Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions […] Read more
U.S. grains: Soybeans firm as investors track Argentine weather
Wheat, corn drift lower after multi-week highs
U.S. livestock: CME live cattle futures hit new highs on tight supplies
Technical selling drags on hogs, again
Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures and several deferred feeder cattle futures hit new contract highs on Thursday, as shrinking weights of market-ready cattle and concerns over smaller supplies helped fuel a price rally, traders said. Ongoing concerns over the recent severe winter storm impacting the livestock sector across the U.S. Great Plains […] Read more
Corteva cuts U.S. jobs while exiting Russia
California plant produces seed for sunflower growers
Reading Time: 2 minutes Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
U.S. grains: Corn futures turn higher
CBOT wheat hits months-low on competition from Russian wheat
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn futures ended higher on Friday as the market continues to closely watch the weather in South America, on what turned into a relatively choppy and short trading day, analysts said. Meanwhile, wheat futures fell sharply — with the December contract hitting its lowest since Aug. 22 […] Read more
U.S. livestock: CME futures slip after short, choppy trading day
Beef, pork packer margins in red Friday
Reading Time: < 1 minute Chicago | Reuters — Cattle futures fell on a short, choppy day of trading on Friday, as technical trading had some contracts up earlier in the session even as corn prices firmed, traders said. CME lean hog futures also eased back. The Chicago-traded livestock markets closed early on Friday, and were closed on Thursday for […] Read more
U.S. grains: Soybeans, grains turn higher ahead of U.S. Thanksgiving
Wheat rises as investors position ahead of holiday
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said. Corn futures strengthened, as the market eyed dry weather forecasts that may cause more […] Read more
U.S. grains: Futures slip on rail strike threat, EU wheat talk
U.S. winter crop ratings at lowest since at least 1986
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States […] Read more
U.S. grains: Soy futures up on China COVID curbs, weakening U.S. dollar
Corn market gains boosted by strength in crude oil market
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand. Soybeans bounced on hopes that China’s move to ease some COVID-19 curbs might spur economic activity, potentially boosting demand for goods including soybeans. […] Read more
U.S. livestock: CME futures fall on grain rally
Beef cutout price drops
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures slid on Friday as grain futures rallied, underpinned by strong commodities and equities markets, brokers said. The downward trend started when live cattle markets took a hit earlier in the day, when the feeder cattle traders began selling off their positions as corn futures firmed […] Read more
U.S. grains: Chicago futures slide on profit taking, slumping dollar
Wheat slips following USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago corn, wheat and soybean futures all fell on Thursday as investors across the board sought to take profits amid global supply questions, even as the U.S. dollar tumbled on news that U.S consumer prices rose less than expected in October, traders said. The monthly U.S. inflation reading is being closely […] Read more
A message from April Stewart, Country Guide's Associate Editor
