CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (dark green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal

Corn, soybeans pare losses as wheat gains

Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S.

‘If grain has always been a tool of war, the criminal syndicate disguised as a country that is Russia has taken it to a whole new level.’ – Gord Gilmour.

Editor’s Take: The Great Grain Robbery II

I suppose theft of grain has always been part of war. Armies have always foraged for food, and victors have frequently carried away these spoils of war. One defence tactic has been to go ‘scorched earth’ and burn crops while retreating. But if grain has always been a tool of war, the criminal syndicate disguised


Destroyed grain storage in the village of Kamianka, Kharkiv, recently liberated from Russian invaders by Ukrainian forces.

Russia to expand grain harvest by five million tonnes

Russia’s grain harvest is set to grow by about five million tonnes a year thanks to its incorporation of four Ukrainian territories, Agriculture Minister Dmitry Patrushev said Oct. 4. “Considering the arable land that exists there, I think at least five million tonnes of grain will be added to the Russian savings box. I also

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: October USDA report delivers few major changes

Soy could see 'a few more days' higher

MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market


CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: USDA cuts soy, corn crop outlooks, trims demand

Large Russian wheat supplies temper war worries

Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. harvest forecast and raised imports by top soy buyer China in a monthly report. Soybean price gains were held in check, however, by expectations for large South American crops that

CBOT December 2022 soft red winter wheat (candlesticks) with 20-, and 50-day moving averages (green and black lines), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat, corn slip ahead of key crop forecasts

Corn, soy consolidate as U.S. crop data watched

Chicago | Reuters — Chicago wheat futures fell back on Tuesday, after jumping to a three-month high a day earlier, as signs of escalation in the war between Russia and Ukraine continued to raise concerns about the viability of Black Sea grain trade in the coming months. Corn futures slipped, and soybeans firmed, as investors


A farmer drives his tractor near cracked and dry earth at the Marais Breton in Villeneuve-en-Retz, as a historic drought hit France in August.

Droughts, Ukraine war push global grain stocks toward worrying decade low

Stocks will be lower than in 2012, the most recent year that saw food riots

Reuters – The world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine, as the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data. Poor weather in key agricultural regions from the United

Pigeons fly over destroyed grain storage in the village of Kamyanka in Ukraine’s Kharkiv region on Sept. 22.

Is the wheat market poised for sharp spike?

Current sabre-rattling adds to volatility

The U.S. wheat complex drifted lower in the last week of September compared to the previous week. As price fluctuated, ongoing tensions over Russia’s invasion of Ukraine simmered in the background. As September drew to a close, rumblings increased that the agreement allowing Ukraine to export grain through its Black Sea ports would not be



CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soy rise on broad commodities strength

Chicago December wheat dips

Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The