One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

IGC makes changes in corn, soybean supply outlook

Council makes only minor tweaks in wheat

MarketsFarm — There are some notable changes to the monthly report from the International Grains Council (IGC), primarily in corn and soybeans. The London-based IGC on Thursday issued new supply and demand estimates, pointing to reduced agricultural production such as in Argentina as the main reason for the changes. That’s despite increased output in Brazil […] Read more

CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow high/low/close) and K.C. March 2023 hard red winter wheat (orange H/L/C). (Barchart)

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more


ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from […] Read more

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

CBOT weekly outlook: Values pull back from upper ranges

Early U.S. estimate of planting intentions due out next week

MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] Read more


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

U.S. grains: Soy eases off multi-month highs

Futures down as Brazil's harvest progresses; CBOT corn, wheat also down

Chicago | Reuters — U.S. soybean futures fell on Tuesday on profit-taking after Monday’s multi-month highs and fundamental pressure from the advancing harvest of a likely record-large soy crop in Brazil, analysts said. Corn and wheat drifted lower in technical moves with worries about a global recession adding to bearish sentiment. Chicago Board of Trade […] Read more

(Xinzheng/Getty Images)

China to plant more soy, speed up GMOs to ensure food supply

Beijing reiterates goals to increase soy acres, intercrop with corn

Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports […] Read more


File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more

CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […] Read more


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

U.S. grains: Wheat strong on concerns about Ukraine, Russian exports

Chicago corn, soy futures rise

Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat […] Read more

CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina […] Read more