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

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down […] Read more

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures fall after hitting 14-month high

Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy

Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a […] Read more


CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: After October rally, November ‘is for bears’

MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally, […] Read more

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Dry soils push Chicago wheat higher

CBOT corn, soy futures also rise

Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just […] Read more


CBOT December 2020 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: CBOT wheat hits 2014 high on global crop concerns

Soybean futures retreat from gains

Chicago | Reuters — U.S. wheat futures surged to their highest prices in nearly six years on Friday as dry weather in key growing regions around the world fueled supply concerns. Corn futures ended lower, after touching a 14-month high on prospects for hefty sales to China, and soybeans also slumped. Traders are keeping a […] Read more

(Jack Dykinga photo courtesy ARS/USDA)

Brazil millers oppose sale of GMO wheat

Importing costs would rise, Abitrigo says, as Argentina approves new wheat

Sao Paulo | Reuters — Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market. The statement comes after Argentine authorities approved a new genetically modified wheat that can resist drought […] Read more


File photo of a wheat crop in Argentina. (Gracieross/iStock/Getty Images)

Argentina approves drought-tolerant GM wheat

Variety would need Brazil approval before going commercial

MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the […] Read more

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks

Chicago corn also rallies

Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But […] Read more


CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle gain as slaughter rates, beef exports rise

October lean hogs up three-quarters of a cent

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more