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CBOT weekly outlook: Ending stocks of corn, soy predicted to rise

Ending stocks of wheat projected to drop as drought hits Kansas winter wheat

MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more

CBOT July 2023 soft red winter wheat with 20-day moving average (green line, right column) and MGEX and K.C. July 2023 wheats (yellow and orange lines, left column). (Barchart)

U.S. grains: Wheat futures snap winning streak

Corn weak, soybeans mixed

Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more



(Dave Bedard photo)

Fund traders add to bearish bets in canola

Funds also net short in MGEX and CBOT wheat, corn

MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, the net managed money short […] Read more


CBOT July corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybean futures sag on demand woes

U.S. wheat futures firm

Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Monday, retreating from gains made during the overnight trading session on signs that already light export demand for U.S. supplies had weakened further, traders said. Wheat futures were firm, with the biggest gains being notched by K.C. hard red winter wheat […] Read more

File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)

U.S. escalates dispute with Mexico over GM corn

Canada 'considering next steps'

Mexico City | Reuters — The U.S. is escalating its conflict with Mexico over agriculture biotech measures, including the stance on genetically modified (GM) corn, by requesting dispute settlement consultations, senior officials of the U.S. Trade Representative’s office said on Friday. The North American neighbours are inching closer to a full-blown trade dispute under the […] Read more


CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy up on weather worries, macroeconomic optimism

Black Sea tensions, China weather support wheat

Chicago | Reuters — U.S. corn and soybean futures closed higher on Friday, lifted by bargain-buying following this week’s multi-month lows, dryness in the Midwest crop belt and spillover strength from equities and crude oil, traders said. Wheat followed the firm trend, drawing additional support from weather concerns in China and tensions over a shipping […] Read more



CBOT July 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Weather worries lift soybeans, new-crop corn

CBOT July wheat also climbs

Chicago | Reuters — U.S. soybean futures rose on Thursday on worries about dryness building in the Midwest crop belt, while a setback in the dollar and speculative buying at the start of a new month lent additional support, analysts said. Chicago Board of Trade (CBOT) wheat climbed 2.8 per cent, extending Wednesday’s rebound from […] Read more

CBOT July 2023 soft red winter wheat with Bollinger bands (20,2), MGEX July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat bounces off 2-1/2 year low

Corn, soy futures pare losses

Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on a round of bargain buying after the benchmark July contract dipped to its lowest level in nearly 2-1/2 years, dragged down by strong competition for export business and macroeconomic worries, brokers said. Similarly, U.S. corn and soybean futures recovered from steep declines, with […] Read more