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CBOT weekly outlook: ‘No fireworks’ in January USDA reports

MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put some pressure on wheat futures, […] Read more

CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow line) and MGEX March 2022 wheat (green line, left column). (Barchart)

U.S. grains: Wheat futures fall on bigger-than-expected plantings, stocks

Winter wheat plantings exceed analysts' expectations; USDA also cuts corn, soybean crop estimates in South America

Chicago | Reuters — U.S. wheat futures extended losses on Wednesday after the U.S. Department of Agriculture projected that domestic farmers planted more acres than traders anticipated. Larger-than-expected USDA estimates for wheat inventories added pressure on the market, analysts said, after supply concerns drove Chicago Board of Trade futures prices to nine-year highs in November. […] Read more


CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines) and K.C. March 2022 wheat (blue line). (Barchart)

U.S. grains: Wheat up on export business

Corn, soy firm ahead of USDA data

Chicago | Reuters — U.S. wheat futures rose about one per cent on Tuesday on a pickup in global export business and short-covering ahead of several key U.S. Department of Agriculture reports due on Wednesday, traders said. Corn and soybean futures edged higher ahead of the reports, which will include updated estimates of U.S. 2021 […] Read more

File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)

Pulse weekly outlook: Chickpea prices reverse direction

Markets correcting lower, buyer says

MarketsFarm — The chickpea market in Western Canada is undergoing a correction, according to the manager of a pulse buying and processing company in Saskatchewan. With the exception of Desi chickpeas, all varieties of the pulse have seen prices go down two to five cents per pound over the past month, according to Prairie Ag […] Read more


CBOT March 2022 soybeans (candlesticks) with 20-day moving average (green line) and ICE March 2022 canola (yellow line, left column). (Barchart)

U.S. grains: Soy, corn sag on South American weather outlooks

Wheat firms

Chicago | Reuters — U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade […] Read more

FCL’s Co-op Fertilizer Terminal at Brandon. (Photo courtesy Federated Co-operatives Ltd.)

Fertilizer prices to remain high for now

MarketsFarm — There are two factors to consider when it comes to fertilizer. One is the cost as it’s to remain quite expensive at least through the first quarter of 2022, according to Chris Lawson, head of fertilizers for the CRU Group. The other is its availability, said Todd Lewis, president of the Agricultural Producers […] Read more


CBOT March 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and CBOT March 2022 soymeal (green line, left column). (Barchart)

U.S. grains: Soybeans rally, following soymeal gains

Wheat capped by big Argentina, Australia crops

Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a […] Read more



CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans ease after weather rally

Corn firms, wheat slips to nearly three-month low

Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat […] Read more

ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola strength shows no signs of fading

MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more