Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures fell on Monday on spillover pressure from crude oil along with uncertainty about export demand for U.S. supplies of both crops, analysts said. But wheat futures rose on signs of global export demand while traders continued to monitor prospects for the renewal of an export corridor […] Read more
U.S. grains: Soybeans, corn end lower as crude oil sags
Chicago December wheat firms
U.S. livestock: CME lean hogs rally on bargain buying
Chicago live cattle firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped nearly five per cent on Monday on bargain buying after the benchmark December contract on Friday dipped to its lowest in nearly three weeks, traders said. CME December hogs settled up 4.075 cents at 87.05 cents/lb., surging in early moves after the contract was […] Read more
U.S. grains: Soybeans, corn sag on worries about China demand
Upcoming USDA data in focus
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat […] Read more
U.S. grains: Soy, grains climb as energy prices rise, dollar cools
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures climbed to a six-week high on Friday as soyoil futures reached their highest level since June, buoyed by strong energy prices along with optimism about demand from China, the world’s top soy buyer, traders said. Wheat and corn followed broad strength in the commodities sector as the dollar […] Read more
U.S. grains: Soybeans end lower, halting win streak; corn, wheat also slide
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures closed lower on Thursday, pausing after a seven-session climb as lackluster U.S. export sales and macroeconomic worries weighed on prices, traders said. Corn and wheat also declined, with a sharply higher dollar hanging over the grain complex. Chicago Board of Trade January soybeans SF3 settled down 17 cents at $14.37 […] Read more
U.S. grains: Wheat slumps as Russia says it will resume Black Sea grain deal
Reading Time: 2 minutes Paris/Chicago | Reuters – Wheat futures plummeted from Chicago to Europe on Wednesday after Russia said it would resume its participation in a deal to export grain from war-torn Ukraine, a reversal of its weekend decision to pull out of the deal in a move that had sent wheat futures surging higher. Corn followed wheat lower on the Black Sea […] Read more
U.S. livestock: Cattle futures sag on long liquidation; cash trade awaited
Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures on the Chicago Mercantile Exchange closed lower in range-bound trade on Tuesday as speculators exited long positions amid a lack of supportive news, traders said. CME December live cattle LCZ2 settled down 0.525 cent at 151.950 cents per lb but stayed inside of Monday’s trading range. January feeder cattle FCF3 finished […] Read more
U.S. grains: Soybeans climb on short-covering; wheat, corn also higher
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures rose about 2 per cent on Tuesday, buoyed by short-covering as the U.S. harvest winds down, hopes for export sales to China and uncertainty about the availability of South American supplies, traders said. Wheat futures turned higher, rallying from early declines as traders focused on uncertainty about grain shipments from […] Read more
U.S. grains: Wheat up 6 per cent after Russia quits Black Sea pact; corn, soy firm
Reading Time: < 1 minute Chicago | Reuters – U.S. wheat futures jumped 6 per cent, hitting a two-week high, and corn rose more than 1 per cent on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Soybeans followed the trend, with the most-active January SF3 contract setting a one-month top. As of 1:08 p.m. […] Read more
U.S. winter wheat growers seed into dust as Plains drought persists
Reading Time: 3 minutes Chicago | Reuters — With seeding roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Seeding plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting rising global […] Read more
A message from April Stewart, Country Guide's Associate Editor
