CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat, corn, soybeans sag on recession fears

Projections raised for Russian wheat crop

Chicago | Reuters — U.S. wheat futures fell more than two per cent and corn and soybeans followed the weaker trend on Monday, as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favourably dry weather for the […] Read more

(Thinkstock photo)

Prairie cash wheat: External factors raise bids

U.S. wheat futures gain on the week

MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more


CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat joins broad commodities weakness

CBOT corn, soybeans also lower

Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S. […] Read more



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

U.S, grains: Wheat climbs as Ukraine war escalation feared

Corn, soybean futures retreat

Chicago | Reuters — U.S. wheat futures hit their highest in more than two months on Wednesday on fears of an escalation in the Ukraine war that has disrupted crucial Black Sea grain exports, but pared gains as worries about the health of the global economy pressured the wider commodities sector. Corn and soybean futures […] Read more

Security forces detain a demonstrator during a protest on Sept. 21, 2022 in St. Petersburg against a mobilization of reservists ordered by Russian President Vladimir Putin. (Social media video screengrab obtained by Reuters)

CBOT weekly outlook: War chatter part of market chaos

Stronger U.S. dollar weighs on futures

MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more


CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up on new concerns for Black Sea supplies

Corn, soybeans up on slow harvest

Chicago | Reuters — Chicago wheat futures climbed on Tuesday after a day-earlier slide, underpinned by renewed fears about Black Sea supplies, traders said. Soybeans and corn also firmed, supported by slower-than-expected progress in the U.S. harvest. The most-traded wheat contract on the Chicago Board of Trade (CBOT) gained 63-1/4 cents to $8.93-3/4 a bushel, […] Read more

(BungeMOE.com)

Bunge to sell oilseed processing business in Russia

Grain firms scaling back Russian business

Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more


CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more

(Thinkstock photo)

Prairie cash wheat: Putin comments raise wheat bids

MarketsFarm — Comments from Russian President Vladimir Putin brought more uncertainty to Ukrainian wheat shipments, which in turn helped raise western Canadian wheat bids for the week ended Thursday. On Wednesday at an economic forum in the eastern Russian city of Vladivostok, Putin said the Ukrainians were “cheating,” adding that grain shipments from the country […] Read more