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Soybeans

CBOT May 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago futures lower on U.S. weather outlooks

Traders keep eye on warming trend for northern states

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Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that
File photo of a field of soybeans under turbines at southern Manitoba’s St. Joseph wind farm. (Dougall_Photography/iStock/Getty Images)
Crops

Sustainable soybean program underway

Food-grade, IP soy growers showing interest in verification, Soy Canada says

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A new voluntary program spearheaded by Canada’s soybean value-chain group is expected to help Canadian soy growers seeking a sustainability mark for their goods. Soy Canada on March 28 announced the rollout of Sustainable Canadian Soy, a program it said will be available for the 2023 growing season. Exporters and handlers who supply customers that
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago grains down on better weather, profit-taking

U.S. winter wheat crop rating reported at lowest since 1989

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Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier
Bachus flavenses.
Farmit Manitoba

Beneficial insects bring farmer benefit

They’re an often overlooked limiting factor for crop eating pests

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Insecticides do a lot of good work in fields but they’re also a measure of last resort. The first line of defence is frequently an unpaid and overlooked army of beneficial insects that protect the crop by feasting on its insect foes. John Gavloski, Manitoba’s provincial entomologist, told a recent Crop Talk webinar that often when pest populations
(Dave Bedard photo)
Crops, Markets

Canola short position finally subsiding

CBOT wheat, corn also net short

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MarketsFarm — After hitting the largest speculative short position in canola on record, managed money fund traders were finally covering those bearish bets in late March, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of March 28, the net managed money short position in canola futures
CBOT May 2023 soybeans with 20-day moving average (right column) and NYMEX May 2023 West Texas intermediate crude oil (black line, left column). (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans, wheat up on energy boost

Crude oil jumps on surprise OPEC+ output cuts

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Mexico City | Reuters — Chicago soybean and wheat futures closed higher on Monday, boosted by a rally in energy markets and concerns over U.S. crop conditions. Corn closed lower, however, as weather forecasts showed slightly drier conditions that would be favourable to planting, analysts said. Oil prices spiked after a surprise announcement by OPEC+
Data drawn from www.macrotrends.net shows peaks in the grain price index, and their corresponding valleys, since 1970.
Markets, News

What goes up…

Barring a sudden market shock, the grain market looks like it is losing steam

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Markets are an assembly of moving parts and, in this environment, inflation is a major component. If you can get the inflation versus deflation trade right, it will go a long way toward understanding how all markets could move. The commodity and consumer price inflation of the past few years started in 2020, with COVID-19
CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans climb on supportive USDA data

Corn mixed; May wheat unchanged on day

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Chicago | Reuters — U.S. soybean futures rose 2.1 per cent on Friday, climbing back above US$15 a bushel for the first time since mid-March after the U.S. Department of Agriculture’s forecast for 2023 plantings and its March 1 soy stockpiles estimate both came in at the low end of trade expectations. Corn futures ended
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat down off Wednesday’s one-month high

USDA stocks, prospective plantings reports due out Friday

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Chicago | Reuters — U.S. wheat futures fell on Thursday on profit-taking after one-month highs a day earlier and reminders of strong competition for global export business, analysts said. Nearby corn and soybean futures drifted lower as traders squared positions ahead of key U.S. plantings and stocks reports due on Friday. Chicago Board of Trade

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