Chicago Board of Trade soybean futures turned higher on Thursday as the U.S. dollar weakened, while corn dipped to the lowest in more than three weeks on expectations of increased planting by U.S. farmers this year.
Chicago corn futures dipped on Wednesday as traders anticipated a U.S. Department of Agriculture data release showing a significant uptick in corn acreage in 2025.
March 31 will be a busy day in the commodities market with the United States Department of Agriculture scheduled to release two major reports. At 11 am CDT on that Monday, the USDA will issue its grain stocks as of March 1 report along with its prospective plantings estimates for this spring.
Chicago wheat futures eased on Tuesday as the United States announced it had reached agreements with Russia and Ukraine to ensure safe navigation in the Black Sea.
Chicago wheat took a dive on Monday as traders monitored ongoing talks regarding the Russian war on Ukraine and with more favorable weather expected in some wheat-growing regions globally, according to analysts.
Chicago corn and soy eased and wheat traded nearly flat on Friday as traders' concerns about the U.S. economic outlook inspired a selloff ahead of the weekend, according to analysts.
Reports from Cereals Canada highlight the relatively small environmental footprint of Canadian non-durum wheat, durum wheat, barley, and oats, when compared to top producing countries.