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

U.S. grains: Soybean, corn futures end week strong

Chicago May wheat falls

Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans […] Read more

Photo: File

Feed weekly outlook: Barley exports slowing down, local prices steady

Feedlots relatively well covered

MarketsFarm — Canadian barley exports slowed down in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off […] Read more



A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more


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

U.S. grains: Soy, corn, wheat futures bounce after declines

Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Wednesday, with bargain buyers snapping up commodities that posted sharp declines during February. The higher closes in soybeans and corn snapped a stretch of five straight losing sessions. Traders said that the recent sell-off may have sparked some buying interest from importers that […] Read more

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

U.S. grains: Corn hits lowest since August

Chicago soybeans, wheat also drop

Chicago | Reuters –– U.S. corn futures fell to their lowest level in more than six months on Tuesday and soybean and wheat futures also dropped on a round of end-of-month liquidation by investment funds, traders said. Soybeans notched the biggest declines, with the most-active contract falling 2.2 per cent, its biggest daily decline since […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Calves jump on corn outlook

Softer barley values underpin yearling market

Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more

CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat hits lowest since September 2021

Chicago corn, soy also fall

Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.6 per cent to their lowest level since September 2021 on Monday as rain across key growing areas during the weekend boosted harvest prospects for the U.S. crop, traders said. Optimism that the deal allowing grain shipments from Black Sea ports in war-torn Ukraine […] Read more


CBOT May 2023 corn with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn, wheat hit multi-week lows on export concerns

Hopes for Black Sea export deal pressure CBOT grains

Chicago | Reuters — Chicago Board of Trade corn futures set a six-week low on Friday while wheat hit its lowest level in more than four weeks on concern over competition for global export business, analysts said. Technical selling helped fuel the sell-off, along with prospects for robust 2023 corn production in the U.S. and […] Read more

(Photo courtesy Canada Beef Inc.)

Feed grain weekly: Prices slip back on good supplies

Demand for corn from Manitoba, U.S. wanes

MarketsFarm — There are sufficient supplies of feed barley, wheat and corn across the Prairies, according to Evan Peterson, trader with JGL Commodities. In turn, that’s putting pressure on prices. Peterson said a shortage of trucks and truck drivers last summer and fall led buyers to acquire as much feed as possible to get through […] Read more