
Soybeans

U.S. grains: Chicago grains up after jumpy day of Black Sea concerns
Markets await U.S. export sales data on Thursday
Mexico City | Reuters — Chicago grains futures closed higher Wednesday, after a mixed day underpinned by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports. Soybean and corn futures settled up, regaining some ground lost earlier in the session amid a bumper soy harvest in Brazil and an […] Read more

USDA stands pat on U.S. soybean, corn ending stocks
Soy, corn crop projections cut for Argentina
MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more

U.S. grains: Chicago soy stronger on predictions for Argentina crop
Black Sea supply a risk as Russia challenges corridor deal
Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South […] Read more

Canola fund short position shrinking
Managed money is net long on corn, soy
MarketsFarm — Managed money fund traders continued to cover their large short positions in canola in early April, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of April 4, the net managed money short position in canola futures came in at 49,470 contracts (70,671 short; 21,201 […] Read more

U.S. grains: Wheat closes higher on dry weather, Russian threats
Markets await monthly supply and demand report from USDA
Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook in the United States, analysts […] Read more

U.S. grains: Crop futures slide on disappointing export sales, improved weather
Traders adjust positions before Easter weekend
Chicago | Reuters — Chicago Board of Trade grain and soybean futures crumbled on Thursday on disappointing U.S. export sales and an improved weather outlook for U.S. spring plantings, analysts said. U.S. soybean export sales for 2022-23 were 155,300 tonnes for the week ended March 30, down 42 per cent from the prior four-week average, […] Read more

CBOT weekly outlook: U.S. planted acres in flux
USDA's next WASDE due out Tuesday; ending stocks expected to increase
MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more

U.S. grains: Chicago futures lower on U.S. weather outlooks
Traders keep eye on warming trend for northern states
Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that […] Read more

Sustainable soybean program underway
Food-grade, IP soy growers showing interest in verification, Soy Canada says
A new voluntary program spearheaded by Canada’s soybean value-chain group is expected to help Canadian soy growers seeking a sustainability mark for their goods. Soy Canada on March 28 announced the rollout of Sustainable Canadian Soy, a program it said will be available for the 2023 growing season. Exporters and handlers who supply customers that […] Read more

U.S. grains: Chicago grains down on better weather, profit-taking
U.S. winter wheat crop rating reported at lowest since 1989
Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier […] Read more