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USDA stands pat on U.S. soybean, corn ending stocks

Soy, corn crop projections cut for Argentina

MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more

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

U.S. grains: Chicago soy stronger on predictions for Argentina crop

Black Sea supply a risk as Russia challenges corridor deal

Mexico City | Reuters — Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South […] Read more


(File photo by Dave Bedard)

Canola fund short position shrinking

Managed money is net long on corn, soy

MarketsFarm — Managed money fund traders continued to cover their large short positions in canola in early April, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of April 4, the net managed money short position in canola futures came in at 49,470 contracts (70,671 short; 21,201 […] 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 closes higher on dry weather, Russian threats

Markets await monthly supply and demand report from USDA

Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook in the United States, analysts […] Read more


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

U.S. grains: Crop futures slide on disappointing export sales, improved weather

Traders adjust positions before Easter weekend

Chicago | Reuters — Chicago Board of Trade grain and soybean futures crumbled on Thursday on disappointing U.S. export sales and an improved weather outlook for U.S. spring plantings, analysts said. U.S. soybean export sales for 2022-23 were 155,300 tonnes for the week ended March 30, down 42 per cent from the prior four-week average, […] Read more

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Prairie cash wheat: Bids drift lower

U.S. wheat futures down on week

MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Wednesday, as choppiness in U.S. futures and strength in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1.60-$6.90 per tonne across the Prairies, according to price quotes from a […] Read more


Parrish and Heimbecker says this view of its Kincardine, Ont. site, pre-construction, shows where a new truck receiving area will be set up. (ParrishAndHeimbecker.com)

P+H upgrading southwestern Ontario elevator

Improved unload times expected for wheat deliveries

Updated, April 6 — Agrifood firm Parrish and Heimbecker has started “major” upgrades on one of its southwestern Ontario grain elevators, with plans to dedicate the site to milling wheat. Winnipeg-based P+H said Tuesday the work already underway at its inland facility on Highway 21 just south of Kincardine will boost unloading speeds on grain […] Read more

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

CBOT weekly outlook: U.S. planted acres in flux

USDA's next WASDE due out Tuesday; ending stocks expected to increase

MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more


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

U.S. grains: Chicago futures lower on U.S. weather outlooks

Traders keep eye on warming trend for northern states

Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that […] 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 down on better weather, profit-taking

U.S. winter wheat crop rating reported at lowest since 1989

Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier […] Read more