U.S. soybean and corn futures rose on Friday, with soybeans hitting a one-week top as a pick-up in export demand for both crops, primarily from China, sparked speculative buying and short-covering, analysts said. Soybeans got an additional boost from surging palm and soyoil futures. But forecasts for beneficial rains in the […] Read more

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

U.S. grains: Soy, corn up with export demand

September wheat slips off recent high

Chicago | Reuters — U.S. soybean futures rose on Thursday for a third straight session as top global soy buyer China booked more U.S. supplies of the oilseed, traders said. Corn also firmed while wheat futures fell on profit-taking following a three-week rally. Chicago Board of Trade November soybean futures settled up 8-1/4 cents at […] Read more



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

U.S. grains: CBOT wheat highest since April

Spec buying, export talk lift September wheat; other crops follow

Chicago | Reuters — U.S. wheat futures rose more than four per cent on Wednesday and touched a 2-1/2-month high as rising global cash prices and rumours of Chinese purchases triggered a round of speculative buying and short-covering, traders and analysts said. Soybean and corn futures also rose despite outlooks for generally favourable weather and […] Read more


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

U.S. grains: Soy up after crop ratings dip

Corn sags despite sale to China

Chicago | Reuters — U.S. soybean futures edged higher on Tuesday after weekly crop condition ratings declined, but improving weather in the Midwest crop belt kept a lid on rallies by backing expectations for large harvests, traders said. Corn closed lower, shrugging off news of a massive Chinese purchase of U.S. corn. Wheat firmed, buoyed […] Read more

(File photo by Dave Bedard)

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more


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

U.S. grains: Corn, soy down as weather favours yield prospects

Trade monitoring Northern Hemisphere wheat crops

Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday, nearing a two-week low as Midwest weather forecasts turned milder for the crop’s key growth phase this month, raising the potential for a large harvest, analysts said. The rosy weather outlook also pushed soybean futures lower, and wheat followed the […] Read more

CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures weaken, cattle futures advance

Cattle values rise as corn values drop

Chicago | Reuters — U.S. hog futures on Friday pulled back from a rally the previous session as large supplies and doubts about Chinese imports weighed on the market, analysts said. Chicago Mercantile Exchange (CME) August lean hog futures settled down 0.35 cent at 49.875 cents/lb. (all figures US$). The contract has rebounded slightly since […] Read more


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

U.S. grains: Corn, soybeans drop on favourable weather

Chicago wheat jumps

Chicago | Reuters — U.S. corn and soybean futures prices fell on Friday on expectations for beneficial rains in crop-growing areas and as President Donald Trump said the country’s relationship with trading partner China was severely damaged. A monthly U.S. Department of Agriculture (USDA) report pegged America’s harvests below analysts’ expectations, although the estimates were […] Read more

(Qingwa/iStock/Getty Images)

USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more