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CBOT May 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures hit six-week low on projected plantings

Corn, soy, wheat prices to drop from 2022, USDA predicts

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at 91 million acres, up from […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average, 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 nears one-month low on Black Sea competition

Chicago soybeans, corn also lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to their lowest in nearly a month on Wednesday as an Egyptian purchase tender highlighted export competition from the Black Sea region, tempering worries about war disruption to Ukrainian supplies, analysts said. Soybean futures fell on profit-taking and expectations of increasing soy export competition from Brazil, where […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Wide array of factors affecting grain prices

Corn, soy see speculative profit-taking

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Reading Time: 2 minutes MarketsFarm — Recent rains in parts of South America, as well as a correction in the markets, have paused rallies in corn and soybeans on the Chicago Board of Trade (CBOT), according to one trader. Jack Scoville, vice-president of The Price Futures Group in Chicago, said that while central and southern Argentina are still mired […] Read more
CBOT March 2023 soybeans with 20-day moving average (right column) and CBOT March 2023 soyoil (dark green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Firmer U.S. dollar drags on CBOT wheat

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president of Iowa-based U.S. Commodities. “The […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Little change in wheat bids

U.S. wheat futures up on week

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Reading Time: 2 minutes MarketsFarm — Despite bullish factors affecting wheat futures on the Chicago Board of Trade (CBOT), western Canadian wheat bids did not see much change during the week ended Thursday. Futures prices for all three major U.S. varieties increased week-by-week, mostly fuelled by large gains on Feb. 10, as traders shifted focus to Russia’s invasion of […] Read more
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn, wheat inch higher ahead of holiday weekend

Chicago markets close Monday for Presidents Day

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures closed modestly higher on Friday as traders squared positions ahead of a three-day U.S. weekend and weighed contrasting crop prospects in South America, analysts said. Uncertainty about the future of a Black Sea grain export corridor underpinned values, while a firming dollar […] Read more
CBOT March 2023 soybeans (candlesticks) with 20-day moving average and November 2023 soybeans (dark green o/h/l/c). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans end higher in choppy trade

CBOT corn mixed, wheat down; MGEX, K.C. wheats up

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow high/low/close) and K.C. March 2023 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Values pull back from upper ranges

Early U.S. estimate of planting intentions due out next week

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Reading Time: 2 minutes MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy eases off multi-month highs

Futures down as Brazil's harvest progresses; CBOT corn, wheat also down

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday on profit-taking after Monday’s multi-month highs and fundamental pressure from the advancing harvest of a likely record-large soy crop in Brazil, analysts said. Corn and wheat drifted lower in technical moves with worries about a global recession adding to bearish sentiment. Chicago Board of Trade […] Read more

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