CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. December 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Corn limit down as crop weather improves

Market retreats from rallies last week

Chicago | Reuters — Chicago Board of Trade corn futures sank by the daily limit on Tuesday as forecasts for cooler, wetter U.S. weather eased concerns about unfavourable crop conditions. Prices pulled back after climbing 12 per cent last week on lower-than-anticipated U.S. plantings estimates from the Department of Agriculture. The estimates made the market


CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. December 2021 wheats (dark green, yellow and orange lines). (Barchart)

U.S. grains: Corn, soy surge as U.S. farmers plant fewer acres than expected

Traders had expected more U.S. corn, soy acres

Chicago | Reuters — Chicago Board of Trade grain and soybean futures surged on Wednesday after the U.S. Department of Agriculture surprised traders with lower-than-expected plantings estimates and inventory data. Corn climbed by their daily exchange-imposed limit after USDA pegged plantings of the crop at 92.692 million acres, below analysts’ expectations for 93.787 million. The


CBOT November 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Corn, soy mixed ahead of plantings, stocks reports

Canadian farmers expand canola acres

Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to

CBOT May 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages and November 2021 soybeans (blue line). (Barchart)

U.S. grains: Soybeans rise on tight near-term supply

CBOT corn mixed, wheat lower

Chicago | Reuters — Chicago soybean futures gained on Tuesday as traders assessed the impact of a lower-than-expected U.S. plantings forecast and a rain-delayed harvest in Brazil on ever-tightening supplies of the oilseed. Corn futures were mixed, with old-crop contracts rising slightly as investors adjusted positions ahead of a monthly U.S. Department of Agriculture world

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

U.S. grains: Soybeans, corn slump on record USDA acreage projections

Wheat gains on harsh U.S. cold, surging European wheat

Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a


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USDA sees more soy and wheat plantings, less corn for 2021-22

Chicago | Reuters — U.S. farmers are likely to expand plantings of soybeans and wheat while slightly reducing plantings of corn for the upcoming marketing year, the U.S. Agriculture Department said on Friday. USDA forecast that farmers will seed 90 million acres of corn in the 2021-22 crop year, down from 91.0 million for 2020-21.

CBOT September 2020 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn, soy climb on smaller-than-expected acreage view

Wheat follows corn, soy higher

Chicago | Reuters — Chicago corn futures surged nearly four per cent on Tuesday after the U.S. Department of Agriculture reported that American farmers planted 92 million acres of corn this spring, a figure that fell below a range of analyst expectations. Soybean futures rose after USDA put U.S. plantings at 83.8 million acres, up