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(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: CBOT wheat rallies on short-covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions, traders said. The short squeeze came as the winter wheat crop in the U.S. has been breaking dormancy. “I think […] Read more
U.S. livestock: Hog futures mixed after hitting three-month high
Livestock, Markets, Reuters

U.S. livestock: Hog futures mixed after hitting three-month high

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more
CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat falls on profit-taking

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased 1.2 per cent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soybeans ended higher after weakening overnight and early in the day session as traders moved to cover short positions amid […] Read more
Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)
Corn, Crops, Reuters

Trump’s EPA unveils plan to pump up ethanol as Big Oil cries foul

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Reading Time: 3 minutes Reuters — The U.S. Environmental Protection Agency on Tuesday released its proposed rule lifting a summer ban on higher-ethanol blends of gasoline to help farmers, putting the agency on a collision course with Big Oil which has called the move illegal. The proposal to broaden sales of the so-called E15 rule marks the latest flashpoint […] Read more
U.S. livestock: Hogs extend win streak on short-covering, firm cash
Livestock, Markets, Reuters

U.S. livestock: Hogs extend win streak on short-covering, firm cash

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Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rallied to two-month high on Tuesday, their third straight day of gains, as investors scrambled to cover shorts amid concerns about supplies and signs of cash market strength, traders said. Live cattle futures were weaker, with abundant supplies continuing to weigh on the market. Concerns about African […] Read more
CBOT May 2019 wheat with Bollinger bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies as investors cover shorts

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped 5.5 per cent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said. Corn and soybeans also were higher after recent declines, but their gains paled in comparison with wheat as traders unwound bearish positions despite […] Read more
U.S. livestock: Hog futures rally for second day
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally for second day

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Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog futures rallied 3.7 per cent on Monday to their highest level since January, with strength in the cash market leading the way, traders said. But cattle futures weakened, setting back from Friday’s gains amid plentiful supplies. Chicago Mercantile Exchange April lean hogs settled 2.3 cents higher at 62.85 […] Read more
CBOT May 2019 wheat, with MGEX May 2019 wheat in orange. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures plunge to contract lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank 2.7 per cent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals. The weakness in wheat weighed on corn, which notched its fourth straight day of declines and hit […] Read more
U.S. President Donald Trump and First Lady Melania Trump survey damage and are briefed by a FEMA official on March 8, 2019 in Beauregard, Alabama, where 23 people in Lee County were killed by tornadoes earlier in the week. (Photo: Reuters/Mike Theiler)
General, Markets, Reuters

Trump budget proposes steep subsidy cuts to U.S. farmers

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Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump’s 2020 budget on Monday proposed a 15 per cent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs. The Republican […] Read more

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