CBOT July 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago grains up off new lows, end week higher

Wheat rebounds off another 21-month low

Reading Time: 2 minutes Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more

CBOT July 2023 soft red winter wheat with 50-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat, corn hit fresh lows

Export competition, China cancellations drag on futures

Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle […] Read more


CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures firm as corn prices fall

Lean hog futures down on profit-taking

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended firm on Thursday as corn futures sank to a nine-month low. Falling corn prices raised prospects for reduced feeding costs, traders said. Hog futures weakened, pressured by a round of profit taking after hitting their highest since April 4. The gains in cattle were kept […] Read more

File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)

Feed weekly outlook: Grain area to increase this year

Oats area expected to be reduced

Reading Time: < 1 minute MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more


CBOT July 2023 soft red winter wheat with 100-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat closes down as global supplies look strong

Market monitoring Plains rain relief, Black Sea grain talks

Reading Time: 2 minutes Mexico City | Reuters — Chicago grains and soybean futures closed lower to mixed on Wednesday, as traders eyed sluggish demand and upcoming U.S. export sales data. Wheat fell on news of ample short-term global supplies, despite the risk that an agreement allowing exports from war-torn Ukraine may end next month. Canadian farmers intend to […] Read more

CME June 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: Cattle rise as corn prices drop

Chicago lean hogs also strong

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose Wednesday, supported by weakness in corn prices that boosted expectations for lower feeding costs, traders said. Hog futures rallied on strength in the cash markets. CME’s most-active June live cattle contract gained 0.55 cent, to 164.575 cents, rising above its 10-day moving average (all figures […] Read more


Damage is seen from a rain-wrapped tornado at Cole, Okla., just south of Oklahoma City, on April 19, 2023, in a screengrab from a social media video. (Photo: Hans Duran video screengrab via Reuters)

CBOT weekly outlook: U.S. rain, StatCan report biggest influences

Russia's sabre-rattling not yet swaying markets

Reading Time: 2 minutes MarketsFarm — The three to five inches of rain received Wednesday in Kansas and Oklahoma have put pressure on Kansas City and Chicago wheat prices on the Chicago Board of Trade (CBOT), according to broker Ryan Ettner of Allendale Inc. Added to that, Statistics Canada’s (StatCan) report on prospective plantings, also received Wednesday, has weighed […] Read more

File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

Reading Time: 2 minutes MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest […] Read more


CBOT July 2023 soft red winter wheat with 20-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago grains flat or down with weather, Black Sea in focus

Large Russian supplies temper fears over Black Sea deal collapse

Reading Time: < 1 minute Mexico City | Reuters — Chicago grain futures closed flat or lower on Tuesday, with wheat hitting a 21-month low, as markets were weighed down by a dip in stocks and crude oil and clear forecasts for U.S. planting weather, traders said. Corn closed slightly up as the market weighed increasing export competition from Brazil, […] Read more

CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn hits eight-month low

Soybeans, wheat at one-month low

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures slumped on Monday to an eight-month low after the government announced that China canceled some purchases of U.S. supplies of the grain. The cancellations, which also weighed on wheat and soybean futures that hit one-month lows on Monday, highlighted concerns about weak demand for U.S. […] Read more