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Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Rallies end as plantings continue slow pace

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Reading Time: 2 minutes MarketsFarm — Soybean and wheat prices on the Chicago Board of Trade (CBOT) rallied throughout the week, but may start to ease as spring plantings progress. Terry Reilly, senior agriculture futures analyst for Futures International in Chicago, said India’s newly-implemented ban on wheat exports starting last Saturday due to a severe heat wave was the […] Read more
CBOT July 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks

Soybeans, corn also pull back on wheat pressure, profit-taking

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago wheat firm as worries about global supplies remain

Corn retreats, soybeans also firm

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
CBOT July 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago wheat limit up on India’s export ban

CBOT corn, soybeans also higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids climb higher

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Reading Time: 2 minutes MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according […] Read more
CBOT July 2022 soft red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat, corn ease off rally on supply concerns

Export outlook, crude oil support soybeans

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts […] Read more
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Crops, Markets

CBOT weekly outlook: Markets react to USDA supply/demand estimates

Wheat data 'surprisingly supportive'

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture (USDA) on Thursday released its monthly world agriculture supply/demand estimates (WASDE) — the first to show estimates for the 2022-23 marketing year — and markets reacted quickly. Ryan Ettner, a broker for Allendale Inc. at McHenry, Ill., said that while figures for corn and soybeans were in line […] Read more
K.C. July 2022 hard red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and CBOT July 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheats up on ‘indisputably bullish’ cuts to harvest estimates

MGEX July wheat limit up, K.C. July wheat hits contract high

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures set contract highs on Thursday as the U.S. Department of Agriculture (USDA) slashed its production forecast for the variety that is grown in the U.S. Plains and used to make bread. USDA, in a monthly crop report, projected hard red winter wheat output at 590 million bushels, down […] Read more
MGEX July 2022 spring wheat (candlesticks) with CBOT July 2022 wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Supply worries, weather spur rallies

Market awaits USDA world crop report; rains delay U.S. spring wheat plantings

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the […] Read more
CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains firm after planting-inspired decline

USDA world report eyed for gauge of Ukraine war, harvest prospects

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures edged up on Tuesday, a day after sliding on macroeconomic worries, as traders assessed U.S. planting progress. Wheat traded near even, pressured by recent rainfall across the U.S. Great Plains, though global supply concerns underpinned the market, while corn traded near even, supported as the pace of planting […] Read more

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