CBOT May 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans turn higher after dropping to five-month low

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America. Corn futures ended near unchanged, while wheat futures touched a one-month low on a broadly favourable harvest outlook in the Northern Hemisphere. Positioning ahead of a […] Read more

CME December 2019 lean hogs with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

U.S. livestock: Deferred hog futures set contract highs for fourth day

Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more


ICE July 2019 canola (candlesticks) with CBOT July 2019 soybeans (green) and 20-day moving average (yellow). (Barchart)

ICE weekly outlook: Canola sideways, waiting for news

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain stuck in a sideways trading range overall waiting for some fresh market-moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed supplies overhanging […] Read more

CBOT July 2019 corn (candlesticks), with July 2019 soybeans (green line). (Barchart)

CBOT weekly outlook: Bear market aches for bull news

Reading Time: 2 minutes MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more





U.S. grains: Wheat futures tumble on increasing global supply estimates

U.S. grains: Wheat futures tumble on increasing global supply estimates

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 per cent […] Read more