As activity at the Chicago Board of Trade shifts into holiday mode through the New Year, independent analyst Terry Reilly pointed to three things to watch over the next few weeks.
soybeans
CBOT Weekly: Watching for Chinese soybean purchases
Calling for bigger crops ahead of StatCan report
Statistics Canada will release its first survey-based production estimates for the 2025/26 crop year on Dec. 4, with general expectations for upward revisions to most major crops from the model-based estimates in September. However, as StatCan has shown a tendency to underestimate production in its December reports, many analysts expect actual production may be revised upward in subsequent reports.
U.S. grains: Corn, wheat futures climb on Black Sea tensions
Chicago corn and wheat futures rose on Tuesday, lifted by worries about tensions in the Black Sea grain export region as well as cold weather slowing grain movement in the U.S. Midwest, analysts said. Soybeans were lower.
CBOT weekly: Soybeans watching export news
Soybean futures at the Chicago Board of Trade climbed to their highest levels in a year-and-a-half on Nov. 18, as optimism over increasing sales to China provided support. However, more business will be needed to sustain the upward move, with traders uncertain whether the stated targets will be reached.
CBOT Weekly: Trade awaits USDA S/D report
Regardless of the United States government shutdown ending soon or not, the Department of Agriculture is set to issue its supply and demand report on Nov. 14. The USDA cancelled its October edition of World Agriculture Supply and Demand Estimates due to the shutdown and pushed back their November report a few days.
ICE Canada Weekly: Canola could climb higher through to spring
With harvest pressure on canola over, the Canadian oilseed could track higher until spring, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg, Man. Although he cautioned there will be some rough patches along the way.
CBOT weekly: Trade talks in focus
Optimism over thawing trade relations between the United States and China gave soybean futures at the Chicago Board of Trade a boost during the week ended Oct. 29, with the advances in the soy market spilling into corn and wheat.
CBOT Weekly: China, shutdown guiding the market
The United States grain and oilseed markets are currently dominated by two factors, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill. Ettner said those are the absence of a trade deal with China and the ongoing United States government shutdown.
CBOT Weekly: Grain, oilseed futures under pressure
November soybeans lost 23 U.S. cents per bushel during the week, while corn and wheat losses ranged from five to 10 cents.
U.S. Grains: Wheat ends up after hitting five-year low
Chicago Board of Trade wheat futures ended higher on Tuesday after falling to a five-year low on abundant global supplies. Corn also higher, while soybeans end down.
Cyber-Savvy Farmer
