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

CBOT weekly outlook: Weather, demand affect grain prices

Wheat 'up and down' on Black Sea uncertainty

MarketsFarm — Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as […] 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 flat or higher on Ukraine concerns

Rains expected to cause U.S. planting delays

Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more


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

U.S. grains: Chicago soybeans up on major U.S. crush

USDA says winter wheat at 27 per cent good or excellent condition

Mexico City | Reuters — Soybean futures gained following strong U.S. crushing data on Monday, while wheat and corn also closed higher after several eastern European countries banned grain and other food imports from Ukraine, casting further doubt on Ukrainian exports. Members of the National Oilseed Processors Association (NOPA) said the U.S. soybean crush jumped […] Read more

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

U.S. grains: Corn continues climb, closes higher for fourth week

Traders watching cooler weather in U.S. southern Plains

Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The […] Read more


CBOT May 2023 corn with 20-day moving average (green line) and July 2023 corn (orange line). (Barchart)

U.S. grains: Chicago grains close lower as weather improves

USDA reports flash corn sale to China

Mexico City | Reuters — Chicago grains futures reversed earlier gains to close lower on Thursday, as weather improved and despite Russia saying there would likely be no extension of the wartime grains corridor deal, analysts said. Soybeans lost ground from their earlier rally as weather in the Northern Hemisphere looked clearer. “U.S. weather is […] Read more

An aerial file photo of flooding in the Red River Valley near Rosenort, Man. in May 2022. (Manitoba Co-operator photo by Allan Dawson)

CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds

Heavy snowpack remains in parts of northern Plains

MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged […] 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 up after jumpy day of Black Sea concerns

Markets await U.S. export sales data on Thursday

Mexico City | Reuters — Chicago grains futures closed higher Wednesday, after a mixed day underpinned by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports. Soybean and corn futures settled up, regaining some ground lost earlier in the session amid a bumper soy harvest in Brazil and an […] Read more

Lower feed grain prices to drive feeder market higher

Lower feed grain prices to drive feeder market higher

Market Talk with Jerry Klassen, from the April 2023 issue of Canadian Cattlemen

I’ve received many calls over the past month regarding the price outlook for Canadian barley and U.S. corn. Alberta cattle feeders have relied on imports of U.S. corn over the past couple of years. Canadian barley supplies have been extremely tight over the past two years. The drought of 2021 resulted in a sharp decline […] Read more


(OceanFishing/iStock/Getty Images)

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