Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: Corn rangebound, soybeans rising, wheat erratic

Chicago wheat fluctuation 'just drives you nuts'

MarketsFarm — While soybean futures at the Chicago Board of Trade have moved higher over the past week, corn was rangebound and wheat lacked any clear direction in choppy trade, making it hard to predict where values may go from here, according to Scott Capinegro of Barrington Commodities in Barrington, Ill. Capinegro said the December



Comment: We must respect Mexico’s food sovereignty

Comment: We must respect Mexico’s food sovereignty

Mexico has a right to determine its corn policy, even if the U.S. and Canada don’t like it

Sept. 29 was Mexico’s national day celebrating the central place corn has in Mexican society and history. This year, there is a new threat to its future. Corn as we know it today was developed from an ancient plant called teocinte by Indigenous peoples over thousands of years, making Mexico the crop’s biological and cultural

(Geralyn Wichers photo)

Klassen: Ontario demand sets the price structure for calves

Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315

For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In


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

U.S. grains: Soybeans hold firm with harvest, domestic demand in focus

Corn eases as harvest watched, wheat retreats from two-week high

Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group

(File photo by Dave Bedard)

Fund short position grows in canola

Funds shift to net short in CBOT soybeans

MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola


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

U.S. grains: Wheat down off two-week high on global demand

U.S. says soybean harvest is 62 per cent complete

Chicago | Reuters — Chicago Board of Trade wheat futures ended lower on Monday after rising earlier to their highest level in more than two weeks on hopes for global demand. Corn futures also eased as traders monitored the U.S. harvest, while gains in soyoil futures helped lift the soybean market, analysts said. After trading

CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME hog, cattle futures decline

Pigs seen bulking up on new-crop corn

Chicago | Reuters — Chicago Mercantile Exchange livestock markets weakened on Monday, with lean hog futures nearing their lowest price in more than four months. Concerns about lacklustre demand for U.S. pork continued to hang over the market, analysts said. Seasonally, hog futures also tend to decline around this time of year as pigs fatten


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

U.S. grains: Soy, corn slip on profit taking, macro pressure

Exports lift wheat futures

Chicago | Reuters — U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market. Corn futures followed soybeans lower, but wheat rallied after the U.S. Department of Agriculture (USDA) reported stronger-than-expected weekly export sales and confirmed a

CBOT November 2023 soybeans with 20- and 50-day moving averages and December 2023 soymeal (dark grey line, left column). (Barchart)

U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops

CBOT corn, wheat also higher

New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle