CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans climb on export optimism

Chicago wheat eases on profit-taking

Chicago | Reuters — Chicago soybean futures rose on Wednesday, with the July contract hitting a two-month high on optimism about export demand for U.S. supplies of the oilseed, analysts said. Corn followed soybeans higher, with front contracts leading the way up in both markets. But wheat futures fell on profit-taking, easing a day after

Global wheat prices hit record levels in March after war broke out among top exporters Russia and Ukraine, and that came on the heels of an already-tight supply situation.

U.S. winter wheat health among worst ever, yield prospects dicey

Reuters – The U.S. winter wheat crop has emerged from dormancy in miserable condition following a historically dry winter in key production states, almost guaranteeing that the harvest will not rank among the country’s better ones. The timing is not great since tensions in the wheat market are running high. Global wheat prices hit record


A sign at a Caprabo supermarket in Barcelona, Spain notes a purchase limit of two one-litre bottles of sunflower oil or a carafe per person on March 21. Ukraine’s output usually makes up a significant share of the world’s exportable sunflower oil supply.

Canola’s uptrend intact, even for new-crop futures

Supplies of vegetable oils are looking tight worldwide

The ICE Futures canola market held strong during the first week of April, with new-crop months hitting fresh contract highs. While the old-crop fundamentals of tight supplies remain supportive, the continued rise in the deferred months is somewhat puzzling at first glance. As far as the old crop is concerned, the cupboards are almost bare.

(Thinkstock photo)

Prairie cash wheat: Bids up on Ukraine projections, poor U.S. winter wheat conditions

U.S. May wheats up on week

MarketsFarm — A sharp reduction of wheat acres in war-torn Ukraine and poor crop conditions in the United States all brought support to wheat bids in Western Canada for the week ended Thursday. Russia’s invasion of Ukraine has not only posed major difficulties exporting grain out of the country, but will also prevent wheat acres


“Canada’s variety evaluation, registration and classification system is world class as is the quality of milling wheat producers deliver into the system... ” – Gord Harrison, CNMA.

Canadian millers loyal to Canadian wheat

Russian wheat is arriving in Canada as part of finished food products

Canadian millers are not importing Russian wheat, but it’s possible Russian wheat is an ingredient in some manufactured foods imported by Canada. That’s according to Canadian grain industry officials, reacting to a recent Globe and Mail story. “I wouldn’t be surprised if some of the bread we buy in Canada contains Russian wheat,” Sylvain Charlebois,

CBOT May 2022 wheat (candlesticks) with 20-day moving average (black line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Chicago wheat firmer on U.S. crop conditions’ decline

CBOT corn, soybeans also gain

Chicago | Reuters — Chicago wheat climbed on Tuesday as worse-than-expected U.S. crop conditions added to global supply concerns already heightened by Russia’s invasion of Ukraine. Corn and soybeans were also higher, bolstered as U.S. growers weigh last-minute planting decisions. The most active wheat contract on the Chicago Board of Trade (CBOT) ended 35 cents



Sunflowers near the Ukrainian village of Grebeni on July 14, 2016. Expectations for a drastically reduced sunflower crop from Ukraine this year have led to contract highs in the European rapeseed market.

Someday we’ll see it, the rainbow contraction

A bull market still needs to be fed every day

Why are there so many songs about rainbows, and what’s on the other side? The best quote I heard while covering the agricultural markets over the week ended March 25 was from an analyst rephrasing the age-old saying of ‘What comes up, must come down.’ He noted grains and oilseeds will eventually ‘see both sides



When seeders roll in a few short weeks, farmers will be seeding into a volatile market and weather uncertainty.

Current market picture hangs in the balance

It’s an even murkier picture than usual this spring for farmers

Market analyst Bruce Burnett says he’s officially in uncharted territory. As director of weather and crops information for MarketsFarm (a division of Glacier FarmMedia) and an experienced market analyst, he’s used to seeing the effect of war on grain markets. But this time, things are different, as Ukraine and Russia square off in what is