CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Corn, soybeans may see seasonal slowdown

However, more upside remains possible

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during


CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn falls after six-session gain

Wheat eases as Egypt tender favours Russian wheat, despite export tax

Chicago | Reuters — U.S. corn futures eased on Tuesday after six sessions of gains, as the market watched to see if a surge in Chinese demand would continue to erode U.S. supplies. Soybeans also fell as traders assessed upcoming Brazilian exports against risks that rainfall will slow harvest work. Wheat followed corn and soybeans

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn sets new high on export sales

Wheat falls even as Russia considers more export tax

Chicago | Reuters — U.S. corn futures climbed to 7-1/2-year highs on Monday, supported by continued export demand. Soybeans ended slightly weaker after climbing back from a 20-cent drop in earlier trading, supported by a slow Brazilian harvest that could affect exports (all figures US$). Wheat followed soy lower. The Chicago Board of Trade’s most-active


A worker drives a combine through a soybean field in Chivilcoy, on the outskirts of Buenos Aires on April 8, 2020. Argentina is poised to harvest a sizable soy crop in 2021.

South American soybean crop looms over oilseed markets

Concerns over dry weather south of the equator are no longer a factor

Regardless of who is making the call, Brazil will have an extremely large soybean crop in 2021. With estimates ranging from 132 million to 135 million tonnes, it will be a record soybean crop, topping the 126 million tonnes produced in 2019-20. Coupled with Argentina on track to reap a very sizable crop of 47

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn soars four per cent on fresh sales to China

Chicago soy, wheat also climb

Chicago | Reuters — U.S. corn futures surged four per cent on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said. Soybeans followed corn higher, with worries about a slow start to the Brazilian soy harvest lending support. Wheat firmed on supply concerns and


CBOT March 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, soy up on bargain-buying after Friday’s slump

Chicago wheat also climbs

Chicago | Reuters — U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday’s steep declines, analysts said. Wheat futures firmed on bargain-buying after a four-session slide and improving export prospects. Chicago Board of Trade March corn settled up 11 cents at $5.11-1/2 per bushel,

CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

Soy, corn tumble on improved weather; wheat extends fall

Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade


Brazil aims to boost beef export

Brazil aims to boost beef export

Reuters – Brazil’s beef producers aim to boost export volumes by six per cent next year as they negotiate access to new markets in Asia and North America, industry group Abiec said recently. Abiec estimated that Brazil, the world’s biggest beef supplier, could export 2.141 million tonnes next year, worth US$8.789 billion, up from a

CBOT March 2021 soybeans (candlesticks) with 20-day moving average (green line) and ICE March 2021 canola (yellow line). (Barchart)

U.S. grains: South American supply issues wane

Soy up, but off early gains; corn boosted by export demand

Chicago | Reuters — Chicago soybeans ended the session slightly up after a three-session losing streak on Thursday, but larger early gains were erased as rains across South America eased supply worries. Corn prices firmed, supported by fresh demand amid tightening global supplies, while wheat fell on a lack of fresh export news. The Chicago