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

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

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Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

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MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy eases off multi-month highs

Futures down as Brazil's harvest progresses; CBOT corn, wheat also down

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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
(Xinzheng/Getty Images)
Crops

China to plant more soy, speed up GMOs to ensure food supply

Beijing reiterates goals to increase soy acres, intercrop with corn

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Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports
CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)
Crops, Markets

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

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Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports.
The president of Quorum Corporation is concerned about a bottleneck of grain-shipping vessels on the West Coast.
News

Grain is moving, but problems persist

Systemic issues surrounding grain shipments have yet to be addressed

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Grain shipments are moving better than they were this time last year, but that’s not saying much. “Last year was awful,” Western Grain Elevator Association (WGEA) executive director Wade Sobkowich said. “We had some major deficiencies in rail service between January and March of 2022.” Indeed, things were so bad in the winter of 2022
CBOT March 2023 soft red winter wheat with Bollinger bands (20,2), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat strong on concerns about Ukraine, Russian exports

Chicago corn, soy futures rise

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Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat
German plans to end crop-based biofuels would hit farmers
Markets, News

German plans to end crop-based biofuels would hit farmers

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Any German government plans to stop crop-based biofuel production would severely hit farmers and cut rapeseed output, Thomas Mielke, CEO of Hamburg-based oilseeds analysts Oil World said Feb. 1. Smaller crushings of oilseeds in Germany would lead to a widening of the domestic protein deficit for animal feed and require increased imports of soybeans and
CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

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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

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