Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange February lean hog futures rose nearly three per cent on Tuesday and set a contract high, buoyed by firmer cash hog prices and spreading against cattle futures, traders said. Wholesale pork fetched $80.71/cwt, down 38 cents from Monday (all figures US$). But lean hogs in the top cash […] Read more
U.S. livestock: CME nearby hogs hit contract high
New Year’s Day cold snap to hit U.S. winter wheat, rivers
Reading Time: 2 minutes Chicago | Reuters — A New Year’s Day cold snap in the southern U.S. Plains poses a threat to winter wheat, particularly in Kansas, the country’s biggest producer of the grain, agricultural meteorologists said. Farmers in Kansas grow hard red winter (HRW) wheat, the largest U.S. wheat class that typically is milled into flour for […] Read more
U.S. grains: Soybeans end 2017 down four per cent
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures firmed on Friday as rising crude oil futures helped lift soyoil, but soybeans still recorded a yearly loss of about four per cent, reflecting big 2017 harvests in South America and the U.S. Wheat drifted lower on Friday but posted its first yearly gain since 2012, while corn […] Read more
U.S. grains: Soybeans fall to four-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell more than one per cent and neared a four-month low Thursday on improving crop prospects in Brazil that could curb demand for U.S. soy exports, traders said. Corn and wheat futures also declined in thin trade between the Christmas and New Year’s Day holidays. Chicago Board of […] Read more
U.S. grains: Soybeans sag as South American crop prospects improve
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil’s soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT January soybeans settled down 6-3/4 cents at $9.75-3/4 a bushel after dipping to $9.75, the contract’s lowest […] Read more
U.S. grains: Corn, wheat down to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures fell to life-of-contract lows on Monday, anchored by plentiful global grain supplies, and soybeans sagged as forecasts called for beneficial rains in Argentina, analysts said. Chicago Board of Trade March corn settled down 3-3/4 cents at $3.49 per bushel after hitting a contract low at $3.48-1/4 […] Read more
U.S. livestock: Live cattle extend slide on long liquidation
Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more
U.S. livestock: Live cattle sag for sixth straight session
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange February live cattle futures fell Thursday for a sixth straight session, pressured by fund-driven long liquidation, falling cash cattle prices and softening wholesale beef demand, traders said. “Fund liquidation continues be a factor in the meat complex, although lower product prices are adding justification for the selling at […] Read more
U.S. grains: Soybeans climb above $10 on Argentina weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed one per cent on Tuesday, scrambling back above US$10 a bushel, amid ongoing worries about poor weather threatening yield prospects in Argentina. Corn futures ended fractionally higher while wheat futures sagged on sluggish export demand for U.S. supplies. Chicago Board of Trade January soybeans settled up 10 […] Read more
U.S. livestock: CME live cattle limit down on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures fell to a one-month low on Friday on fund-driven long liquidation and worries about declines on Wall Street, while hog futures firmed in largely technical trade, traders and analysts said. Live cattle fell despite higher wholesale beef values. Choice-grade wholesale beef prices rose $1.35, to $205.99/cwt. February live […] Read more
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