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Soybeans

(Dave Bedard photo)
Canola, Crops, Markets

Spec short position grows in canola

Managed money net long in soy, corn

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Reading Time: < 1 minute MarketsFarm — Speculators were busy adding to their growing net short position in canola during the week ended Jan. 24, according to the latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 32,625 contracts on Jan. […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm as Argentina drought worries persist

Cold snap in U.S. brings renewed wheat damage fears

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans climbed on Monday, underpinned by concern that drought-damaged crops in Argentina could face more dry weather. Wheat inched higher after climbing to four-week highs earlier in the session on fears a cold snap in U.S. grain belts could lead to crop damage, while potential escalations in the Russia-Ukraine war […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures weak, corn firm

Wheat mixed ahead of weekend

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Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures fell on Friday on expectations that recent rains in Argentina boosted crop potential from that key South American exporter, traders said. Wheat futures were mixed, with the most-active Chicago Board of Trade soft red winter wheat contract sagging on position squaring after notching its biggest weekly gain in […] Read more
A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)
Canola, Crops, Machinery, Soybeans

Imperial Oil clears Edmonton renewable diesel plant for construction

Quick decision motivated in part by need for feedstocks such as canola oil, company says

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Reading Time: 2 minutes Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more
CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, soy, corn up on strong export report

South America crop progress limits corn, soy gains

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybeans jumped on Thursday on support from a government report that showed strong overseas demand for all three commodities, traders said. “We had some decent export sales compared to what we have seen the last few weeks and that trend, particularly for corn and wheat, is likely […] Read more
CBOT March 2023 soybean oil (candlesticks, right column) with Bollinger bands (20,2) and CBOT March 2023 soybean meal (black line, left column). (Barchart)
Crops, Markets

CBOT weekly outlook: Commodities largely rangebound after USDA report

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Reading Time: 2 minutes MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner of Allendale Inc. in McHenry, Ill. “We’re actually at prices where it was in early August,” Ettner said, pointing to something of a back-and-forth shifting […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rise on Ukraine war concerns

March corn sags, March soybeans up

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday on concerns that any intensification of Russia’s war on Ukraine could clog the export pipeline from those two major exporters. “I think the market is trying to price in an increasing likelihood that an escalation … turns into a European theatre war,” said Mike Zuzolo, […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line), (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago wheat, corn climb after weather pressure

Investor optimism on economy helps underpin grains

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures firmed on Tuesday, supported by investor optimism after easing a day earlier on precipitation in both Argentina and the U.S. Plains. Soybean futures began the day firmer but failed to maintain support as forecasts in South America call for more rain. The most-active wheat contract on […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans fall as rain expected to aid Argentine crop

Snow in U.S. Plains pressures wheat

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Monday for a fourth consecutive session as rainfall in Argentina’s parched growing areas diminished concerns over crop damage. Wheat fell to nearly 16-month lows as snow and rain across parts of the U.S. Great Plains brought needed moisture to winter wheat crops, while corn followed wheat […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans sag on improving Argentine crop weather

Chicago wheat up on weekly sales data

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a one-week low on Friday, declining for a third straight session as traders fixated on forecasts for welcome rains in drought-hit Argentina, analysts said. Corn ended mostly lower on the Argentine weather outlook, but better-than-expected weekly U.S. grain export sales limited losses in corn and lifted wheat […] Read more

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