Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Wednesday, led higher by a bargain buying bounce in the feeder cattle contracts. The feeder cattle market, which jumped 1.4 per cent on Wednesday, was sharply oversold after the front-month contract hit its lowest since May 24 on Tuesday, traders said. “The feeder market […] Read more
U.S. livestock: CME cattle futures rise on bargain buying
ICE weekly outlook: Weak export data holds back canola market
Reading Time: 2 minutes The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market analyst. Other than being down on Monday, canola has finished up in five of its last six sessions, according to Pro Farmer Canada’s Mike Jubinville. […] Read more
U.S. livestock: CME cattle fall as temperatures set to rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Monday, pressured by forecasts for better weather in the U.S. Plains following snowstorms and bitter cold in the past week, traders said. “The big thing in the cattle was a real clear message that we have a sharp increase in temperatures coming up in […] Read more
U.S. grains: Soy, corn sag on uncertainty over China trade talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell to session lows on Tuesday on reports that the Trump administration turned down Chinese offers this week for preparatory trade talks, brokers said. The declines in corn and soybeans also pared advances in wheat futures, which nonetheless ended higher on signs of tightening Russian supplies. […] Read more
U.S. livestock: Hogs rise on hopes for China trade talks
Reading Time: 2 minutes Chicago | Reuters — Hopes for progress in talks to resolve the U.S.-China trade war lifted Chicago Mercantile Exchange lean hog futures on Friday, traders said. Wall Street and commodities advanced after Bloomberg, citing people familiar with the matter, reported that China offered to go on a six-year buying spree to ramp up imports from […] Read more
U.S. grains: Renewed optimism for China trade talks lifts grains
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose for a third straight session on Friday in a broad commodities and equities market rally sparked by renewed optimism about U.S.-China trade talks. Wheat edged upward along with corn and soy, but shed gains late in the day as traders pocketed profits fueled by media […] Read more
Canola trade on edge over China tensions
Reading Time: 2 minutes Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased […] Read more
U.S. grains: Wheat, corn, soy break through key technical levels
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures climbed for a second straight session on Thursday in a short-covering and technical bounce following a steep drop earlier this week. Gains in wheat ignited the rally as hopes for a pickup in U.S. wheat export demand pushed prices through key technical levels. Corn and […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
Reading Time: 2 minutes CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
U.S. grains: Corn rebounds in export demand, bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Wednesday in a bargain-buying and short-covering bounce as the market’s steep drop to six-week lows in the previous session triggered renewed demand for the feed grain. Wheat and soybeans also rebounded after both markets hit two-week lows on Tuesday, although buying interest evaporated late in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
