CBOT July 2023 corn with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn, soy, wheat futures sag on demand worries

U.S. winter wheat harvest adds seasonal pressure

Chicago | Reuters — U.S. corn futures and nearby soybean futures fell on Wednesday, backing down from multi-week highs, as traders weighed fears of flagging demand for grains and other commodities against worries about dry Midwest weather curbing crop prospects, traders said. Wheat futures sagged on profit-taking after a four-session advance and seasonal pressure from […] Read more

Soil cracks around corn plants below knee-high at Manchester Township, about 130 km west of Philadelphia in southern Pennsylvania, on June 6, 2023. (Photo: Paul Kuehnel/USA Today Network via Reuters)

CBOT weekly outlook: Weather market for soy, corn

U.S. targets for biofuel blending pending

MarketsFarm — With soybean and corn seeding nearing completion across the United States, attention in the futures markets is focused squarely on growing conditions. “We’re in a weather market, so look for traders to keep these prices chopping around over the next few weeks,” said Terry Reilly of Futures International in Chicago. Relatively dry conditions […] Read more


File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)

Ukraine’s farm output could take 20 years to recover, study suggests

Some crop sectors may recover more quickly

Kyiv | Reuters — Ukraine’s agricultural sector could take 20 years or more in parts to recover from the ravages of Russia’s full-scale invasion, according to a Kyiv-based research centre. Ukraine is a major global grower and exporter of wheat, corn, sunflower and sunflower oil, but its production has fallen sharply since the war start […] Read more

Viterra’s oilseed crush plant at Becancour, Que. (Viterra.com)

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential

Canada's Competition Bureau pledges to review deal

Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase […] Read more


As much as 50 per cent of India’s dal crop was damaged this year due to waterlogging.  Photo: iStock/Getty Images

Pulse weekly outlook: Saskatchewan pulses dealing with dryness

Too early to know what effect grasshoppers, smoke will have

MarketsFarm –  Seeding went well across the province thanks to hot and dry temperatures following a cool spring, said Saskatchewan Pulse Growers (SaskPulse) executive director Carl Potts. However, the dry conditions are still cause for concern.  “A later-than-normal start, but we wrapped up seeding within that normal window that growers typically do,” Potts said. “(It […] Read more

A sprouted wheat kernel, in which the sprout is visibly still within the contour of the germ, is classified as “regular sprouted.” (GrainsCanada.gc.ca)

Grain grading guide to tighten definition of ‘severely’ sprouted wheat

More changes, clarifications on deck for Aug. 1

A laboratory review of the end-use quality of sprouted wheat will lead to changes in how wheat is graded starting Aug. 1 this year. The Canadian Grain Commission on Tuesday announced changes in store effective Aug. 1 for how Canadian wheat is graded, along with a list of clarifications and new housekeeping rules for the […] Read more


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

U.S. grains: Soybeans reach one-month high on weather woes

Wheat up, corn mixed

Chicago | Reuters –– U.S. soybean futures hit a one-month high on Tuesday on worries about dry conditions in the Midwest hurting crop prospects and spillover strength from crude oil, traders said. Corn futures were mostly higher on the Midwest weather jitters, but the nearby July contract fell on profit-taking and worries about demand for […] Read more

Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Bunge, Viterra confirm marriage plans

Firms to merge under Bunge banner

The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more


(File photo by Dave Bedard)

Fund short position grows in canola

Traders net long in soy, K.C. wheat

MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] Read more

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

U.S. grains: Corn climbs on dry conditions

Wheat follows corn higher, soybeans mixed

Chicago | Reuters — U.S. corn futures rose to a nearly two-month high on Monday as traders fretted about disappointing weekend rains and dry conditions stressing crops in portions of the Midwest crop belt, analysts said. Wheat futures followed, finding additional support from rising tensions in the Black Sea region. Soybean futures settled mixed, with […] Read more