Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday for the ninth time in 10 sessions as weak cash hog prices and lower pork values dragged the market to a fresh three-month low, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell on […] Read more
U.S. livestock: CME hogs drop as pork cutout sinks to near two-year low
Cattle futures also follow beef values lower
U.S. livestock: CME hogs sink to three-month low on weak pork prices
Live cattle steady to higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Tuesday for the eighth time in nine sessions on concerns about pork demand and slumping pork prices, traders said. The actively traded February lean hog contract dropped to a three-month low as packer margins eroded and the pork cutout price slid to the […] Read more
U.S. grains: Corn up off three-week lows on technicals, Argentine drought
Wheat sinks to 15-month low on weak U.S. exports; soybeans also down
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended mixed on Tuesday after a technical and bargain-buying bounce from three-week lows faded as dull demand for U.S. exports overshadowed concerns about Argentina’s drought-reduced harvest. Soybeans ended mostly lower while wheat fell to its lowest in 15 months on good global supplies and weak demand for U.S. […] Read more
U.S. livestock: CME hogs up off three-month low on bargain buying
Chicago cattle futures also gain
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced from a three-month low on Monday and settled higher for the first time in eight sessions in a technical and bargain-buying rally to start the first full trading week of the year. Cattle futures also gained on improved packer demand following recent weeks of […] Read more
U.S. grains: Corn, soy, wheat end lower as market awaits USDA reports
Grain trade also monitoring Brazil
Reading Time: < 1 minute Chicago | Reuters — U.S. corn futures fell on Monday for the sixth time in seven sessions and wheat and soybeans finished mostly lower, as investors weighed weather-reduced production in some areas of South America against tepid demand for U.S. supplies. Wheat futures also retreated as late-session technical selling eroded earlier support from a weaker […] Read more
U.S. grains: Wheat drops as USDA raises global supply view
USDA lifts U.S. corn, soy yield views; stocks still tight
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly raised its global supply outlook in a monthly report, citing larger crops in Australia, the U.K. and Kazakhstan that offset lower Argentine and EU production. A firmer U.S. dollar also weighed on wheat, along with optimism about […] Read more
Crop merchant Bunge raises full-year profit outlook
Reading Time: < 1 minute Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
U.S. livestock: Live cattle futures jump to 7-year peak as U.S. herd shrinks
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied to a fresh seven-year high on Monday, lifted by expectations for tightening supplies following a monthly U.S. Department of Agriculture (USDA) cattle supply report, traders said. Several actively traded nearby contracts posted life-of-contract highs after the USDA’s cattle-on-feed report, released after the market closed on […] Read more
U.S. grains: Soybeans, corn ease as U.S. harvest progresses amid dull demand
Reading Time: 2 minutes Chicago | Reuters – U.S. corn and soybean futures eased on Monday as concerns about dull demand anchored prices as newly harvested crops flooded the market. Wheat declined on weak demand and as rains in the drought-hit U.S. Plains wheat belt lifted prospects for the recently planted winter crop. Largely favourable weather across the Midwest […] Read more
Shallow Mississippi River expected to persist as dry winter hits U.S. South
River levels at historic lows this fall
Reading Time: 2 minutes Reuters — Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern U.S. and Gulf Coast, U.S. government forecasters said on Thursday. Drought, which currently spans 59 per cent of the country, is expected to continue or worsen in the middle and lower Mississippi […] Read more
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