Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures were little changed but ended slightly lower on Wednesday amid thin trade ahead of Christmas, analysts said. Many traders have exited out of their positions ahead of Christmas and the New Year market holidays. CME February live cattle LCG26 settled 1.45 cents lower […] Read more
U.S. livestock: CME cattle tick lower in thin pre-holiday trade
U.S. grains: Wheat extends gains on short covering, war risk
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures rose for a fifth session on Wednesday as worries about the escalation of hostilities in the Black Sea export zone and severe cold in Russian wheat belts encouraged short-covering before the Christmas break, traders and analysts said. Corn futures edged up on robust demand and […] Read more
U.S. livestock: CME cattle futures lower after sideways trade
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures inched lower on positioning on Tuesday as thin volumes led to a sideways, choppy trade. Hog futures rose as traders covered short positions ahead of the U.S. Department of Agriculture’s quarterly Hogs and Pigs report, which they had expected to show a 0.9 […] Read more
U.S. grains: Wheat ends higher on short covering though ample supply weighs
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures inched higher on Tuesday on positioning ahead of the holidays, though a massive global supply of wheat kept a lid on prices. Soybeans and corn spent the day chopping up and down, but gained some support from an end-of-year rally, which is typical as traders […] Read more
U.S. grains: Wheat leads grains higher with Russian strikes in focus
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week. Soybeans were also higher, breaking a run of six falling sessions, as the oilseed […] Read more
U.S. grains: Wheat trades near contract lows under ample global supply
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
U.S. grains: Wheat recovers on short covering, soy continues to fall
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied market, analysts said. Soybean futures continued the previous day’s fall on long liquidation […] Read more
U.S. livestock: Cattle futures lower on falling beef prices, selling
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures tipped lower on Thursday as falling wholesale boxed beef prices and long liquidation pressured the market, analysts said. A decline in boxed beef prices has made meatpackers, whose margins continue to remain in the red, less willing to pay up for cattle. “The […] Read more
U.S. grains: Soybean prices rise as China-U.S. truce assessed
Reading Time: 2 minutes Chicago soybean prices rose on Wednesday, recovering some of the previous session’s losses, as Beijing’s confirmation that it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.
U.S. Grains: Wheat ends up after hitting five-year low
Reading Time: 1 minute Chicago Board of Trade wheat futures ended higher on Tuesday after falling to a five-year low on abundant global supplies. Corn also higher, while soybeans end down.
A message from April Stewart, Country Guide's Associate Editor
