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CBOT weekly outlook: Some surprises in USDA’s WASDE

MarketsFarm — The U.S. Department of Agriculture has thrown a few curveballs in an otherwise mundane supply-and-demand report issued Thursday, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Although USDA, in its December world agricultural supply and demand estimates (WASDE), lowered soybean ending stocks for the 2020-21 marketing year, the cut wasn’t



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Crop stocks forecasts mostly unchanged in AAFC supply/demand report

Corn carryout revised upward

MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25

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Flax facing tightening supplies

MarketsFarm — Solid export demand has pushed Canadian flax prices up sharply over the past month, with the market working to ration demand amid expectations for tightening supplies. The flax market in general is “just gone crazy. We’re up 50 per cent since the start of harvest,” Scott Shiels of Grain Millers Canada at Yorkton,


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

U.S. grains: Soybeans up again on export demand, supply concerns

Markets recover after setback on Thursday

Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that

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

U.S. grains: Soybean futures retreat off 4-1/2 year high

Technical selling adds pressure on corn futures, analyst says

Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday,


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

U.S. grains: Soy futures hit highest in over four years

U.S. soy stocks enter 'danger zone,' Rabobank says

Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn



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CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply

MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean

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

U.S. grains: Soy futures touch new four-year top

Pfizer update on COVID vaccine sends shares, oil higher

Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and