CBOT August 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans gain ground on Chinese buying

Wheat rebounds after technical correction

Reading Time: < 1 minute Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more

CBOT August 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans trim back on improved crop conditions

Wheat gains on weaker U.S. currency

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more


CBOT September 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn weakens on rain across Midwest

Soybeans gain for fifth session, wheat futures tumble

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more

(Dave Bedard photo)

Funds covering short positions in canola

Reading Time: < 1 minute MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more


CBOT December 2020 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn, soy futures extend gains on China demand

CBOT September wheat eases

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose on Friday, with soybeans hitting a one-week top as a pick-up in export demand for both crops, primarily from China, sparked speculative buying and short-covering, analysts said. Soybeans got an additional boost from surging palm and soyoil futures. But forecasts for beneficial rains in the […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn up with export demand

September wheat slips off recent high

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday for a third straight session as top global soy buyer China booked more U.S. supplies of the oilseed, traders said. Corn also firmed while wheat futures fell on profit-taking following a three-week rally. Chicago Board of Trade November soybean futures settled up 8-1/4 cents at […] Read more



CBOT September 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: CBOT wheat highest since April

Spec buying, export talk lift September wheat; other crops follow

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than four per cent on Wednesday and touched a 2-1/2-month high as rising global cash prices and rumours of Chinese purchases triggered a round of speculative buying and short-covering, traders and analysts said. Soybean and corn futures also rose despite outlooks for generally favourable weather and […] Read more


CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy up after crop ratings dip

Corn sags despite sale to China

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures edged higher on Tuesday after weekly crop condition ratings declined, but improving weather in the Midwest crop belt kept a lid on rallies by backing expectations for large harvests, traders said. Corn closed lower, shrugging off news of a massive Chinese purchase of U.S. corn. Wheat firmed, buoyed […] Read more

(File photo by Dave Bedard)

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

Reading Time: < 1 minute MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more