Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, surrendering all the prior session’s gains on a stronger dollar and hopes of progress in negotiations to maintain a Ukrainian Black Sea grain export corridor. Corn and soybeans followed wheat lower, weighed down by lacklustre demand and pressured by lower energy and equities markets. On […] Read more
U.S. grains: Wheat drops on firm dollar, hopes for Black Sea talks
Lower wheat, dull demand weigh on corn, soybeans
U.S. livestock: Lean hog futures rise on good demand
Cattle futures mostly lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to a near three-week high on Friday as strong demand and improved pork packer margins sparked buying ahead of the weekend, traders said. Another solid week of pork export sales added support, soothing concerns about rising supplies of market-ready hogs, they said. “Demand is […] Read more
U.S. livestock: Cattle, hogs mostly down on weak margins, inflation worries
Beef packer margins in negative territory
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures ended mostly lower on Thursday on eroding meat packer margins and as soaring inflation raises demand concerns, traders said. Technical selling and profit-taking further fueled declines in livestock futures after live cattle and lean hog contracts touched 2-1/2-week highs this week. A U.S. Labor […] Read more
U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal
Corn, soybeans pare losses as wheat gains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. […] Read more
U.S. livestock: Live cattle mostly up with consumption forecast
Chicago lean hogs also up on day
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firmer on Wednesday as wholesale beef prices stabilized after a recent slide and as a monthly government report helped to temper concerns about waning consumption. Gains were capped by eroding beef packer margins, although cattle demand is likely to remain high this week […] Read more
U.S. grains: USDA cuts soy, corn crop outlooks, trims demand
Large Russian wheat supplies temper war worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. harvest forecast and raised imports by top soy buyer China in a monthly report. Soybean price gains were held in check, however, by expectations for large South American crops that […] Read more
U.S. barge backlog swells on parched Mississippi River
Reading Time: 2 minutes Chicago | Reuters –– Commercial barge traffic on southern stretches of the Mississippi River was at a standstill on Tuesday as low water levels halted shipments of grain, fertilizer and other commodities on the critical waterway, shipping sources said. The supply chain snarl comes just as harvesting of corn and soybeans, the largest U.S. cash […] Read more
U.S. livestock: CME live cattle up on demand, tightening supplies
Hogs up on technical bounce
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Friday in tandem with higher equities and energy markets as a robust slaughter pace and concerns about reduced cattle supplies in the coming months fueled buying. Packers have accelerated their daily slaughter pace following plant downtime around Monday’s Labour Day holiday and they […] Read more
U.S. grains: Corn, soy, wheat rally ahead of USDA report next week
Fresh uncertainty about Ukrainian grain exports raises concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more
U.S. livestock: CME lean hogs mostly lower on weak cash market
Chicago live cattle mixed, feeders up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly lower on Thursday as eroding cash hog prices weighed on the market along with weaker wholesale pork prices and slumping pork exports. Technical buying helped to underpin the actively traded October contract, the only month that closed higher on Thursday, while back month […] Read more
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