(Dave Bedard photo)

Canola short position finally subsiding

CBOT wheat, corn also net short

MarketsFarm — After hitting the largest speculative short position in canola on record, managed money fund traders were finally covering those bearish bets in late March, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of March 28, the net managed money short position in canola futures […] Read more

CBOT May 2023 soybeans with 20-day moving average (right column) and NYMEX May 2023 West Texas intermediate crude oil (black line, left column). (Barchart)

U.S. grains: Chicago soybeans, wheat up on energy boost

Crude oil jumps on surprise OPEC+ output cuts

Mexico City | Reuters — Chicago soybean and wheat futures closed higher on Monday, boosted by a rally in energy markets and concerns over U.S. crop conditions. Corn closed lower, however, as weather forecasts showed slightly drier conditions that would be favourable to planting, analysts said. Oil prices spiked after a surprise announcement by OPEC+ […] Read more


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

U.S. grains: Soybeans climb on supportive USDA data

Corn mixed; May wheat unchanged on day

Chicago | Reuters — U.S. soybean futures rose 2.1 per cent on Friday, climbing back above US$15 a bushel for the first time since mid-March after the U.S. Department of Agriculture’s forecast for 2023 plantings and its March 1 soy stockpiles estimate both came in at the low end of trade expectations. Corn futures ended […] Read more



CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat down off Wednesday’s one-month high

USDA stocks, prospective plantings reports due out Friday

Chicago | Reuters — U.S. wheat futures fell on Thursday on profit-taking after one-month highs a day earlier and reminders of strong competition for global export business, analysts said. Nearby corn and soybean futures drifted lower as traders squared positions ahead of key U.S. plantings and stocks reports due on Friday. Chicago Board of Trade […] Read more



CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up on Cargill’s Russia decision

Corn firm ahead of U.S. planting report; soy up on Argentina concerns

Reuters — Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill said it would take a further step back from the Russian market by no longer handling the top wheat supplier’s grain at its export terminal from July. Cargill’s shipping unit will continue to carry grain from the country’s ports, […] Read more



CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago grains up on U.S. planting uncertainty

Hard wheats 'leading the way'

Mexico City | Reuters — Chicago corn futures reversed losses to close higher on Monday on concerns about U.S. planting delays, and wheat and soy also made gains. Corn made its comeback later in the session as traders speculated on weather conditions and planting schedules for springtime crops as cold temperatures linger in the northern […] Read more

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U.S. grains: Chicago grains higher after week of Black Sea doubts, China demand

Reuters – Chicago wheat rallied on Friday amid market talk of Russia possibly halting wheat exports, while corn futures continued to climb and closed higher for the second week in a row on hearty Chinese demand. Russian business newspaper Vedomosti reported that Moscow could recommend a temporary halt in wheat and sunflower exports. Later, though, sources told Reuters that […] Read more