Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: U.S. planted acres in flux

USDA's next WASDE due out Tuesday; ending stocks expected to increase

MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more

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

U.S. grains: Chicago futures lower on U.S. weather outlooks

Traders keep eye on warming trend for northern states

Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that […] Read more


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

U.S. livestock: CME cattle up on higher cash price expectations

June lean hogs hit new lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Wednesday on expectations for higher U.S. cash prices this week, as lean hog futures set contract lows, analysts said. Cash cattle were bid at about $168/cwt in the southern Plains, roughly $1 higher than the bulk of trading last week, said Dennis Smith, […] 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: Chicago grains down on better weather, profit-taking

U.S. winter wheat crop rating reported at lowest since 1989

Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier […] Read more


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

U.S. livestock: CME cattle slide on profit-taking

April lean hogs set contract low

Chicago | Reuters — Profit-taking pushed down Chicago Mercantile Exchange cattle futures on Tuesday, while front-month lean hog futures tumbled to another contract low. Losses on Wall Street helped set a negative tone for the markets, as live cattle futures pulled back from contract highs reached on Monday, traders said. “Cattle-wise, we got a bit […] Read more

(Dave Bedard photo)

Canola short position finally subsiding

CBOT wheat, corn also net short

MarketsFarm — After hitting the largest speculative short position in canola on record, managed money fund traders were finally covering those bearish bets in late March, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of March 28, the net managed money short position in canola futures […] Read more


CBOT May 2023 soybeans with 20-day moving average (right column) and NYMEX May 2023 West Texas intermediate crude oil (black line, left column). (Barchart)

U.S. grains: Chicago soybeans, wheat up on energy boost

Crude oil jumps on surprise OPEC+ output cuts

Mexico City | Reuters — Chicago soybean and wheat futures closed higher on Monday, boosted by a rally in energy markets and concerns over U.S. crop conditions. Corn closed lower, however, as weather forecasts showed slightly drier conditions that would be favourable to planting, analysts said. Oil prices spiked after a surprise announcement by OPEC+ […] Read more

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

U.S. livestock: CME live cattle down off highs on profit-taking

Hogs continue mixed on U.S. farrowing intentions

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped on Monday as profit-taking dragged prices down after the market set new contract highs, traders said. CME June live cattle ended down 0.9 cent at 161.225 cents/lb., after reaching a high of 162.525 cents/lb. (all figures US$). That exceeded Friday’s high of 162.175 cents/lb. […] Read more


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

U.S. grains: Soybeans climb on supportive USDA data

Corn mixed; May wheat unchanged on day

Chicago | Reuters — U.S. soybean futures rose 2.1 per cent on Friday, climbing back above US$15 a bushel for the first time since mid-March after the U.S. Department of Agriculture’s forecast for 2023 plantings and its March 1 soy stockpiles estimate both came in at the low end of trade expectations. Corn futures ended […] Read more

CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hogs up in deferred months

USDA report fuels supply uncertainty; cattle up on cash strength

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose in deferred contracts on Friday on U.S. producers’ plans for fewer sows to farrow, analysts said. Producers intend to have 2.93 million sows farrow, or give birth, from March to May, down one per cent from actual farrowings a year earlier, the U.S. Department […] Read more