CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago wheat, corn up on Chinese demand, Black Sea outlook

Soy dips on sharp fall in stock, oil markets pressure

Chicago | Reuters — Chicago wheat and corn futures closed higher on Wednesday on strong demand from China and uncertainty over a Black Sea grain export deal as a deadline loomed. Soybeans followed stock and oil markets down after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance, […] Read more

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

Argentina soybeans go from ‘worse to worser,’ expert says

Heatwave now crisping early-planted crops

MarketsFarm — Extreme heat and drought throughout most of Argentina have taken a huge toll on that country’s soybean crop. Dr. Michael Cordonnier of Soybean and Corn Advisor said the forthcoming soybean harvest is now likely to produce 25 million to 30 million tonnes, a far cry from the 40 million to 45 million tonnes […] Read more


CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat, corn rally from multi-month lows

Ukraine corridor talks eyed

Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances […] Read more

CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (orange open/high/low/close) and K.C. May 2023 hard red winter wheat (orange O/H/L/C). (Barchart)

U.S. grains: Wheat slightly rebounds; corn, soy dip

Market volatility over banking sector hits grains prices

Chicago | Reuters — Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active corn and soybean contracts closed weaker, while wheat rebounded slightly after finishing last week at a 20-month low. Grains prices gyrated throughout the day as […] Read more


(Richardson International video screengrab via YouTube)

Canola crush of 2022 smallest in five years

Meanwhile, soybean crush rose on the year

MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021 […] 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: Wheat, corn get boost off weaker dollar after multi-month lows

Expectations grow for Black Sea deal extension

Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. The markets recovered after a week that saw expectations for an extended Black Sea export deal and a lower U.S. government estimate for corn export […] Read more


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

U.S. grains: Chicago corn dampened by prediction of El Nino rain

Black Sea export deal hopes drag wheat to 18-month low

Chicago | Reuters — Chicago corn futures hit their lowest price since August on Thursday on expectations that the El Nino climate phenomenon could boost U.S. crops and concerns about rising interest rates. La Nina has ended, the National Weather Service’s Climate Prediction Center said on Thursday, and El Niño could possibly form during summer […] Read more

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

CBOT weekly outlook: Argentina estimates lowered, but attention soon shifting north

U.S. corn, soyoil export outlooks 'a little concerning'

MarketsFarm — Sizeable reductions to Argentina’s soybean and corn crops were confirmed in the latest supply/demand estimates (WASDE) from the U.S. Department of Agriculture, with more reductions likely in future reports. However, attention in the markets is starting to shift to North American weather, with spring seeding just around the corner. “The USDA was a […] Read more


CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Soybeans boosted by slash to Argentina harvest

Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for U.S. exports. “Wheat was down most of the day, initially on talk of corridor extension talks, then off a lackluster WASDE report,” Charlie Sernatinger of […] Read more

CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat rebounds off 17-month low

USDA's new WASDE awaited

Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines, […] Read more