Russian service members take part in tactical exercises of an assault engineering unit at a training ground in Kamensk-Shakhtinsky in southwestern Russia’s Rostov region on Jan. 17, 2022. (Photo: Reuters/Sergey Pivovarov)

CBOT weekly outlook: Prices up on hot weather, growing tensions

MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed




Employees working at a cargo ship at Tiplam terminal in Santos, Brazil in 2017.

Brazil unable to unload wheat imports as tax collectors protest

Brazil has been unable to promptly unload wheat shipments at its key Santos port as agricultural tax collectors work to rule in a campaign for higher wages, local association Abitrigo said on Jan. 6. Abitrigo’s head Rubens Barbosa told Reuters that so far two vessels carrying imported wheat had their unloading operations delayed due to


CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soy sag on South America weather forecasts

Argentina rain outlook tempers crop fears

Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from

(OceanFishing/iStock/Getty Images)

CBOT weekly outlook: ‘No fireworks’ in January USDA reports

MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put some pressure on wheat futures,


Brazil’s Petrobras to start testing renewable diesel

The edible oil-based products are the next generation of diesel

Reuters – Brazil’s state-run oil company Petrobras will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company’s refining director told Reuters. The tests are expected to take about six months and will be backed by a fuel distributor and a

CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines) and K.C. March 2022 wheat (blue line). (Barchart)

U.S. grains: Wheat up on export business

Corn, soy firm ahead of USDA data

Chicago | Reuters — U.S. wheat futures rose about one per cent on Tuesday on a pickup in global export business and short-covering ahead of several key U.S. Department of Agriculture reports due on Wednesday, traders said. Corn and soybean futures edged higher ahead of the reports, which will include updated estimates of U.S. 2021


CBOT March 2022 soybeans (candlesticks) with 20-day moving average (green line) and ICE March 2022 canola (yellow line, left column). (Barchart)

U.S. grains: Soy, corn sag on South American weather outlooks

Wheat firms

Chicago | Reuters — U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade

CBOT March 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and CBOT March 2022 soymeal (green line, left column). (Barchart)

U.S. grains: Soybeans rally, following soymeal gains

Wheat capped by big Argentina, Australia crops

Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a