Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: ‘Crazy times’ on the markets

U.S. stock markets, crude oil under pressure

MarketsFarm — Macroeconomic factors caused plenty of distress on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Already dealing with whether the U.S. Federal Reserve will continue to raise key interest rates, the collapse of California-based Silicon Valley Bank and concerns over Credit Suisse have rattled global markets, which included a $4

CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago wheat, corn up on Chinese demand, Black Sea outlook

Soy dips on sharp fall in stock, oil markets pressure

Chicago | Reuters — Chicago wheat and corn futures closed higher on Wednesday on strong demand from China and uncertainty over a Black Sea grain export deal as a deadline loomed. Soybeans followed stock and oil markets down after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance,


Biotech crops widely used, consumers still wary of GM wheat

Biotech crops widely used, consumers still wary of GM wheat

A crop used widely for human food is more sensitive than earlier introductions

Nearly all corn, canola and soybean acres in the world’s largest exporting countries are seeded with genetically modified varieties, but that is not the case for wheat, a crop grown primarily for human food. Biotech varieties of corn, canola and soy, used for animal feed, biofuels and cooking oil, were introduced in 1996 and soon



Drought-resistant wheat may appeal to farmers in that region, where crops such as corn and soybeans have recently faced water stress.

Brazil approves cultivation of GM wheat

Only Argentina had approved a biotech wheat until now

Brazil has become the second country in the world, after Argentina, to approve the cultivation of genetically modified wheat, following a decision by the nation’s biosecurity agency CTNbio. The approval request was made by plant genetics company Tropical Melhoramento e Genetica, a partner in Brazil of Argentina’s Bioceres, which has developed a variety of drought-resistant

A corn crop in the RM of St. Andrews on July 5, 2018. Current indicators suggest a rebound for corn futures off recent lows.

Corn market cracks, but ready to pop

Current low prices may deter some U.S. farmers from planting corn

Corn appeared to crack under pressure on the Chicago Board of Trade as February came to a close. Having traded between US$6.70-$6.90 per bushel for much of February, collapses in wheat and soy prices, lacklustre U.S. exports and the U.S. Department of Agriculture’s bearish new-crop projections last month placed the May corn contract at a


CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat rebounds off 17-month low

USDA's new WASDE awaited

Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines,

CBOT May 2023 soft red spring wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat below US$7 on hopes for Ukraine export extension

CBOT corn down, soybeans up

Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago



CBOT May 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybean, corn futures end week strong

Chicago May wheat falls

Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans