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U.S. grains: Wheat futures slip to one-month low as soybeans advance

Chicago | Reuters – Chicago Board of Trade wheat futures fell to a one-month low on Tuesday under pressure from expectations for rain in dry global growing areas and for continued exports of Ukrainian grain from the Black Sea region. Soybean and corn futures advanced. Weather forecasts for showers in the coming days in drought-affected […] Read more

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U.S. grains: Soybeans, corn ease as U.S. harvest progresses amid dull demand

Chicago | Reuters – U.S. corn and soybean futures eased on Monday as concerns about dull demand anchored prices as newly harvested crops flooded the market. Wheat declined on weak demand and as rains in the drought-hit U.S. Plains wheat belt lifted prospects for the recently planted winter crop. Largely favourable weather across the Midwest […] Read more


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, corn, soy end higher but below session peaks

Weaker U.S. dollar supportive

Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more

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U.S. grains: U.S. soybean, corn, wheat futures bounce after sell-off

Chicago | Reuters – U.S. soybean futures rose on Friday, with bargain buying in focus after prices fell to their lowest since late July a day earlier, traders said. Corn futures also ended firm after posting sharp declines on Thursday. All three commodities traded in both positive and negative territory, with concerns about tightening world supplies providing […] Read more


ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, purple and black lines). (Barchart)

ICE weekly outlook: Rising canola prices hit a one-day thud

"There's a day where we need to take a pause"

MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more

Fresh bread in Egypt. (Goldream/iStock/Getty Images)

Egypt’s private sector wheat imports stall due to dollar shortage

"We are in the red zone"

Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more


ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more

Security forces detain a demonstrator during a protest on Sept. 21, 2022 in St. Petersburg against a mobilization of reservists ordered by Russian President Vladimir Putin. (Social media video screengrab obtained by Reuters)

CBOT weekly outlook: War chatter part of market chaos

Stronger U.S. dollar weighs on futures

MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more


CBOT December 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat, corn, soybeans bounce ahead of long weekend

U.S. dollar down on labour market data

Chicago | Reuters — U.S. wheat, corn and soybean futures rose on Friday on a short-covering bounce ahead of a three-day U.S. holiday weekend, led by strength in crude oil and other commodities as fears waned about aggressive interest rate hikes from the Federal Reserve. A rally in world stocks fizzled, but the U.S. dollar […] Read more