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

U.S. grains: Soybeans fall as rain expected to aid Argentine crop

Snow in U.S. Plains pressures wheat

Chicago | Reuters — Chicago soybean futures dropped on Monday for a fourth consecutive session as rainfall in Argentina’s parched growing areas diminished concerns over crop damage. Wheat fell to nearly 16-month lows as snow and rain across parts of the U.S. Great Plains brought needed moisture to winter wheat crops, while corn followed wheat […] Read more

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

U.S. grains: Soybeans sag on improving Argentine crop weather

Chicago wheat up on weekly sales data

Chicago | Reuters — U.S. soybean futures hit a one-week low on Friday, declining for a third straight session as traders fixated on forecasts for welcome rains in drought-hit Argentina, analysts said. Corn ended mostly lower on the Argentine weather outlook, but better-than-expected weekly U.S. grain export sales limited losses in corn and lifted wheat […] Read more


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

U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains

New survey calls for expanded U.S. wheat acres

Chicago | Reuters — U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of Trade March soybeans settled down […] Read more

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

Storms to bring rain to parched Argentine fields next week, grains exchange says

Drought has limited soy, corn planting

Reuters — A storm front should bring moderate to abundant rainfall across most of Argentina’s key agricultural area over the next week, the Buenos Aires grains exchange said on Thursday, which could help farmers plant their fields after a historic drought. Lack of rainfall in Argentina, the world’s largest exporter of soybean oil and meal […] Read more


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

U.S. grains: Soybeans, corn retreat off multi-month highs

Putin's comments on exports underpin wheat

Chicago | Reuters — U.S. corn and soybean futures settled lower on Wednesday as traders booked profits after both markets set multi-month highs and as weather forecasts promised much-needed rains in Argentina’s crop belt, traders said. Wheat followed the weaker trend. Chicago Board of Trade March soybeans settled down 15-1/4 cents at $15.24-1/2 per bushel, […] Read more

Farmer Ignacio Bastanchuri stands in a wheat field at Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

CBOT weekly outlook: Soy, corn markets’ eyes on South America

Wheat market remains sensitive to Ukraine news

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were boosted by last Thursday’s bullish supply/demand estimates from the U.S. Department of Agriculture, but attention has since shifted back to South American growing conditions. “The primary thing right now is South American weather,” said market analyst Tom Lilja of Progressive Ag at […] Read more


CBOT March 2023 corn with 20-, 100- and 200-day moving averages. (Barchart)

U.S. grains: Corn, soy up off early declines on export data

Chicago wheat follows suit

Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures rallied to multi-month highs on Tuesday as signs of export demand and follow-through support from last week’s bullish U.S. government supply/demand reports overshadowed early pressure from wetter South American weather forecasts, traders said. Wheat followed the higher trend. CBOT March corn settled […] Read more

(File photo by Dave Bedard)

Fund traders flip back to short side on canola

Corn traders reduce net long position

MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more


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

U.S. grains: Soy, corn rise on smaller U.S. harvest, Argentina drought worries

U.S. markets closed Monday for Martin Luther King Jr. Day

Chicago | Reuters — U.S. soybean futures climbed for a third straight day on Friday and corn scaled to a 1-1/2 week top on follow-through buying after bullish U.S. Department of Agriculture (USDA) crop data the prior day and concerns about poor South American weather. Both markets gained more than two per cent since USDA […] Read more

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

World wheat stocks to tighten despite larger crop, IGC says

Corn stocks also revised lower

MarketsFarm — World wheat production in the 2022-23 marketing year will likely end up slightly higher than earlier projections, according to the latest estimates from the International Grains Council. However, with usage predictions also rising, carryout stocks were revised slightly lower. In a report released Thursday, the IGC pegged 2022-23 world wheat production at 796 […] Read more