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Author Archives P.J. Huffstutter

Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Markets, Reuters

Bayer sees farmers pre-buying inputs as supply-chain snarls continue

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Reading Time: 2 minutes Chicago/Berlin | Reuters — U.S. farmers are pre-buying seeds and chemicals they need earlier than normal, in a bid to secure supplies for next spring amid sector-wide supply-chain problems, a top executive at German agricultural and pharmaceuticals firm Bayer said Tuesday. Bayer also estimates its average seed prices will go up about five per cent […] Read more
CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy bounce on technical buying, potential export demand

CBOT wheat turns higher on Paris rally

By
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mixed

Hogs rise on short-covering

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell on Friday, pressured by rising corn prices, while live cattle futures inched up as traders anticipated seeing the cash trade improve, traders said. Meanwhile, lean hog futures rose on short-covering ahead of the weekend. The cattle market has been battered by boxed beef prices […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing. […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Futures see ‘dead cat bounce’

Traders watching potential for increase grain export demand

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures prices crept up on Thursday, finding chart support after sharp losses over the past two sessions on higher-than-expected U.S. grain supply forecasts. It has been a rocky week for the corn and soybean markets. The U.S. Department of Agriculture (USDA) on Tuesday released estimates of both […] Read more
CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy futures fall on big grain stocks, export pace

CBOT wheat falls on profit-taking

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dipped to a four-week low on Wednesday as the grain markets continued to feel pressure from higher than expected forecasts of U.S. supplies, traders said. Soybean futures fell further, a day after the U.S. Department of Agriculture (USDA) projected U.S. soybean and corn ending stocks were above the […] Read more
CBOT November 2021 soybeans (candlesticks) with ICE November 2021 canola (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans touch last December’s lows

Soy, corn production bigger than previously expected, USDA says

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Tuesday to the lowest seen since December 2020, after a U.S. government report pegged soybean and corn production to be bigger than traders had previously expected. The monthly world agricultural supply and demand estimates (WASDE) report pegged the soybean crop at 4.448 billion bushels, and soybean […] Read more
CBOT November 2021 soybeans (candlesticks) with 10-, 20- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on expectations for bearish production report

Rising U.S. crude oil market helps limit soy price drop

By
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of what is expected to be a bearish U.S. production forecast this week. The benchmark Chicago Board of Trade November soybean futures contract hit technical resistance at […] Read more
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean […] Read more
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle rally continues on steady cash market, technical buying

Chicago hogs also find support

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Reading Time: 2 minutes Chicago | Reuters — Technical buying and a steady cash market helped fuel Chicago Mercantile Exchange live and feeder cattle futures on Thursday, sending prices to multi-week highs and stretching the rally into a fourth trading session, traders said. Most-active November feeder cattle touched its highest price since Sept. 9 and ended up 3.475 cents […] Read more

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