CBOT May 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybean, corn futures end week strong

Chicago May wheat falls

Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans

Today’s farms are bigger, more resourceful, and more efficient.

Comment: Farmland prices continue to go up… and up

Farmland is getting expensive, and that’s not necessarily a bad thing

We all know what’s happening to real estate these days. Everything got more expensive in a hurry, fueled by rock-bottom interest rates. But farming has also been impacted by lower interest rates and investors looking for safety and better yields. The increase in farmland value in Canada has been nothing short of spectacular. The value


CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans up on technical bounce

Wheat firm; corn weak

Chicago | Reuters — U.S. soybean futures rose on Thursday, extending their rebound from the one-month low hit this week on a round of technical buying, traders said. “I think we got too cheap too fast and we are seeing a technical recovery,” said Scott Harms, Ag risk specialist at Archer Financial Services. Wheat futures

Cars are buried on Hennepin Avenue in Minneapolis on Feb. 23 by a winter storm that crossed the U.S. northern Plains and Midwest and brought needed precipitation to some winter wheat-growing areas.

Price trenches remain despite weather, projected plantings

Most traders expect the Black Sea Grain Initiative to be extended

North American grain and oilseed markets were up and down during the last full week of February, holding relatively rangebound overall. News of a frost in Argentina sent soybean, corn and canola values climbing higher on Feb. 21, as crop estimates out of the drought-stricken country continue to be revised lower. However, the immediate bullish reaction quickly subsided, and most


U.S. farmers expected to boost corn and wheat acreage

U.S. farmers expected to boost corn and wheat acreage

U.S. farmers will plant more corn and wheat in 2023 than they did a year earlier, taking advantage of prices that remain relatively high and declining input costs, the government said Feb. 23. Corn seedings were pegged at 91 million acres and soybean seedings at 87.5 million acres, unchanged from last year, the U.S. Agriculture

(BASF.com)

BASF halting hybrid wheat seed development in North America

Results 'have not achieved development goals we set'

Reuters — Global chemicals and crop seeds company BASF is halting development of hybrid wheat in North America after results of seed trials failed to reach development goals, the company told Reuters on Wednesday. BASF will instead focus development of the new type of wheat in European markets, aiming to launch the technology there “toward



Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also


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

U.S. grains: Corn hits lowest since August

Chicago soybeans, wheat also drop

Chicago | Reuters –– U.S. corn futures fell to their lowest level in more than six months on Tuesday and soybean and wheat futures also dropped on a round of end-of-month liquidation by investment funds, traders said. Soybeans notched the biggest declines, with the most-active contract falling 2.2 per cent, its biggest daily decline since

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)

U.S. grains: Wheat hits lowest since September 2021

Chicago corn, soy also fall

Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.6 per cent to their lowest level since September 2021 on Monday as rain across key growing areas during the weekend boosted harvest prospects for the U.S. crop, traders said. Optimism that the deal allowing grain shipments from Black Sea ports in war-torn Ukraine