File photo of a barley seedling. (SusanHSmith/iStock/Getty Images)

Feed weekly outlook: Short-term premiums add to fluctuations

Truckers seen trying to stay as local as possible

MarketsFarm — Although most feed grain buyers were fairly well covered through spring seeding, Susanne Leclerc of Market Master Ltd. at Edmonton said some were looking for feed to get through the coming weeks and offered premiums. “Which is a shock for seeding season,” she said, suggesting it’s best to shop around, with prices fluctuating


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

U.S. grains: Bargain buying pulls soy up off lows

CBOT wheat, corn weak

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, snapping a three-session losing streak as a wave of bargain buying hit the market after prices sank to their lowest in 6-1/2 months, traders said. Corn and wheat futures fell, with poor demand for U.S. supplies pushing prices toward lows hit earlier

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Traders, analysts anticipate WASDE report

El Nino also worth watching longer-term

MarketsFarm — While traders and analysts continue to keep an eye on weather conditions, their collective focus will momentarily shift on Friday when the U.S. Department of Agriculture (USDA) releases its monthly world agricultural supply/demand estimates (WASDE). This month’s report will be highly significant as it will announce the first U.S. crop production estimates for



CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)

U.S. livestock: Hog, cattle futures fall on poor fundamental outlook

Corn prices expected to remain weak

Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday, as poor demand for pork smothered any bargain-buying attempts to pull prices away from contract lows hit earlier this week. Cattle contracts also were lower, but the declines were kept in check by expectations that corn prices will remain weak and keep feeding



(File photo by Dave Bedard)

Canola fund short position grows

Funds also net short in U.S. wheats

MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net


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

U.S. grains: Chicago soy dips, corn flat as planting progresses

No agreement yet to extend Ukrainian export shipping

Mexico City | Reuters — Chicago soybeans ended down and corn was flat on Monday, as U.S. planting progressed ahead of last year and uncertainty over whether Ukraine’s safe shipping agreement for grain exports will be extended with the deal set to expire on May 18. Corn, one of the crops exported out of Ukraine,