CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (light and dark green lines) and CBOT May 2021 soyoil (yellow high/low/close and left column). (Barchart)

U.S. grains: Soybeans reach highest since 2012 on supply woes

Corn, wheat down on WASDE report

Chicago | Reuters — U.S. soybean futures set an 8-1/2-year high on Wednesday after a key U.S. government crop report projected that supplies of the oilseed would remain tight even after the 2021 U.S. harvest. Soaring CBOT soybean oil futures lent support, with the thinly traded May soyoil contract reaching 72.32 cents/lb., an all-time high

CBOT July 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, dark green lines). (Barchart)

U.S. grains: Corn, soy, wheat dip ahead of WASDE

Market eyes U.S. supply-demand reports for price direction

Chicago | Reuters — Chicago corn futures fell on Monday, pausing after rallying to eight-year highs last week, with traders focusing on the U.S. Department of Agriculture’s upcoming world supply-demand (WASDE) report for new price direction. Wheat dipped, supported by beneficial rains across the U.S. Great Plains, while soybeans traded mixed on continued tight supplies.


Corn seedlings on June 1, 2020. (Farmtario photo by John Greig)

U.S. grains: Corn, soy futures hit multi-year highs on supply fears

Dryness in Brazil fuels supply fears

Chicago | Reuters — Concerns that global crop supplies will remain lean pushed Chicago Board of Trade corn futures to their highest price since March 2013 on Friday, while soybean futures reached their highest since October 2012. The markets surged before the weekend as traders braced for the potential of further rallies driven by tightening

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: Look for May USDA report to be bullish

New WASDE will include first projections for 2021-22

MarketsFarm — With the next supply and demand estimates from the U.S. Department of Agriculture (USDA) a week away, broker Ryan Ettner provided his outlook on the report. “[Soybean] exports have been good enough to meet the USDA’s expectations,” but maybe not enough to adjust any of their numbers, said Ettner, a broker for Allendale


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn nears eight-year high on tight supplies

Wheat, soybeans at 2013 peak

Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained

USDA to expand forecasts on soyoil use in biofuels

Change in reporting structure will come in May crop report

Reuters – The U.S. Department of Agriculture (USDA) will alter how it reports soybean oil use by biofuels producers beginning with its monthly World Agriculture Supply & Demand Estimates (WASDE) report in May, the USDA announced April 8. The USDA also said it will break out soybean meal supply and demand for China in its


EU agriculture plan uneconomic, USDA model concludes

EU agriculture plan uneconomic, USDA model concludes

[UPDATED: April 19, 2021] If implemented, the European Union’s (EU) Farm to Fork Strategy and Green Deal will cost the EU and the world, according to an economic model run by the United States Department of Agriculture (USDA). The EU is aiming to make agriculture more sustainable by cutting farm inputs such as pesticides and



Corn and soy could be in short supply, according to a recent USDA report.

U.S. farmers to plant less corn, soybeans than expected

USDA report sparks futures rise as market reacts to news

Estimates by the U.S. Department of Agriculture (USDA) for corn and soybean plantings at the end of March missed analyst expectations, sending futures prices for both commodities up sharply. Smaller-than-expected acreage for the two main cash crops in the United States will likely increase concerns about global food and animal feed supplies after importers and domestic

(Qingwa/iStock/Getty Images)

CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report

MarketsFarm — There was little change in U.S. markets shortly after the release of the latest supply and demand estimates from the U.S. Department of Agriculture (USDA). But that scenario could change for wheat markets, said Steve Georgy, president of Allendale Inc. at McHenry, Ill. “We’ve got to pay attention to how the wheat markets