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 nears one-month low on Black Sea competition

Chicago soybeans, corn also lower

Chicago | Reuters — U.S. wheat futures fell to their lowest in nearly a month on Wednesday as an Egyptian purchase tender highlighted export competition from the Black Sea region, tempering worries about war disruption to Ukrainian supplies, analysts said. Soybean futures fell on profit-taking and expectations of increasing soy export competition from Brazil, where […] Read more

CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle, hog futures climb

Chicago Mercantile Exchange (CME) cattle and hog futures came out of their U.S. Presidents Day break trading higher, with front-month live cattle posting eight-year highs. CME February 2023 live cattle touched 164.975 cents/lb. in Tuesday’s trade before closing at 164.75 cents, up 1.175 cents from Friday’s close and the highest close for the front-month contract […] Read more


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

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Firmer U.S. dollar drags on CBOT wheat

Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president of Iowa-based U.S. Commodities. “The […] Read more

CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle post near-eight-year highs

Firming cash prices support February, April live cattle; hogs lower

Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange set life-of-contract highs on Friday and the front contract hit its highest since 2015 as shrinking cattle supplies lifted cash prices, traders said. Market-ready cattle traded in southern Plains cash markets at $160-$162 per hundredweight (cwt), traders said, steady to $2 higher […] Read more


(Dave Bedard photo)

AAFC revises crop estimates

Export, new-crop production outlooks revised lower for flax

MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was […] Read more

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

U.S. grains: Soy, corn, wheat inch higher ahead of holiday weekend

Chicago markets close Monday for Presidents Day

Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures closed modestly higher on Friday as traders squared positions ahead of a three-day U.S. weekend and weighed contrasting crop prospects in South America, analysts said. Uncertainty about the future of a Black Sea grain export corridor underpinned values, while a firming dollar […] Read more


CBOT March 2023 soybeans (candlesticks) with 20-day moving average and November 2023 soybeans (dark green o/h/l/c). (Barchart)

U.S. grains: Soybeans end higher in choppy trade

CBOT corn mixed, wheat down; MGEX, K.C. wheats up

Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on […] Read more

CME February 2023 live cattle with 20-day moving average and April (dark red line) and June (black line) 2023 live cattle. (Barchart)

U.S. livestock: CME spot live cattle futures near eight-year top

Deferred-month cattle, lean hogs lower

Chicago | Reuters — Front-month live cattle futures on the Chicago Mercantile Exchange reached a near eight-year high on Wednesday, supported by tightening U.S. cattle supplies and rising wholesale beef prices, while the most actively traded contracts drifted lower as market players awaited more direction from cash cattle markets. CME’s spot February live cattle futures […] Read more


CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow high/low/close) and K.C. March 2023 hard red winter wheat (orange H/L/C). (Barchart)

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more

ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from […] Read more