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 weekly outlook: Values pull back from upper ranges
Early U.S. estimate of planting intentions due out next week
U.S. grains: Soy eases off multi-month highs
Futures down as Brazil's harvest progresses; CBOT corn, wheat also down
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
Revisions possible for Argentina corn, wheat carryouts
USDA attache has eyes on drought conditions
Reading Time: 2 minutes MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more
U.S. grains: Wheat, corn, soybean futures fall
U.S. export sales data in focus
Reading Time: < 1 minute Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina […] Read more
CBOT weekly outlook: Latest USDA adjustments do little to move market
Selling pressure short-lived after report
Reading Time: < 1 minute MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for […] Read more
Grain stocks come in as projected
StatCan report deemed neutral for canola and spring wheat, supportive for durum
Reading Time: 2 minutes MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are important because they confirm the […] Read more
U.S. grains: Soy futures fall on technical selling
Corn edges higher; wheat weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about […] Read more
Longer crop rotations can pay
The past season illustrated the benefits of building resilience through diversity
Reading Time: 5 minutes While there may be short-term costs of improving soil health through longer rotations, the past growing season in Ontario has demonstrated that they can be a good investment. “It’s one of those messages — especially in a year like 2022 — where there are growing seasons that bring it to the fore,” says Jake Munroe, […] Read more
U.S. grains: Soymeal futures set multi-year high while soybeans decline
CBOT wheat down off one-month top; CFTC trading report to be delayed
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Friday on spillover weakness from crude oil prices and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2-year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn […] Read more
U.S. grains: Wheat futures firm; technical resistance weighs
Chicago soybeans up, corn down
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Tuesday as traders eye winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season, though futures struggled against technical resistance. Soybeans futures ended up, though prices were pressured by a correction in the soymeal charts, traders said. Corn futures ended lower, […] Read more
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