Reading Time: 3 minutes U.S. cattle futures were higher on Thursday on a late bout of short-covering in consolidation trade, but weak cash markets and the global economic uncertainty dampened bullish momentum, analysts and traders said. "Cattle are suffering from the fallout of other markets. The weak macro behaviour is weighing on futures," said Sterling Smith, futures specialist for […] Read more
U.S. live cattle gain in consolidation trade
Economic gloom hits U.S. live cattle futures
Reading Time: 3 minutes U.S. live cattle futures fell to a two-and-a-half-month low on Wednesday in a broad-based selloff sparked by renewed concerns about the global economy that led to safe-haven investing in the dollar at the expense of other investments such as cattle, traders and analysts said. "It’s a technical meltdown in cattle right now and a global […] Read more
U.S. wheat soars on hopes of export demand shift
Reading Time: 3 minutes Chicago wheat futures soared more than two per cent on Thursday amid expectations that the world’s No. 4 exporter Russia could soon run out of supplies, forcing some demand to shift to the United States, the top shipper of the grain. The expectations stemmed from a large purchase of wheat from the Black Sea region, […] Read more
U.S. soy tumbles on harvest weight
Reading Time: 3 minutes U.S. soybeans slid over one per cent on Wednesday, notching the biggest one-day drop in three weeks as the harvest in the Midwest farm belt got underway and on profit-taking a day after prices set an all-time high near US$18 per bushel. Prices in the cash market have been tumbling on expectations for increased supplies […] Read more
U.S. soybeans hit all-time high
Reading Time: 3 minutes Soybean prices ended higher on Tuesday, after hitting a record high of nearly $18 per bushel as investment funds bought futures after the worst U.S. drought in 56 years devastated crops. Spot soybeans hit an all-time high of $17.94-3/4 per bushel, piercing the high of $17.80-3/4 hit last week (all figures US$). Soymeal, the main […] Read more
U.S. wheat falls after Russia rules out export limits
Reading Time: 3 minutes Wheat prices fell more than one per cent on Friday to post their biggest loss in a week in reaction to month-end fund positioning, profit taking, and bearish news that Russia said it will not limit grain exports. Corn and soybeans also declined on profit-taking after corn soared to a drought-induced record high early in […] Read more
Rain from Isaac to help U.S. wheat, but not corn, soy
Reading Time: 3 minutes The drought-parched Midwest farm belt in the U.S. could get up to five inches of rain from what’s now Hurricane Isaac — but it would be a mixed blessing to farmers, as the moisture will be too late for corn and soybeans but just in time for wheat planting next month. Farmers are harvesting their […] Read more
Grain trade’s eyes on Isaac, U.S. soy dips on profit-taking
Reading Time: 3 minutes Soybeans fell on Monday as investors took profits and unwound bull spreads after the market set a new peak, with traders watching for crop damage as Tropical Storm Isaac churned toward the U.S. Gulf Coast. Corn and wheat futures at the Chicago Board of Trade (CBOT) were also lower, weighed down as new-crop November soybeans […] Read more
Grains – soybeans rally ahead of tour’s final tally
Reading Time: 2 minutes U.S. soybeans rose 1 per cent on Friday, and posted the biggest weekly gain in a month, ahead of final crop estimates from the Pro Farmer tour of the Midwest this week that were released at the close of Friday’s futures trading. Following its week-long tour of the U.S. Midwest crop belt, Pro Farmer pegged […] Read more
Corn and soy drop as focus shifts from drought impact
Reading Time: 2 minutes U.S. corn shed over 2 per cent of value on Thursday and soybeans eased 1 per cent as investors banked profits on a lack of fresh bullish news, analysts and traders said. "It can’t keep going up forever. Eight-dollar corn and $17 beans are pretty pricey, it got a little overdone to the upside," a […] Read more
A message from April Stewart, Country Guide's Associate Editor
