ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Volatility day-to-day in bullish canola market

MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst […] Read more


CBOT March 2021 soybeans with 30-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy, wheat fall sharply on profit taking

'We just ran out of bullish news'

Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: WASDE unexpectedly bearish for corn

MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more


CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn tumbles as USDA projects supplies above market expectations

USDA slashes global wheat supply as feeding to increase

Chicago | Reuters — U.S. corn futures dropped on Tuesday after the U.S. Department of Agriculture (USDA) projected supplies of the grain above market expectations in a monthly report, taking prices down from 7-1/2 year highs posted earlier in the day. Soybean futures rose to a three-week top on a tighter supply outlook by USDA, […] Read more

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn resumes climb ahead of monthly USDA report

Frigid weather in U.S. grain belt lifts wheat

Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department of Agriculture (USDA) report scheduled […] Read more


CBOT March 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans end lower, after rising on demand optimism

U.S. winter wheat threatened by cold weather

Chicago | Reuters — U.S. soybean futures ended lower on Friday after trading higher earlier on expectations of continued export demand eating into already tight U.S. stocks. Corn futures traded slightly lower as traders assessed mixed crop prospects in South America, while wheat ticked up slightly on fears of winterkill across the U.S. southern Plains […] Read more

CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn slips after touching new high on Chinese demand

U.S. export, supply-demand data awaited for China update

Chicago | Reuters — U.S. corn futures ended lower on Thursday after hitting a 7-1/2-year high, supported by the U.S. Agriculture Department’s confirmation of strong Chinese demand. Soybeans closed higher on strong weekly export sales as traders weighed rain delays to Brazil’s harvest. Wheat fell, despite weekly export sales at the high end of analysts’ […] Read more


ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: How long can canola remain well supported?

MarketsFarm — Despite recent declines in canola prices, the Canadian oilseed remains very well supported, according to Errol Anderson of Market Place Communications in Calgary. The question he posed, though, was for how long can this last? “The market is incredibly well supported because of the lack of deliveries and that the crushers are still […] Read more

CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Corn, soybeans may see seasonal slowdown

However, more upside remains possible

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more