Reading Time: 2 minutes MarketsFarm — Canola contracts one the ICE Futures platform held within a narrow range during the week ended Wednesday, waiting for a catalyst to push futures one way or the other. To Errol Anderson of ProMarket Communications in Calgary, canola’s path is connected to a trade deal between the U.S. and China, which be a […] Read more
ICE weekly outlook: Canola hinges on iffy U.S.-China deal
CBOT weekly outlook: Markets brace for weather, trade war
Reading Time: 2 minutes MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more
U.S. grains: Corn, soy up a bit on weather woes, trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed higher on Wednesday on light technical buying as a blizzard bore down on portions of the Plains and Midwest, threatening to delay plantings, analysts said. Wheat futures fell, recording a fifth straight lower close, as traders focused on plentiful world supplies. Chicago Board of Trade […] Read more
U.S. livestock: CME live cattle down as weather fears ease
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Wednesday for a second straight session as worries eased about a blizzard disrupting feedlots in the U.S. Plains, traders said. “The storm system for the most part moved further to the north — more to South Dakota, and missed a lot of […] Read more
World Pork Expo cancelled over swine fever fears
Reading Time: 2 minutes Chicago | Reuters — The U.S. pork industry canceled its annual convention on Wednesday over concerns that international attendees could bring in an incurable hog disease at a time when U.S. farmers are already suffering from trade wars. The decision to scrap the World Pork Expo, held by the National Pork Producers Council in Des […] Read more
U.S. livestock: CME hogs limit down, retreating from last week’s top
Reading Time: 2 minutes Chicago | Reuters — Most months of Chicago Mercantile Exchange lean hog futures closed down the daily three-cent trading limit on Tuesday on softening cash markets and profit-taking following contract highs set last week, analysts said. “The cash market has slowed down. It was down a little yesterday and the carcass values were weaker this […] Read more
USDA to adjust format of monthly supply/demand report
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture will revise its monthly world supply and demand crop reports starting in May to try to account for the outsized role of China’s global grain stocks, a government official said on Tuesday, confirming a note on a USDA website. Starting with its May 10 report, the […] Read more
U.S. livestock: CME hogs lower as rally pauses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mostly lower on Monday as softening cash hog prices sparked a round of profit-taking after Friday’s contract highs, traders said. “Cash prices stopped moving higher at a rapid clip, so everyone is taking a step back,” said Altin Kalo, agricultural economist for New Hampshire-based […] Read more
U.S. grains: Corn, soy, wheat fall on profit-taking but post weekly gains
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped on Friday as uncertainty about the timing and details of a potential trade deal with China caused investors to lock in some profits from recent gains, traders said. End-of-week profit-taking also weighed on the corn and wheat markets. The drop in corn futures was kept in check […] Read more
U.S. livestock: CME hog futures rise again with swine fever in focus
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mostly higher on Friday as speculators continued to push prices higher due to concerns about African swine fever in China, traders said. The spread of the deadly virus has raised expectations of a pick-up in demand from China, the world’s top pork buyer. “The […] Read more
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