CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soy futures set eight-month highs

USDA lowers South America corn, soy crop estimates

Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes,

CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soybeans dip ahead of USDA report

Wheat underpinned by U.S. dryness

Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago


ADM profit up on strong biofuel demand and ethanol margins

Reuters – Global grain trader Archer-Daniels-Midland Co. reported a jump of nearly 14 per cent in fourth-quarter earnings as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its core ag services

CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: South American dryness lifts soybeans, corn

Wheat also up

Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of


China to promote soy, corn intercropping

China’s Agriculture Ministry will promote intercropping of soybeans with corn on more than one million hectares of land this year, seeking to boost output of the oilseed without reducing production of corn. China, the world’s top soybean importer, said late last year that increasing its output of the oilseed was a political priority, but it

CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soybeans rise on South American crop shortfall

Corn, wheat also up

Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures rose in a short-covering and


CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn sags on export worries

Soy ends lower after volatile session

Chicago | Reuters — U.S. corn futures fell on Thursday on profit-taking after this week’s multi-month highs and worries about export demand after China canceled a purchase of U.S. supplies, traders said. Wheat sagged on poor weekly export data and a lack of fresh supportive news while soybean futures posted modest losses after a volatile,

Worst crop in 15 years not bad financially for some

Good prices and good crop insurance coverage helped

Warren McCutcheon is too young to recall much about the 1988 drought, but based on stories he’s heard, he suspects a combination of factors resulted in many Manitoba farmers faring better after the 2021 drought. The 1988 drought, dubbed at the time ‘the worst since the Dirty ’30s,’ triggered $790 million ($1.57 billion in today’s