Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as traders adjusted positions a day ahead of a monthly supply-and-demand report from the U.S. Department of Agriculture in which the government is expected to raise its forecast of U.S. corn ending stocks. Wheat also fell, while soybeans ended nearly unchanged after a choppy session. […] Read more
U.S. grains: Corn ends lower ahead of USDA monthly data
Heavy North Dakota snows threaten wheat seeding
Reading Time: 2 minutes Chicago | Reuters — A blanket of heavy, wet snow covering most of North Dakota, the top U.S. wheat state, threatens to delay planting of spring wheat in another blow to a U.S. farm belt already facing billions of dollars in damage from flooding. Farmers from Missouri to South Dakota have seen their corn and […] Read more
U.S. grains: Wheat ends higher on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose nearly two per cent on Wednesday on poor weather in the Midwest soft winter wheat belt and the northern Plains spring wheat region, traders said. Soybean and corn futures closed modestly higher. Chicago Board of Trade May soft red winter wheat settled up 8-1/4 cents at $4.64-3/4 […] Read more
U.S. livestock: Live cattle hit contract highs on weather woes
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose Tuesday, with the benchmark June contract hitting a high as poor feedlot conditions in portions of the U.S. Plains raised concerns about beef supplies, traders said. Lean hogs closed lower in a profit-taking setback from contract highs set a day earlier. Fat cattle futures […] Read more
U.S. grains: Corn, wheat drift lower on weak export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures closed nearly unchanged on Tuesday, with commodity funds reluctant to add to a heavy net short position despite pressure from slowing export demand for U.S. grains, analysts said. Soybean futures declined as traders awaited news from ongoing U.S. trade negotiations with China, the world’s top soybean […] Read more
U.S. livestock: Hog futures rise on pork export optimism
Reading Time: 2 minutes Chicago | Reuters — U.S. front-month hog futures surged on Monday, extending last week’s advances on expectations of additional export sales to China, where African swine fever has decimated the world’s largest hog herd, traders said. “We had that huge sale of pork to China last week, and the market is anticipating more sales,” said […] Read more
U.S. grains: Corn down on disappointing export data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for U.S. grains, analysts said. Soybeans and wheat futures also declined. Chicago Board of Trade (CBOT) May corn settled down 1-3/4 cents at $3.71-1/2 per bushel (all figures US$). […] Read more
U.S. grains: Corn hits contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Friday after the U.S. Department of Agriculture raised its forecast of U.S. corn ending stocks above a range of trade expectations, reflecting a drop in the government’s corn export forecast. U.S. soybean futures also declined and wheat recorded a fifth straight weekly decline, […] Read more
U.S. grains: Soy, corn, wheat sag as trade news awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell roughly one per cent on Wednesday and wheat slipped nearly three per cent on sluggish export demand for U.S. grains and a lack of news on U.S.-Chinese trade negotiations, traders said. “The single biggest potential factor right now that could turn these market dynamics is […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds expanded their net long in […] Read more
A message from April Stewart, Country Guide's Associate Editor
