Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday in a technical-selling and profit-taking setback from 3-1/2 month highs posted in the prior session. Sharply lower feeder cattle futures amid higher corn feed costs put further pressure on live cattle contracts, as both livestock markets took a breather after scaling to […] Read more
U.S. livestock: Cattle futures dip in technical, profit-taking pullback
CME hogs end day mixed
U.S. grains: Corn, soybeans gain as U.S. crop ratings decline
Restart of Ukraine sea exports anchors wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures climbed to their highest in more than a week on Tuesday on lower weekly U.S. crop condition ratings and worries that hot, dry weather in the western Midwest forecast would continue to stress crops. Wheat was also firmer as the dollar softened, although gains were limited […] Read more
U.S. grains: Corn, soybeans slip after Midwest rains
Traders looking ahead to USDA report on Friday
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures eased on Monday as improved weather in parts of the U.S. Midwest’s farm belt boosted harvest prospects for crops stressed recently by high temperatures and dryness. Chicago Board of Trade wheat firmed as the dollar softened, although gains were limited by improving prospects for exports from […] Read more
Good weather, moisture boost northern North Dakota spring wheat prospects
Reading Time: 2 minutes Devil’s Lake, N.D. | Reuters – Good weather and rains lifted spring wheat yields across northwest and north central North Dakota, although the lagging maturity of the late-planted crop may limit harvest prospects in the top producer of the high-protein grain, scouts on an annual tour said on Wednesday. Crop scouts estimated the average yield […] Read more
U.S. livestock: CME live cattle reach three-week peak
Lean hogs mixed; U.S. Plains heat wave looms
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a three-week high on Tuesday on sinking corn feed prices and concerns that hot, dry weather at central and southern Plains feedlots will continue to shrink livestock supplies, traders said. Technical buying further fueled the gains as cattle markets advanced despite broad-based selling across […] Read more
U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand
Larger corn, soybean supplies in forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more
U.S. grains: Soy, corn firm on weather worries
CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less […] Read more
U.S. livestock: CME live cattle jump on cash market premiums
Feeder cattle firm, lean hogs mixed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts firmed on Monday on technical buying and support from the premium of cash market prices to the actively traded front-month futures contract. Live cattle drew further support from firm beef prices and gains in feeder cattle futures. “Live cattle were up on the strong cash […] Read more
U.S. grains: Soybeans end mostly lower, grains plunge after USDA acres data
Reading Time: < 1 minute Chicago | Reuters – U.S. soybean futures closed mostly lower on Thursday as midsession support from a lower-than-expected U.S. crop acreage estimate and tightening stocks was eclipsed by broader economic concerns as equities and energy markets retreated. Soy had traded higher after the U.S. Department of Agriculture (USDA) said American farmers planted fewer acres this […] Read more
Indigo Ag to roll out first tranche of farm soil carbon credits
Reading Time: < 1 minute Chicago | Reuters – U.S. farm technology firm Indigo Agriculture on Wednesday said its carbon farming program has produced 20,000 tonnes in soil carbon credits that it will sell as emissions offsets to buyers including JPMorgan Chase JPM.N, Barclays BARC.L and The North Face. They are the first agricultural soil carbon credits to be verified […] Read more
A message from April Stewart, Country Guide's Associate Editor
