CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans gain on hope of continued China purchasing

USDA hiked world wheat stocks to record high; corn gains after ethanol demand cut less than expected

Chicago | Reuters — Chicago soybean futures rallied late on Friday as hopes of continued U.S. exports to top-importer China supported prices. Wheat futures rebounded after touching a three-week low at the Chicago Board of Trade earlier in the session, as the U.S. government’s forecast for a record world wheat stock added supply pressure. Corn […] Read more

(Lisa Guenther photo)

CBOT weekly outlook: WASDE largely neutral for soy, corn

MarketsFarm — The world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) had a “benign effect” on the Chicago Board of Trade (CBOT), according to one trader. That’s mainly because U.S. production estimates for corn, wheat, and soybeans were largely unchanged. The U.S. soybean production estimate for 2020-21 was unchanged […] Read more


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

U.S. grains: Wheat nears two-month low on export competition

Corn, soybean futures also sag

Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged […] Read more



(Dave Bedard photo)

U.S. corn production expected way up in USDA’s May WASDE

MarketsFarm — There will be sharp increases in the United States’ 2020-21 corn production — and especially in ending stocks, according to the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA). The department issued its latest world agricultural supply and demand estimates (WASDE) on Tuesday. U.S. soybean planted acres and […] Read more

CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans climb on Chinese buying ahead of crop report

Wheat wrestles with demand concerns, weather woes

Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more



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

U.S. grains: Soybeans, wheat climb on currency

Corn rises and falls with oil

Chicago | Reuters — Chicago soybean and wheat futures on Thursday posted their biggest gains in two weeks, as a falling U.S. dollar made exports more attractive against South American and Black Sea grain producers. Corn futures climbed early on strong U.S. export sales and an early jump in crude oil prices, but settled only […] Read more


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

U.S. grains: Corn rally sputters, wheat slides on growing conditions

Soybeans up, eyes on South American crop

Chicago | Reuters — A rally in Chicago corn futures on Tuesday that was buoyed by a run-up in the energy market sputtered by day’s end as crude oil prices slipped. May corn futures climbed nearly two per cent in mid-day trading, but cut gains in half as crude oil prices closed down for a […] Read more

A canola field blooms in Manitoba’s Interlake on July 11, 2019.  (Greg Berg photo)

Canola production paths diverge for Canada, Australia

Issues seen in Canadian crop quality, logistics

MarketsFarm — Canola production is on different paths in Canada and Australia, according to the respective attachés from the U.S. Department of Agriculture (USDA). For the world’s top two canola exporters, the attachés forecast production in Canada to remain steady and project strong gains for Australia. USDA’s Foreign Agricultural Service (FAS) published the reports Monday, […] Read more