Weather concerns drive market rallies

Generous U.S. crop estimates aren’t likely to last

ICE Futures canola contracts climbed higher during the second week of July, with the most-active November contract gaining roughly $200 per tonne in less than two months to hit its strongest level since January. The ongoing uptrend in canola saw futures break through their 200-day moving average during the week, with speculators covering short positions

Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)

U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower

Wheat futures had risen in four of the previous five sessions

Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five


Under rainy skies on July 18, 2023 at Ag in Motion, Justine Cornelsen of Brett Young Seeds discusses soybeans’ evolving Canadian acreage base. (Glacier FarmMedia video screengrab)

At Ag in Motion: Soybean proponents still eye western expansion

Crop seen as a good add to rotations -- if conditions are right

While canola is king of the Canadian oilseed market, the same can be said of soybeans in the United States. However, the big pulse crop south of the border has made inroads in the western provinces. Manitoba has seen the biggest growth in soybean acres with well over a million planted annually in recent years,

(Medioimages/Photodisc/Getty Images)

U.S. grains: wheat sees biggest jump since aftermath of Russia’s invasion of Ukraine

Soybean futures have risen for five sessions in a row

Chicago | Reuters U.S. wheat futures jumped 8.5% on Wednesday, their biggest daily gain since days after Russia’s invasion of Ukraine, as intensification of the war threatened to slow grain export shipments from a major global supplier. The benchmark Chicago Board of Trade soft red winter wheat contract Wv1 briefly touched its daily trading limit


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

CBOT weekly update: Dry conditions, war propel prices upward

Rally may push well into the week of July 24 and perhaps further: broker

MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher.  Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made

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

US Grains: wheat futures end firmer amid Black Sea supply worries

Ukrainian officials said Russian air strikes damaged the port of Odesa

Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets


CBOT September 2023 soft red winter wheat with Bollinger bands (20,2), MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat, corn fall as Black Sea grain deal expires

Grain traders hope pact may still be renewed

Chicago | Reuters — U.S. grain futures fell on Monday as Russia’s exit from the Black Sea export deal failed to shock traders. Wheat and corn futures slumped after earlier rising to two-week highs when Russia announced it was leaving the agreement that lets Ukraine export grain through the Black Sea. Russia had long threatened

(File photo by Dave Bedard)

Net short position nearly gone in canola

Traders still net short in CBOT wheat, corn

MarketsFarm — Speculative traders continue to exit their bearish bets in canola, with the net short position dipping below 4,000 in the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July 11, the net managed money short position in canola futures came in at 3,899 contracts (34,124 short,


CBOT September 2023 soft red winter wheat with 20-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat, corn rise as Ukraine shipping deal set to end

Soybeans mixed on profit-taking, supply questions

Chicago | Reuters — U.S. wheat futures rose on Friday as drought conditions in Canada and the northern Plains continue to weigh on the market, as does uncertainty over the future of Ukraine’s wartime grain export shipping deal that is set to expire on Monday. Corn followed wheat up on yield concerns and technical trading.

CBOT December 2023 corn with Bollinger bands (20,2) and U.S. dollar index (black line). (Barchart)

U.S. grains: Corn, soy rally as focus returns to weather, dollar

Wheat traders keep one eye on Black Sea deal

Chicago | Reuters — U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as