CBOT July 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures drop after rally

Strong cash market supports corn, soy

Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more


(Dave Bedard photo)

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more

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Fifth-generation cattle rancher aims to build biggest U.S. beef plant

Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more


CBOT July 2022 wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures rally, pull corn higher

Soy also gains; Ukraine grain export prospects dim

Chicago | Reuters — U.S. wheat futures surged 5.1 per cent on Monday, supported by concerns about lengthy disruptions to shipments out of Ukraine as fighting intensified in that key grain export country. The strength in wheat spilled over into the corn market, which was on track to snap a streak of four straight negative […] Read more

CBOT July 2022 wheat (candlesticks) with 100-day moving average (light green line), MGEX July 2022 wheat (yellow line) and K.C. July 2022 wheat (orange line). (Barchart)

U.S. grains: Wheat futures sag as traders eye Ukraine export negotiations

Soybeans ease following export-fuelled gains; corn also lower

Chicago | Reuters — U.S. wheat and corn futures weakened on Friday as traders monitored diplomatic talks aimed at resuming shipments of Ukrainian grain stalled since Russia’s invasion, analysts said. Soybean futures also declined as market participants booked profits before the weekend, brokers said. Ukraine was in focus as the United Nations said its aid […] Read more


CBOT July 2022 wheat (candlesticks) with 20-day moving average (light green line) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)

U.S. grains: Wheat firms after earlier slide

Corn struggles to regain; soy firm

Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol […] Read more

CBOT July 2022 wheat (candlesticks) with 50-day moving average (dark green line) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)

U.S. grains: Wheat, corn down on Ukrainian export optimism

Soybeans firm on biofuel talk

Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting […] Read more



CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (blue and black lines) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)

U.S. grains: Wheat drops as Russia considers Ukrainian grain exports

Corn, soybeans also down

Chicago | Reuters — Chicago wheat futures fell on Tuesday, after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports. Corn was pressured by falling wheat, while profit-taking pulled soybeans off life-of-contract highs to finish lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell […] Read more