CBOT May 2023 soft red spring 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 below US$7 on hopes for Ukraine export extension

CBOT corn down, soybeans up

Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago […] Read more

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

U.S. grains: Soybean, corn futures end week strong

Chicago May wheat falls

Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans […] Read more



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

U.S. grains: Soy, corn, wheat futures bounce after declines

Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Wednesday, with bargain buyers snapping up commodities that posted sharp declines during February. The higher closes in soybeans and corn snapped a stretch of five straight losing sessions. Traders said that the recent sell-off may have sparked some buying interest from importers that […] Read more


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

U.S. grains: Corn hits lowest since August

Chicago soybeans, wheat also drop

Chicago | Reuters –– U.S. corn futures fell to their lowest level in more than six months on Tuesday and soybean and wheat futures also dropped on a round of end-of-month liquidation by investment funds, traders said. Soybeans notched the biggest declines, with the most-active contract falling 2.2 per cent, its biggest daily decline since […] 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 hits lowest since September 2021

Chicago corn, soy also fall

Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.6 per cent to their lowest level since September 2021 on Monday as rain across key growing areas during the weekend boosted harvest prospects for the U.S. crop, traders said. Optimism that the deal allowing grain shipments from Black Sea ports in war-torn Ukraine […] Read more


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

U.S. grains: Corn, wheat hit multi-week lows on export concerns

Hopes for Black Sea export deal pressure CBOT grains

Chicago | Reuters — Chicago Board of Trade corn futures set a six-week low on Friday while wheat hit its lowest level in more than four weeks on concern over competition for global export business, analysts said. Technical selling helped fuel the sell-off, along with prospects for robust 2023 corn production in the U.S. and […] Read more

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

U.S. grains: Corn futures hit six-week low on projected plantings

Corn, soy, wheat prices to drop from 2022, USDA predicts

Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at 91 million acres, up from […] Read more


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

U.S. grains: Wheat nears one-month low on Black Sea competition

Chicago soybeans, corn also lower

Chicago | Reuters — U.S. wheat futures fell to their lowest in nearly a month on Wednesday as an Egyptian purchase tender highlighted export competition from the Black Sea region, tempering worries about war disruption to Ukrainian supplies, analysts said. Soybean futures fell on profit-taking and expectations of increasing soy export competition from Brazil, where […] Read more

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

CBOT weekly outlook: Wide array of factors affecting grain prices

Corn, soy see speculative profit-taking

MarketsFarm — Recent rains in parts of South America, as well as a correction in the markets, have paused rallies in corn and soybeans on the Chicago Board of Trade (CBOT), according to one trader. Jack Scoville, vice-president of The Price Futures Group in Chicago, said that while central and southern Argentina are still mired […] Read more