CBOT March 2023 corn with 20-, 100- and 200-day moving averages. (Barchart)

U.S. grains: Corn, soy up off early declines on export data

Chicago wheat follows suit

Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures rallied to multi-month highs on Tuesday as signs of export demand and follow-through support from last week’s bullish U.S. government supply/demand reports overshadowed early pressure from wetter South American weather forecasts, traders said. Wheat followed the higher trend. CBOT March corn settled

a wheat field in Australia

Australia set for record wheat crop as harvest wraps up

Grain traders down under expect a massive 42 million-tonne wheat crop

Australia wheat production is expected to be a record 42 million tonnes as results from the final phase of harvest show higher yields in the world’s second-largest exporter of the grain, traders and an analyst said. Higher Australian wheat output comes at a time of stiff competition from the Black Sea region, where all-time high


(File photo by Dave Bedard)

Fund traders flip back to short side on canola

Corn traders reduce net long position

MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures




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

U.S. grains: Soy, corn rise on smaller U.S. harvest, Argentina drought worries

U.S. markets closed Monday for Martin Luther King Jr. Day

Chicago | Reuters — U.S. soybean futures climbed for a third straight day on Friday and corn scaled to a 1-1/2 week top on follow-through buying after bullish U.S. Department of Agriculture (USDA) crop data the prior day and concerns about poor South American weather. Both markets gained more than two per cent since USDA


Over the last 20 years, more grain has been shipped in containers but the Canadian industry has been slower than other countries to adopt this method.

Shipping containers could open new doors to international grain trade

Web portal poised to facilitate direct sales to overseas markets

The Canadian grain shipping industry needs a paradigm shift, according to one grain transportation expert. Adil Cubukgil launched the Prairie Grain Portal (prairiegrainportal.com) in September 2021 to facilitate direct sales to overseas markets and add weight to the notion that Canada’s grain sector would benefit by increasing the portion of containerized grain shipments leaving its

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

World wheat stocks to tighten despite larger crop, IGC says

Corn stocks also revised lower

MarketsFarm — World wheat production in the 2022-23 marketing year will likely end up slightly higher than earlier projections, according to the latest estimates from the International Grains Council. However, with usage predictions also rising, carryout stocks were revised slightly lower. In a report released Thursday, the IGC pegged 2022-23 world wheat production at 796


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

U.S. grains: Corn, soybeans surge after USDA cuts 2022 harvest view

Brazil's CONAB projects big corn crop, record soy crop

Chicago | Reuters — U.S. corn and soybean futures rallied on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its 2022 harvest estimates for both crops, which would mean smaller-than-expected supplies. Wheat futures gained on spillover support from rising corn and soy. Traders largely shrugged off USDA’s larger-than-anticipated winter wheat crop acreage estimate

File photo of the facade of the U.S. Department of Agriculture building in Washington, D.C. (Camrocker/iStock/Getty Images)

CBOT weekly outlook: Bullish USDA report lifts grain markets

MarketsFarm — The bulls were off and running Thursday after the U.S. Department of Agriculture (USDA) released its monthly supply/demand estimates, which showed underwhelming grain production and ending stock figures for the 2022-23 marketing year. U.S. corn production was estimated at 13.73 billion bushels, 192 million below the lower end of trade expectations despite a