(Christophe Paul photo courtesy USDA)

CBOT weekly outlook: Markets react bullishly to USDA report

Corn, soy production estimates revised lower

MarketsFarm — Most of the October world agricultural supply/demand estimates (WASDE) released Thursday from the U.S. Department of Agriculture (USDA) came out lower than trade expectations, causing price jumps on the Chicago Board of Trade (CBOT). “Many people were not expecting a major (average) yield change,” Ryan Ettner, trader for Allendale Inc. in McHenry, Ill. […] Read more

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

U.S. grains: Chicago soy touches 22-month low ahead of USDA report

CBOT wheat also lower; corn firm

New York | Reuters — Chicago soybean and wheat futures fell on Wednesday, and corn futures firmed as the markets turned their attention to widely-followed U.S. government crop forecasts. The most-active soybean contract on the Chicago Board of Trade (CBOT) dropped 19 cents, about 1.5 per cent, to settle at $12.52-1/2 a bushel (all figures […] Read more


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

U.S. grains: Soybeans lifted by bright report on export demand

CBOT wheat down sharply, corn also lower

New York | Reuters — Chicago soybean futures rose on Tuesday, rebounding sharply from early losses on lift from technical trading and data showing a pickup in exports of the U.S. oilseeds. Corn prices weakened, and wheat futures fell sharply. The most-actively traded Chicago Board of Trade soybean contract rose 0.6 per cent to $12.71-1/2 […] Read more

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

U.S. grains: Chicago soybeans firm, risk aversion caps gains

Corn and wheat drop, export data eyed

Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture […] Read more


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

U.S. grains: Chicago wheat up off three-year low after steep sell-off

CBOT corn rises, soybeans flat as Brazil plantings race forward

Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more




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

U.S. grains: Corn hits one-month high ahead of USDA data

Chicago soy falls on energy drop; wheat ticks down

Reuters –– Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said. The markets are waiting for the U.S. Department of Agriculture to issue quarterly grain stocks data on Friday. The most-active corn contract on the Chicago Board […] Read more


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

U.S. grains: Soy, corn futures end up

U.S. harvests advance slower than expected

Chicago | Reuters — U.S. soybean futures ended higher on Monday as the market recovered from its lowest level since early August, while corn and wheat futures also rose. After trading ended, the U.S. Department of Agriculture reported that soy and corn harvests advanced more slowly last week than analysts expected. The soybean crop was […] Read more

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

U.S. grains: Corn up off near-three-year lows

CBOT soybeans, wheat end lower

New York | Reuters — U.S. corn futures rose on Tuesday on bargain-buying after prices touched the lowest levels in nearly three years, but gains were limited by expectations of an ample harvest and weak export demand, traders said. Soybeans ended lower after choppy trading, setting a one-month low on pressure from better-than-expected U.S. crop […] Read more