(Dave Bedard photo)

Canola, wheat acres in opposite trends before StatsCan report

'Every commodity was offering options that were profitable'

Reading Time: 2 minutes MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more

CBOT December 2021 corn (candlesticks) with 20-day moving average (yellow line) and MGEX, CBOT and K.C. September 2021 wheats (black, green and orange lines). (Barchart)

U.S. grains: Court ruling, rains pressure corn, soy

CBOT wheat down, MGEX spring wheat up

Reading Time: 2 minutes Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more


Fumonisin mycotoxins infect broken or cracked corn kernels, although it mostly happens in southern climates and isn’t as big of an issue in Canada yet.

Accidental discovery could be a mycotoxin game-changer

AAFC scientists discovered an enzyme that converts fumonisin mycotoxins into a non-toxic form

Reading Time: 3 minutes An enzyme that makes some mycotoxins less deadly has been discovered by a team of Agriculture and Agri-Food Canada (AAFC) scientists at the London Research and Development Centre in London, Ont. Why it matters: Mycotoxin contamination in crops can have a huge economic impact for farmers and biofuel producers, and ingestion by humans or livestock can have […] Read more

CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soybean futures fall after rain

Chicago corn, wheat futures both mixed

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities. […] Read more


MGEX September 2021 spring wheat (candlesticks) with 20-day moving average (green line) and CBOT September 2021 wheat and corn (yellow and orange lines). (Barchart)

U.S. grains: Wheat rallies on Plains weather concerns

Chicago soybeans, corn weaker

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop prospects in the U.S. Midwest […] Read more

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health

CBOT September wheat down, MGEX September wheat up

Reading Time: 2 minutes Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost […] Read more


CBOT July 2021 soybeans (candlesticks) with Bollinger bands (20,2) and November 2021 soybeans (yellow line). (Barchart)

U.S. grains: Soybeans firm on long-term forecast, China demand

Wheat mixed on winter crop harvest, spring wheat drought

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures advanced on Monday on renewed buying by China and as concerns lingered about dry conditions in western portions of the Midwest farm belt despite scattered storms over the weekend. Corn futures were mostly lower as rain in the central corn belt boosted crop prospects, while wheat was mixed […] Read more

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (orange line) and July 2021 soybeans (dark green line, left column). (Barchart)

U.S. grains: Corn, soy, wheat up after sell-off

Some traders feel Thursday's sell-off overdone

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned […] Read more


CBOT July 2021 corn (candlesticks) with MGEX, CBOT and K.C. July 2021 wheat (green, black and orange lines). (Barchart)

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

CBOT wheat follows trend lower

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago […] Read more

Corn seedlings in southern Ontario. (Farmtario photo by John Greig)

CBOT weekly outlook: Weather market expected for rest of month

Reading Time: < 1 minute MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs and flows than the latest […] Read more