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U.S. grains: Spot corn, soy futures extend gains ahead of USDA report

Reading Time: < 1 minute Chicago | Reuters – Chicago spot corn and soybean futures extended gains on Wednesday, as traders adjusted their positions ahead of a government crop report, traders said. But the most-active and deferred corn contracts eased downward, as latest forecasts see an increased chance of rain in U.S. growing areas as crop nears pollination phase. Traders […] Read more

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U.S. grains: Chicago grains rally on crop ratings, China quarantine rules relaxing

Reading Time: 2 minutes Chicago | Reuters – Chicago corn futures bounced higher on Tuesday, after a U.S. government crop conditions report showed good-to-excellent ratings for corn fell more than expected, raising concerns about the Midwest crop as it heads toward a key pollination phase of development. Wheat futures rallied on short-covering and bargain buying after three straight sessions […] Read more


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U.S. grains: Wheat futures hit lowest price since February; corn down, soy up

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures fell to their lowest price since February on Monday, pressured by the expanding harvest of winter wheat in the northern hemisphere and a lack of demand for U.S. supplies, traders said. Corn futures also fell, led by deferred contracts representing the 2022 harvest. But soybeans rose as soyoil […] Read more

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U.S. grains: Soybean, corn futures rise on bargain buying; wheat falls

Reading Time: < 1 minute Chicago | Reuters – U.S. soybean futures rose on Friday, snapping a streak of four negative sessions, on a round of bargain buying and short covering, traders said. “Prices appear to have stabilized at current levels,” Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage, said in a note to clients. “Traders that sold all week will […] Read more


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Speculators bail out of long positions in canola

Reading Time: < 1 minute MarketsFarm – Speculators continued to bail out of long positions in the ICE Futures canola market during the week ended June 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 25,117 […] Read more

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U.S. grains: Corn, soybeans, wheat plunge as economic worries rise

Reading Time: < 1 minute Chicago | Reuters – U.S. corn, wheat and soybean futures plummeted on Thursday, as investor fears of an economic downturn and improved sentiment over U.S. crops shifted attention from war disruption to Black Sea exports. Wheat futures Wv1 sank to their lowest level since March 1, soybeans Sv1 hit their lowest since May 11 and corn Cv1 hit its lowest since […] Read more


File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)

U.S. grains: Wheat firms after Russia strikes Ukraine port

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures firmed on Wednesday, rebounding from a sharp decline a day earlier as investors covered short positions following a Russian strike on a port in Ukraine that renewed fears about supply shortages, traders said. “Wheat was mostly higher today … after Russia unleashed a missile attack damaging at least […] Read more

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CBOT weekly outlook: Fears over soy scarcity now gone

Reading Time: < 1 minute MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful […] Read more


CBOT July 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures hit lowest since late March

Chicago corn, soybeans also weak

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more

(File photo by Dave Bedard)

Canola net long position smallest in 10 months

Reading Time: < 1 minute MarketsFarm — The net long position held by fund traders in the ICE Futures canola market continued to dwindle in the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC), hitting its smallest level since August 2021. The net managed money long position in ICE Futures canola came in […] Read more