The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.






A soybean crop near St. Adolphe, south of Winnipeg, in September 2023. Manitoba is estimated to have planted 1.426 million acres to soy in 2024, down from 1.595 million in 2023.

Prairie soybean crops stand to benefit in changing climate

Conditions that have curbed soy acres in the West were more market-related than meteorological

Soybeans have been at the vanguard of longer-season crops moving into the Prairie region. The soybean area in Western Canada has expanded rapidly over the past two decades. Manitoba’s soybean acreage increased from zero to over one million acres in the first decade of the 2000s. Manitoba’s soybean acreage continued to increase in the past […] Read more