CBOT July 2023 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Chicago soy, corn find chart support

Pre-Memorial Day positioning expected

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were testing lows in mid-May but appeared to have found some support for the time being. “We’re getting a little technical bounce off these lows,” said John Weyer, director of commercial hedging with Walsh Trading in Chicago. He had expected July soybeans to



(File photo by Dave Bedard)

Speculative short position declines in canola

Traders' net long in CBOT soy also reduced

MarketsFarm — The speculative short position in canola continued to shrink during the week ended May 15, as speculators bought back short positions and put on new longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 15, 2023, the net managed money short position



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

U.S. grains: Corn, soy futures rally

Wheat up off lowest level since March 2021

Chicago | Reuters — U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade wheat contract dropped below $6 a bushel for the first time in

(Thinkstock photo)

Prairie cash wheat: Bids soften

Chicago, Minneapolis wheats down on week

MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Thursday, as the bearish influence of the extended Black Sea Grain Initiative more than countered any support from poor winter wheat production prospects in the U.S. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.60-$6.70


CBOT July 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago futures roil as U.S. debt ceiling talks halt

Wheat turns down, after technical bounce early in session

Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures slid sharply on technical trading on Friday, as investors rushed to liquidate their positions ahead of the weekend, traders said. The most-active soybean contract fell to the lowest prices seen since July — and several new-crop soybean contracts also plunged to new contract lows

CBOT December 2023 corn with 20-day moving average (yellow line) and July 2023 corn (orange high/low/close). (Barchart)

U.S. grains: July corn down on poor exports, strong crop prospects

CBOT soybeans, wheat also down; new-crop December corn up off decline

Chicago | Reuters — Benchmark U.S. corn futures fell on Thursday to their lowest in 19 months, pressured by disappointing export data and prospects for big U.S. crops, analysts said. Soybean futures hit a 10-month low, and wheat futures slipped more than two per cent as an extension of a deal to allow war-ravaged Ukraine


FIle photo of a welcome sign at North Dakota’s southern state line. (Solange_Z/E+/Getty Images)

CBOT weekly outlook: North Dakota corn growers switch to soy, sunflower

'Tough day in the markets' as Black Sea deal extended

MarketsFarm — Faced with a late start due to wet conditions, North Dakota farmers are changing their spring planting plans. They’re switching from corn to crops such as soybeans and sunflowers, according to analyst Tom Lilja of Progressive Ag in Fargo. “Guys just started rolling here on [May 14 and 15] fairly heavy. There was

CBOT July 2023 corn with 20-day moving average (yellow line) and December 2023 corn (orange high/low/close). (Barchart)

U.S. grains: Corn hits 18-month low on crop prospects

Chicago wheat tumbles on Ukraine deal

Chicago | Reuters — Benchmark U.S. corn futures fell to an 18-month low on Wednesday on news that China cancelled purchases of U.S. corn, and as favourable early-season crop weather bolstered projections for bumper U.S. harvests this year, analysts said. Wheat futures tumbled 3.4 per cent after the Black Sea grain deal, allowing for the