The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.

U.S. soybean crush sees record high for September

U.S. soybean crush sees record high for September

Healthy crush margins are enhancing domestic demand in Ontario and U.S

Corn and soybean prices are hovering near seasonal lows and are expected to percolate higher throughout November and December. Wheat prices have come off their highs in the short term but we’re expecting them to trend higher after the Southern Hemisphere harvest.









A soybean harvest.

Record soybean crop expected for Ontario

Ontario farmers are expected to harvest 4.3 million tonnes of soybeans this fall, according to latest StatsCan survey

According to Statistics Canada, Ontario farmers are expected to harvest 4.3 million tonnes of soybeans this fall. This compares to last year's crop size of four million tonnes and the five-year average of 3.9 million tonnes. StatCan made an upward adjustment to the planted area, while yield was estimated at 51.1 bu./ac., the third highest on record.