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

U.S. grains: Wheat, corn, soybeans sag as traders reduce risk in new year

Stronger U.S. dollar pressures grain futures

Chicago | Reuters — Chicago Board of Trade (CBOT) grain and soybean futures closed lower on Tuesday as the dollar rallied and broad-based selling hit a range of markets, analysts said. Oil prices also tumbled, pressured by a gloomy economic outlook, while U.S. stocks struggled. Gains in the dollar made U.S. commodities, including farm products,




Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)

Feed weekly outlook: Grain, price movement ongoing over holidays

Colder weather stymies deliveries

MarketsFarm — With the Christmas break come and gone, more grain is being delivered to feedlots, according to one Lethbridge trader. Mike Fleischhauer of Eagle Commodities Ltd. said that despite the holiday season, in which lighter activity is expected, there was still some movement in feed grain prices. Wheat and barley were both valued at


CBOT March 2023 soybeans (candlesticks, right column) with 100-day moving average (black line) and CBOT March 2023 soybean meal (yellow line, left column). (Barchart)

U.S. grains: Soybeans post fourth straight annual gain on supply concerns

Weather concerns, farmer selling give wheat, corn prices a boost

Chicago | Reuters — Chicago soybeans rose on Friday and posted a sharp yearly rise, amid strong export demand and as drought in major exporter Argentina keeping the focus on supply tensions in the oilseed market. Concerns over drought in Argentina, the world’s largest exporter of soyoil and soymeal, and strong export demand drove Chicago

The 4R strategy can reduce emissions but other changes will be needed too.

No consensus on 30 per cent emissions target

Agronomists agree that 4R agricultural practices can take a bite out of nitrous oxide emissions, but exactly how big a bite depends on who you ask. Central to this question is the federal government’s target for a 30 per cent reduction in nitrous oxide (N2O) emissions on farms by 2030. Fertilizer emissions are a relatively


A farmer in China piles wheat.  Photo: Reuters/File

China to launch grain reserves company in 2023

Reuters — China’s state-owned grains trader COFCO said on Thursday a new joint venture it has set up with state stockpiler Sinograin to manage the country’s huge grain reserves will officially begin operations next month. The China Enterprise United Grain Reserve Co. Ltd. was established in September, according to the COFCO statement on its public

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

U.S. grains: Soybeans firm as investors track Argentine weather

Wheat, corn drift lower after multi-week highs

Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions


ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Markets rangebound into the New Year

ICE canola plays catch-up on CBOT gains

MarketsFarm — As 2022 comes to an end, a trader stated the commodities market will very likely remain rangebound through the New Year. Ken Ball, of PI Financial in Winnipeg, said there’s heavy spreading, as well as the maneuvering of year-end positions and plenty of liquidation going on at the moment, “all trapped in a