Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose by their daily limit to a 14-year high on Wednesday as the war in Ukraine raised major concerns about grain supplies that will be available from the Black Sea region. Corn futures reached their highest price since December 2012, when the market set an […] Read more
U.S. grains: CBOT wheat hits 14-year peak in volatile trading
Soyoil sets record high before retreating
U.S. grains: Chicago wheat limit up to 14-year peak
Soyoil sets record on Russia-Ukraine crisis
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures soared by the daily limit to their highest level in almost 14 years on Tuesday as traders feared prolonged disruptions to global supplies following Russia’s invasion of fellow grain exporter Ukraine. Soyoil futures set an all-time high on worries over vegetable oil exports from the […] Read more
U.S. livestock: CME feeder cattle hit four-month low
Live cattle weaken; lean hogs higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures dropped to a four-month low on Tuesday and live cattle futures eased as Wall Street tumbled, traders said. A surge in prices for grains used for livestock feed added pressure on feeder cattle, traders said. Corn and wheat futures each rose by their daily trading […] Read more
U.S. livestock: CME live cattle fall, feeder cattle lowest since November
April, June hogs down on day
Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell to their lowest level in more than a month on Monday as beef prices weakened and some traders reduced risk amid uncertainty over Russia’s invasion of Ukraine, analysts said. Feeder cattle futures fell to their lowest price since November and lean hogs also slumped. […] Read more
U.S. grains: Corn limit up on Russia-Ukraine supply fears
Egypt cancels wheat tender amid market turbulence
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
U.S. livestock: CME cattle down on lower cash prices
Chicago lean hogs extend decline
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped on Friday as cash market prices this week were lower than anticipated, while lean hog futures dropped for a third straight session. Weakening wholesale beef prices added pressure to live cattle, along with adequate supplies of animals available to packers through the summer. The […] Read more
U.S. livestock: CME cattle, hogs sink on profit-taking
March feeder cattle drop as grains surge
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange livestock futures tumbled on Thursday as profit-taking and long liquidation pressured prices following recent gains, analysts said. Lean hog futures pulled back from contract highs reached on Wednesday as traders monitored swings in the stock market after Russia invaded Ukraine. CME April hog futures sank 2.5 cents to […] Read more
U.S. grains: Soy rises on South American crop woes
Wheat, corn futures rally
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose on Friday on diminishing harvest estimates in South America, though trading remained volatile a day after prices reached a nine-month high, analysts said. Corn and wheat futures jumped on increased concerns that Russia may invade Ukraine and disrupt grain shipments from the Black Sea […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
Hog futures lower despite rising cutout
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Friday as the market retreated from contract highs hit this week. Profit-taking weighed on futures prices, though the market remains supported by strong demand for cattle from meatpackers, traders said. Packers such as Tyson Foods and JBS slaughtered an estimated 120,000 cattle on […] Read more
U.S. grains: Soy, corn end lower in volatile sell-off
Wheat down off early strength
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures closed lower on Thursday after a wild session, retreating after a run-up to multi-month highs as a wave of profit-taking and farmer selling overshadowed support from shrinking estimates of South American crops due to drought, analysts said. Chicago Board of Trade March soybeans settled down 20-1/2 […] Read more