Soybeans. (Alfribeiro/iStock/Getty Images)

China building world’s largest seed bank

Larger facility a bid to boost food security

Beijing | Reuters — China will complete a new national crop germplasm bank this year, the agriculture minister said Wednesday, to boost the country’s capacity to develop new crop varieties and enhance food security. The bank has a designed capacity of 1.5 million copies, almost four times the existing one, and will be the world’s […] Read more

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

ICE weekly outlook: Rallying canola not at top yet

MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going through intense demand rationing right […] Read more


File photo of trucks parked in line outside a port during a wage strike at Santa Fe, Argentina on Dec. 21, 2020. (Photo: Reuters/Stringer)

CBOT weekly outlook: South American weather, labour issues prop up prices

MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more

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

U.S. grains: Corn tops US$5 for first time since 2014

'Water deficit' in Argentina draws interest

Chicago | Reuters — U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said. Wheat futures fell on a lack of fresh supportive news and an upturn in the dollar, which tends to make U.S. grains less competitive globally. […] Read more


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

U.S. grains: Soybeans set fresh high on supply worries, technical buying

Chicago wheat, corn also close higher

Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more

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

U.S. grains: Soy rally extends into 2021

South America soybean supply fears continue; corn ends mixed

Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more


Photo: File

U.S. grains: Corn, soy hit 6-1/2-year highs on Argentine corn export restriction, dry weather

Chicago | Reuters – U.S. corn futures extended gains on Thursday and hit their highest level in 6-1/2 years after major supplier Argentina said it would curb exports and as dry weather threatened harvests in South America. Soybeans also scaled a fresh 6-1/2-year peak on South American weather worries and tightening global supplies, while wheat […] Read more

Photo: iStock/Getty Images

U.S. grains: Soybeans hold near 6-1/2-year peak as Argentina strike ends, dry weather remains

Chicago | Reuters – U.S. soybean futures held near a 6-1/2 year high on Wednesday as investors shifted their focus from a now-resolved labor strike in Argentina that had pushed up prices to continued dry weather in South America that threatened the upcoming harvest. Chicago Board of Trade (CBOT) wheat soared to a six-year peak […] Read more