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CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat drops as U.S. dollar edges higher

Australia forecasts record wheat crop; corn, soy down on good South America weather

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Reading Time: < 1 minute Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: New COVID variant scares markets

Soybeans, wheat drop; corn rebounds

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell Friday as news of a new COVID-19 variant discovered in South Africa sent oil and equities markets lower, with moves exaggerated by low trade volume across the grain and oilseed commodities. Chicago Board of Trade January soybeans lost 13-3/4 cents, at $12.52-3/4 a bushel, the contracts biggest […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Prairie grains remain firm

Transport issues slow U.S. corn flow

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Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside. Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie Ag Hotwire. Those prices remain […] Read more
(AbbieImages/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Expect sideways trading during holiday season

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Reading Time: < 1 minute MarketsFarm — Just as the United States enters its holiday season, starting with Thanksgiving, one analyst said movements on the Chicago Board of Trade (CBOT) will most likely be sideways for the balance of 2021. “There’s good weather in South America, maybe too much rain in Australia. We have to remember rain makes grain,” Bryan […] Read more
CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (orange line) and MGEX March 2022 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Markets retreat on pre-Thanksgiving liquidation

CBOT wheat down off peak; corn, soy also slide

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell from multi-year highs on Wednesday and corn and soybeans eased in a profit-taking and liquidation sell-off ahead of the U.S. Thanksgiving holiday. A firmer U.S. dollar added pressure, but losses in corn and soy were tempered by signs of improved export demand. Markets will be closed on […] Read more
CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies to nine-year peaks on supply worries

Corn extends gains, soybeans ease ahead of holiday

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Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures rose to nine-year highs on Tuesday as declining weekly U.S. crop condition ratings stoked supply concerns and sparked fresh buying that more than offset earlier profit-taking pressure. Corn extended prior-session gains in light trading, while soybeans eased as traders squared positions ahead of this week’s U.S. Thanksgiving […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC lowers canola export forecast

Domestic canola usage raised; other crops largely unchanged

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Reading Time: 2 minutes MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in 2021-22 are now forecast at […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms with exports in focus

Chicago corn, soybeans fall

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, with strong buying interest by importers keeping prices near the multi-year highs hit earlier this week. Corn and soybean futures fell but the market was underpinned by strength in the cash market as grain dealers tried to entice U.S. farmers to book sales instead of […] Read more
Kansas City December 2021 wheat (candlesticks) with CBOT December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy ease on profit-taking

Canada's latest export disruptions supportive

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] Read more

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