ICE January 2024 canola with 20-day moving average (yellow line, right column) and CBOT January 2024 soybeans (green line, left column). (Barchart)

ICE weekly outlook: Soy complex supporting canola

'Canola has been largely pulled up'

MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to […] Read more


CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans end up in bounce from one-month low

Chicago wheat, corn futures firm

Reuters — U.S. soybean futures rose on Friday in a light technical rebound from six-week lows while corn and wheat also ticked higher on bargain-buying, but gains in all three markets were limited by a strong U.S. dollar, analysts said. Chicago Board of Trade (CBOT) November soybeans settled up 2-1/2 cents at $12.96-1/4, bouncing after […] Read more

Photo: iStock/Getty Images

U.S. grains: soybeans end higher amid extreme heat, crop tour findings

Wheat ticked higher as traders assessed the latest Russian attack on a Ukrainian grain port

Chicago | Reuters – Chicago soybean and corn futures firmed on Wednesday, supported by hot, dry conditions that compound signs of stress found in initial results of a widely followed U.S. Midwest field tour. Wheat also ticked higher as traders assessed the latest Russian attack on a Ukrainian grain port and monitored North American spring […] Read more


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

CBOT weekly outlook: damage from extreme heat immediately unknown 

CBOT largely ignored the latest machinations in the Russia-Ukraine war that could change quickly: analyst

MarketsFarm – Prices at the Chicago Board of Trade could increase if there’s heat damage to the United States corn and soybean crops, according to Tom Lilja of Progressive Ag in Fargo, North Dakota. During the week of Aug. 21 to 25 a heat dome formed over much of the U.S. Midwest with temperatures pushing […] Read more

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

U.S. grains: wheat firms on Russian port attack, India import prospects

Attack near grain hub heightens war risks to Black Sea trade

Chicago | Reuters – Chicago wheat climbed on Friday after a Ukrainian drone attack near a Russian Black Sea export hub, rekindling global supply fears while India raised demand expectations as it considers scrapping wheat tariffs. Soybeans climbed on stronger crude and vegetable oil markets, also on alert following the Black Sea disruptions. Corn followed […] Read more