The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.













Canola blooms near Stockholm, Sask, July 20, 2024.

Canola goes bullish

A few factors have lined up to improve the outlook for canola

Canola futures markets have improved by about $100 per tonne over the past month, trading in mid-October at their highest levels since the end of July.