File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)

Feed weekly outlook: Crop conditions, barley demand lower

Prices expected steady to lower for now

MarketsFarm — As combining operations begin, dryness continues to plague crops in many parts of Saskatchewan. But while crop conditions aren’t as bad as they were during the drought of 2021, according to trader Evan Peterson from JGL Commodities in Saskatoon, crops are still very parched. “Southern and western parts are very, very poor. But

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

U.S. grains: Corn, wheat firm ahead of USDA report

CBOT soybeans end mixed

Chicago | Reuters — Chicago Board of Trade corn and wheat futures firmed on Thursday, with traders unwinding bearish bets ahead of a key U.S. government report on supply and demand on Friday. The soybean market was mixed, with thinly traded old-crop contracts easing and new-crop contracts firming as investors adjusted positions ahead of the


Canola falls in pre-harvest wait

Canola falls in pre-harvest wait

Weather conditions batter against speculation, demand lull

ICE Futures canola contracts moved lower as the calendar flipped to the new 2023-24 crop year, but managed to uncover support in the early days of August. While Prairie weather remains a major market driver, speculative positioning and a lack of significant commercial demand weighed on values. November canola fell below its 20-day moving average

Weather extremes trim EU 2023-24 grain prospects

Weather extremes trim EU 2023-24 grain prospects

European weather has swung wildly

Reuters – Europe’s grain crop is expected to drop due to wildly ranging growing conditions, according to an Aug. 2 report by the U.S. Department of Agriculture’s Foreign Agricultural Service post in Madrid, Spain. The agency reported that the bloc has suffered “weather conditions ranging from excessive heat to cooler-than-average temperatures, and from drought to


CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle up on U.S. supply worries

CME lean hog futures sag

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Wednesday as tight U.S. supplies continued to support the market, analysts said. Feeder cattle futures also advanced, while lean hog futures declined. The live cattle market is largely trading sideways in the most-active contract this week after finishing with strong gains on Friday,

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Few changes expected in coming U.S. reports

Trade's expectations already factored into prices

MarketsFarm — Soybeans may see significant changes in new-crop carryout numbers when the U.S. Department of Agriculture (USDA) releases several key reports Friday, but corn and wheat estimates will likely stay put for the most part, according to one analyst. USDA releases both its crop production report and its monthly world agricultural supply/demand estimates (WASDE)


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

U.S. grains: Soy futures rise, wheat drops

Traders adjust positions ahead of USDA report due Friday

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday on improving U.S. export demand and as the market recovered from a one-month low reached in the previous session, analysts said. Corn and wheat futures declined. Exporters sold 251,000 metric tonnes of U.S. soy to China, the largest buyer of the oilseed,

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

U.S. grains: Corn, soybean futures firm

Chicago wheat weak on demand view

Chicago | Reuters — U.S. soybean and corn futures edged higher on Tuesday, recovering from early weakness as investors covered short positions ahead of a key U.S. government crop outlook on Friday, traders said. Wheat futures dipped, with concerns about weak demand for U.S. supplies weighing on the market after Egypt booked another deal for



A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023.

Comment: Why Russia pulled out of its grain deal with Ukraine

What does the move mean for the global food system?

The Russia-Ukraine grain deal that has been critical to keeping global food prices stable and preventing famine is now in tatters. On July 17, Russia said it was pulling out of the year-old deal, which allowed shipments of grains and other foodstuffs to travel past the Russian naval blockade in the Black Sea. To make