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 November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans hit four-year peak on Chinese demand

U.S. winter wheat crop rating misses estimates

Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s […] Read more


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

U.S. grains: Wheat, soy, corn futures up on export prospects

Wheat markets also focused on weather

Chicago | Reuters — U.S. wheat, soybean and corn futures rose on Friday, with strong export demand continuing to push prices higher, traders said. Wheat notched the biggest gains, pushing back toward a six-year high on concerns about drought in major production belts, coupled with a flurry of overseas tenders illustrating the robust global demand. […] Read more

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

U.S. grains: Soy futures firm to highest since 2016

CBOT corn hits 14-1/2-month high; wheat 'was down all day'

Chicago | Reuters — Chicago Board of Trade soybean futures firmed on Thursday, hitting their highest in more than four years, with traders citing gains in the cash market and strong export demand for U.S. supplies as supportive factors. A fast export pace also underpinned the corn market while wheat futures eased on technical selling […] Read more


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

U.S. grains: Corn, soy rise on export hopes

Wheat futures dip on profit taking

Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday, as concerns about dry conditions in key global production areas of South America boosted export prospects for both U.S. commodities. Strength in the cash market also supported gains in corn and soybean futures, traders said. CBOT soft red winter wheat […] Read more

MGEX December 2020 wheat (candlesticks) compared against CBOT December 2020 wheat (orange line). (Barchart)

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more


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

U.S. grains: Soybeans, corn rise on exports

CBOT December wheat extends rally

Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday on strong export demand while wheat firmed on concerns that dry weather could limit global production, traders said. Soybean futures rose one per cent, with traders shrugging off some much-needed rain in Brazil due to the strong pace of overseas buying. “The grains […] 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


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

CBOT weekly outlook: Soy, corn could retest highs

Wheat now 'doing its own thing'

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade backed away from nearby highs over the past week, but could be poised to retest those levels as the underlying fundamentals remain supportive. “I think we’ll need another headline of sorts, whether it be a weather or sales numbers (headline), to push corn […] Read more

CBOT November 2020 soybeans with 20-, 100- and 200-day moving averages. (Barchart)

U.S. grains: Soybeans up on Chinese buying, Brazil weather

Chicago corn, wheat end higher after mixed day

Chicago | Reuters — Chicago soybean futures climbed on Wednesday, supported by renewed exports and dryness in top exporter Brazil, traders said. Corn and wheat futures ended higher after trading both sides of even as markets digested conflicting indicators. The most active soybean contract on the Chicago Board of Trade gained 12-1/4 cents to $10.56-1/4 […] Read more