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

U.S. grains: Corn down on harvest pressure, demand woes

USDA crop reports show brisk harvest, little change to crop quality

New York | Reuters — U.S. corn futures on the Chicago Board of Trade (CBOT) hit their lowest levels in nearly three years on Monday as the Midwest harvest expanded, adding to fears of a supply glut at a time of weak export demand for U.S. supplies, traders said. The benchmark CBOT December corn settled […] Read more

(Dave Bedard photo)

Flax production lowest since 1967, StatCan predicts

Returns on effort invested 'not attractive right now'

MarketsFarm — After going into its least acres seeded since 1950, the 2023-24 Canadian flax crop is projected to be at its smallest in decades. Statistics Canada (StatCan) reported in its principal field crop estimates on Thursday that 267,900 tonnes of flaxseed are expected to be produced in this year’s harvest. The total not only […] Read more


CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans down on positioning, crush pace

CBOT wheat ends up on week

Chicago | Reuters — U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August. Corn futures followed soybeans lower, with both markets also pressured by improving crop conditions in Europe and […] Read more

(Brett Holmes Photography/iStock/Getty Images)

Few surprises in StatCan report, analyst says

Downward revision on canola among those few

MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more


Photo: File

Feed weekly outlook: More demand for barley in Alberta

U.S. corn imports still expected to cap barley values

MarketsFarm — As Alberta’s harvest continued, yields and crop conditions have varied across the province, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “There has been such a wide range across the map, it really depends on location,” she said. “We’ve seen some areas that are just below average of […] Read more

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

U.S. grains: Soybeans up on signals of supply, weather concerns

CBOT wheat falls on higher U.S. dollar, corn pressured by wheat

New York | Reuters — Chicago Board of Trade (CBOT) soybean futures turned higher amid a volatile trading session on Thursday, as commodities traders wrestled with tight domestic supplies and uncertainty over weather impacts on the current U.S. crop. Analysts said that market participants are focusing on how the recent extreme heat waves across the […] Read more


ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more

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

CBOT weekly outlook: Prices for U.S. soybeans, corn where they should be

USDA report calls for tightest soy carryout in eight years

MarketsFarm — There have been no surprises in the price movement for U.S. soybeans and corn on the Chicago Board of Trade following the release of the U.S. Department of Agriculture’s monthly supply and demand report. “This was a case [for soybeans] where the trade expected even tighter ending stocks. That 220 million bushels matched […] Read more


CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat rallies on Black Sea tensions

Corn prices follow wheat higher, soy gains as traders eye crop yields

New York | Reuters — Wheat futures on the Chicago Board of Trade (CBOT) rose for a second straight session on Wednesday, as Russia reported Ukrainian strikes on a naval base in the grain-rich Black Sea region and Kyiv said its grain exports dropped sharply. Kyiv said on Wednesday more than 100 of its port […] Read more

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

U.S. grains: Futures sharply lower on U.S. harvest outlook

Wheat bounces on smaller-than-expected world stocks forecast

New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more