File photo of a partially harvested cornfield in Minnesota. (Emholk/iStock/Getty Images)

USDA’s WASDE report throws a few curveballs

Corn carryover up significantly

MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Small changes expected in November WASDE

'Corn is going to be an issue in Brazil'

MarketsFarm — There will likely be some minor tweaks to the November supply and demand report from the U.S. Department of Agriculture on Thursday. USDA is set to publish its world agriculture supply and demand estimates (WASDE) at 11 a.m. CT. “I would say the [U.S.] corn production estimates are very likely to hold steady,


CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans spike on China demand, Brazil weather

Wheat rallies on Argentina outlook

Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day

File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

Brazil’s second corn crop facing delays

Acres either too dry or too wet for planting

MarketsFarm — There remained little doubt that Brazil’s corn safrinha (second) crop will be smaller than initially anticipated, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. He chalked up most of that due to conditions being too dry and too wet for the planting of Brazil’s soybean crop, depending on the region.


CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow high/low/close) and K.C. December 2023 hard red winter wheat (orange H/L/C). (Barchart)

U.S. grains: Wheat down on supply outlook boost

Soybeans hit two-month high before retreating; expected increase in U.S. yields weighs on corn

Chicago | Reuters — U.S. wheat futures declined on Tuesday as the markets reacted to better-than-expected crop conditions, while soybean futures climbed to a two-month high on adverse weather conditions in Brazil before retreating. The U.S. Department of Agriculture (USDA) rated 50 per cent of the country’s winter wheat crop in good-to-excellent condition after trading

“This is the part of the message nobody wants to hear, but there are some fields that aren’t suitable for things like soybeans and corn if they deal with higher levels of background salinity.” – Marla Riekman, Manitoba Agriculture.

Leaching dollars: Salinity and high-value crops

Salinity can only be managed, not fixed, so every acre is not a soybean acre

Manitoba’s weather patterns leave fields at risk for salinity to rear its head. Salinity is a water problem, not a salt problem, said Manitoba Agriculture soil management specialist Marla Riekman. It’s a symptom of big variation in water table levels, wherein rising water brings up dissolved minerals, only to orphan them high in the soil


(File photo by Dave Bedard)

Net speculative short position in canola tops 100,000 contracts

Net long increases in CBOT soy

MarketsFarm — Speculative fund traders continued to add to their large short positions in canola futures during the last week of October, taking the net managed money short position over 100,000 contracts for the first time on record, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As

CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago soybeans find two-month high

Wheat crop above expectations

Chicago | Reuters — Chicago soybean futures on Monday hit their highest level in some eight weeks on weather concerns in top exporter Brazil and arid conditions in Argentina. Corn futures finished unchanged, while wheat rose slightly as weakness in the U.S. dollar added support to the markets. Traders monitored uneven crop weather in Brazil,


Green soybean plants

Grain traders turn gaze southward

Expert's Radar: Rains have been helpful for Argentina and Australia

Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina

CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans set 6-1/2-week high

Weaker U.S. dollar lifts grains complex

Chicago | Reuters — U.S. soybean futures touched a 6-1/2-week high on Friday, lifted by uneven crop weather in top soy producer Brazil and fresh export demand for U.S. supplies, coupled with a plunge in the dollar that bolstered corn and wheat futures as well. Chicago Board of Trade (CBOT) January soybean futures settled up