CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and CBOT July 2021 corn (orange line, left column). (Barchart)

U.S. grains: Corn, soy drop; soyoil limit-down

Spring wheat futures guide wheat markets lower

Chicago | Reuters — U.S. corn and soybean futures eased and soyoil futures plunged by their daily trading limit on Friday on concerns about demand for renewable fuel feedstocks after news the White House was considering offering fuel refiners relief from biofuel blending mandates. The Reuters report that the U.S. Environmental Protection Agency was pondering […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Canola market pits weather against supplies

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

CBOT weekly outlook: Wet weather pressures markets ahead of USDA report

MarketsFarm — After hot and dry weather sent corn and soybean prices climbing higher in early June, much-needed rains brought bids down at the Chicago Board of Trade on Wednesday. Weather accounted for “90 per cent” of the pricing influence, according to Sean Lusk, vice-president of the commercial hedging division for Walsh Trading in Chicago. […] Read more

Map from the Canadian Drought Monitor as of May 31, 2021. (Agriculture and Agri-Food Canada)

Drought conditions improve in May for some of Prairies, not all

MarketsFarm — Significant precipitation through May relieved drought conditions across parts of the Prairies, while other areas remained significantly dry, according to the latest assessment from the Canadian Drought Monitor as of May 31. This precipitation improved soil moisture conditions for the short-term, decreasing the area of moderate (D1) and severe drought (D2) in central […] Read more


CBOT July 2021 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CME July 2021 crude palm oil (purple line). (Barchart)

U.S. grains: Soybean futures fall, corn firm ahead of USDA report

CBOT, MGEX July wheats down; K.C. wheat up

Chicago | Reuters — U.S. soybean futures dropped 1.2 per cent on Wednesday, pressured by a round of profit-taking and weakness in the cash market, traders said. Wheat futures also were mostly lower after rain in the northern U.S. Plains eased some concerns about parched soils limiting the size of the crop. Corn futures were […] Read more

Pinto beans. (Vergani_Fotografia/iStock/Getty Images)

Pulse weekly outlook: Manitoba crops emerge despite dry soils

Beans 'tougher than people think'

MarketsFarm — While Manitoba continues to deal with drought conditions in many growing areas, planting of pulses and soybeans is near done and some pulses are starting to emerge. “Pea and fava bean seeding wrapped up a while ago,” said Cassandra Tkachuk, production specialist for Manitoba Pulse and Soybean Growers (MPSG). “Dry bean planting actually […] Read more


CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and ICE July 2021 canola (yellow line). (Barchart)

U.S. grains: Midwest forecast supports gains in soy, corn

CBOT wheat up, MGEX wheat down

Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday after a government report showed that the condition of crops was worse than expected as a heat wave hit the U.S. Midwest. “Yesterday’s Crop Progress report provided plenty of fodder for the bulls,” Matt Zeller, director of market information at StoneX, said in […] Read more

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (yellow line) and MGEX July 2021 spring wheat (orange line). (Barchart)

U.S. grains: Corn, soybeans mixed as traders eye weather

MGEX wheat down off highs on Prairie rains

Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect […] Read more


File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)

Feds launch consultations on next ag policy framework

Programming types, cost-sharing among expected contentious points

Consultations for Canada’s next agricultural policy framework are officially underway. The five-year framework agreement currently in place, known as the Canadian Agricultural Partnership (CAP), is a $3 billion funding deal between federal, provincial and territorial governments that funds a wide range of programming within the sector. That deal, agreed upon in mid-2017, kicked off in […] Read more

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Weather risk adds premium to corn, soy, wheat

Brazil drought set to cut corn crop, hamper river logistics

Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per […] Read more


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