Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, with the most-active December contract rallying from a one-week low on technical buying and anticipation of strong consumer demand, traders said. The market shook off pressure from bearish data in Monday’s U.S. Department of Agriculture cold storage report, which showed total […] Read more
U.S. livestock: CME cattle up on technical buying
Speculators grow net short position in canola
Reading Time: < 1 minute CNS Canada — Large speculators added to their net short positions in the ICE Futures canola market during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators grew their net short position in canola to 27,709 contracts […] Read more
U.S. grains: Corn higher on export demand, short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed more than one per cent on Friday to their highest in more than a week, buoyed by end-user demand and fund short-covering, analysts said. Wheat and soybean futures declined but still recorded weekly advances. Chicago Board of Trade December corn settled up 4-3/4 cents at $3.57-1/4 per […] Read more
U.S. livestock: Cattle surge on technical buying, packer demand
Reading Time: 2 minutes Chicago | Reuters — Cattle futures jumped the most in more than a month on Monday, buoyed by technical short covering and optimism that demand from beef packers that resulted in last week’s large cattle slaughter will continue this week, traders and analysts said. Front-month June live cattle futures briefly rose by their daily three-cent […] Read more
U.S. grains: Wheat, soy drop in technical sell-off
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and soybean futures fell sharply on Friday in a technical sell-off following U.S. government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said. Wheat declined to a 1-1/2-week low and soy dropped 2.5 per cent, while corn futures were down about 0.7 per […] Read more
U.S. grains: Wheat lower on technicals, better weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-week low on Monday on technical selling and an improving weather outlook, including beneficial moisture in parts of the Midwest winter wheat belt, analysts said. Soybean futures set a two-week low on forecasts for much-needed moisture in parts of Argentina, and corn sagged as well. […] Read more
U.S. livestock: Live cattle extend slide on long liquidation
Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more
CFTC fines cattle futures traders US$5 million
Reading Time: < 1 minute Chicago | Reuters — U.S. futures regulators fined a Memphis trading firm and three associates US$5 million on Wednesday for using a manipulative tactic in CME Group’s cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading + Investments $1.5 million and its chairman, Charles Dow McVean, […] Read more
U.S. grains: Corn firms on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed about two per cent on Monday on short-covering ahead of the Midwest planting season and chart-based buying, analysts said. Wheat futures were also higher on short-covering while soybeans closed almost flat, retreating from early advances. Chicago Board of Trade May corn settled up 7-1/2 cents at $3.67 […] Read more
U.S. grains: Wheat, corn hit two-week lows on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soybeans closed modestly higher, bouncing after the spot March contract hit a six-week low. Chicago Board of Trade March wheat settled down 6-3/4 cents at $4.31-1/4 […] Read more
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