Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures firmed on Monday, supported by strong packer demand that supported cash prices, indicating a bullish outlook for summer month futures, analysts said. “Packer behaviour has been bullish for several weeks now. They are going after the cattle,” said Dennis Smith, commodity broker at Archer Financial. “I suspect […] Read more
U.S. livestock: CME live cattle firm on strong packer demand
Export demand concerns drag on hogs
U.S. grains: Corn, soybeans ease on expected planting progress
Weather in U.S., India, France adds to Ukraine wheat supply fears
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Monday to five-week lows as warmer U.S. weather expedited planting progress, deflating fears of added soybean acres and further cuts to corn plantings, traders said. Wheat remained underpinned by dry conditions in the U.S. and French growing belts, reinforcing global supply concerns. The most-active Chicago Board […] Read more
U.S. livestock: CME lean hogs climb, demand uncertainty remains
Chicago cattle futures lower
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures firmed for a second session on Thursday, supported by bargain buying, though demand concerns capped gains, analysts said. “We’ve got conflicting fundamentals. Seasonally, hog supplies should continue to tighten into mid-summer. But right now there’s a lot of demand worry,” said Doug Houghton, technical analyst at Brock […] Read more
U.S. grains: Chicago wheat climbs on new global supply concerns
Corn pressured by hopes of planting progress
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more
U.S. grains: Chicago wheat jumps on India export concerns
Soy follows, corn mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures soared on Wednesday on reports that India, a major world producer, would restrict exports as a drought threatened its production even as the nation had hoped to fill a global export gap created by ongoing war in Ukraine. Soybean futures also gained, while corn traded near even, awaiting […] Read more
U.S. livestock: CME live cattle ease
Cash prices maintain against lower futures
Reading Time: 2 minutes Chicago | Reuters — CME Group live cattle futures eased on Wednesday, pressured as processors pull market-ready cattle forward heading into the late spring, analysts said. June live cattle futures are discounted versus the cash market, creating an incentive to sell before cash falls. “We’re going to start narrowing up cash and the June board,” […] Read more
U.S. grains: Corn eases despite slow U.S. plantings
Soybeans, wheat fall but remain above multi-week lows
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell on Tuesday after initial gains, pressured by demand uncertainty despite adverse weather delays to U.S. planting progress, analysts said. Recent rainfall also pressured wheat, despite declining crop conditions, while soybeans moved lower on expectations of increased plantings if corn seedings continue to falter. The most-active corn contract […] Read more
U.S. livestock: Feeder cattle futures firm on weaker corn
China's COVID lockdowns pressure CME hogs
Reading Time: < 1 minute Chicago | Reuters — CME live and feeder cattle futures firmed on Monday, supported by lower corn futures, an input cost to feeder cattle, analysts said. “The big driver there was just lower corn,” said Josh Steinhilber, broker at Cattlehedgers.com. “We got spillover into the live cattle.” CME August feeder cattle added 5.8 cents, to […] Read more
U.S. grains: Soybeans drop to three-week lows
Wheat futures hit lowest since April 8; corn drops to one-week low
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped to a more than three-week low on Monday, pressured by falling crude oil markets and delayed U.S. corn planting that some analysts think could push farmers to plant more soybeans. Corn fell ahead of the U.S. Department of Agriculture’s weekly planting progress report on Monday afternoon, showing […] Read more
U.S. grains: CBOT wheat, soybeans firm on tighter stocks
Corn firm, ending stocks unchanged
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) assessed global supply and demand, reflecting the impact that Russia’s invasion of Ukraine has had on Black Sea exports. Grain prices remained underpinned by Russia’s six-week-old invasion, which has stalled large amounts of Ukrainian exports […] Read more
A message from April Stewart, Country Guide's Associate Editor
