Reading Time: 3 minutes U.S. corn futures rose 1.8 per cent on Friday, reversing three days of declines on strong cash markets as farmers focused on planting their 2013 crop rather than selling in the cash market, traders and analysts said. Soybeans rose for a second session, with the benchmark July contract reaching a two-month high on tight U.S. […] Read more
U.S. corn up with farmers busy planting, not selling
U.S. cattle futures dip on belief beef peak scaled
Reading Time: 3 minutes Chicago Mercantile Exchange (CME) live cattle futures fell on Wednesday on trade ideas that the top of cash markets are set following a series of gains to record highs in the wholesale beef market, traders and analysts said. “It’s a wait-and-see game to see what cash does. Beef is at record highs, but some people […] Read more
Most U.S. live cattle dip despite record-high beef
Reading Time: 3 minutes Most Chicago Mercantile Exchange (CME) live cattle futures contracts eased Tuesday in anticipation of a seasonal top soon in beef markets and despite a jump to a record high for U.S. choice wholesale beef carcasses, analysts and traders said. Analysts said there was a fierce battle in the cattle futures market, with market bulls citing […] Read more
U.S. live cattle firm on positive packer profits
Reading Time: 3 minutes Chicago Mercantile Exchange (CME) live cattle futures closed firm on Monday as the wholesale beef market remained near record highs and on improving profits for the nation’s beef packers, traders and analysts said. Feeder cattle futures eased on a strong rally in Chicago Board of Trade corn futures and most lean hog contracts gained amid stubbornly […] Read more
U.S. feeder cattle jump on prospects for cheaper feed
Reading Time: 3 minutes Chicago Mercantile Exchange (CME) feeder cattle futures rose on Friday, led higher by deferred contracts, on expectations for lower cattle feed costs following a government forecast for a big build in corn supplies, traders and analysts said. The U.S. Department of Agriculture (USDA), in its May supply and demand report released Friday, forecast a 164 […] Read more
U.S. live cattle futures up as cash keeps climbing
Reading Time: 3 minutes Chicago Mercantile Exchange (CME) live cattle futures posted tentative gains on Thursday on a rebound from the steep slide since the month began and continued strength in the cash markets, traders and analysts said. “It was oversold, due for a correction, and obviously we’re (futures) a long way under the cash market,” said Jim Clarkson, […] Read more
U.S. corn ticks higher after biggest decline in five weeks
Reading Time: 3 minutes Chicago Board of Trade (CBOT) corn futures turned higher on Tuesday in a recovery bounce after their biggest plunge in five weeks on Monday as U.S. farmers struggle to plant corn in muddy fields. The pace of corn planting is the slowest pace in 29 years, a bullish market factor since it could result in […] Read more
U.S. wheat slips to post second weekly loss
Reading Time: 3 minutes Chicago Board of Trade (CBOT) wheat futures fell nearly two per cent on Friday on profit-taking, after prices rose the previous session amid concerns about yield losses due to freezes in the U.S. Plains hard red winter wheat region. “There was some profit-taking after yesterday’s pop, a lot of people just wanted to put some […] Read more
Freeze fears boost U.S.wheat
Reading Time: 4 minutes Chicago Board of Trade (CBOT) wheat futures jumped 1.3 per cent on Thursday, posting its biggest one-day advance in two weeks on concerns about production declines in the U.S. Plains hard red winter wheat belt due to freeze damage while soybeans leaped 1.4 per cent, the most in a month, on soaring U.S. cash soy […] Read more
U.S. soybeans tumble on looming South American sales
Reading Time: 4 minutes Chicago Board of Trade (CBOT) soybean futures fell over one per cent on Wednesday on long liquidation anticipating heavy movement soon of soybean supplies from South America’s bumper harvest. Slow sales of soy from Brazil and Argentina have been helping lift soybean futures but traders said they expected movement to increase soon. Spot May which […] Read more
A message from April Stewart, Country Guide's Associate Editor
