Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog and cattle futures closed mostly higher, supported by hopes for improved exports in the coming weeks, traders said. Technical buying also helped cattle futures, which were still trading close to contract highs hit earlier in the week. Traders also noted strength in the cash markets as […] Read more
U.S. livestock: Hogs, cattle rise as export hopes remain
ICE weekly outlook: Canola stuck in winter slump
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to […] Read more
CBOT weekly outlook: Trade news having little effect
Reading Time: 2 minutes CNS Canada — Even though news out of Beijing regarding the trade talks between the U.S. and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on commodities. “The only thing that would be a real positive announcement would […] Read more
U.S. grains: Soy climbs on China trade optimism
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rebounded on Wednesday, posting gains for the fifth session in six on hopes that China will accelerate its purchases of U.S. agricultural products following three days of trade talks with the United States this week. Corn also firmed as traders anticipated the grain would be among the goods […] Read more
U.S. livestock: Cattle ease after rally
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose 2.1 per cent to their highest in more than three weeks on Wednesday. Cattle futures were weaker, pressured by profit-taking after the front-month February live-cattle contract hit an all-time high on Tuesday. “There was no fundamental line item to go with it yesterday so […] Read more
U.S. grains: Soybeans slip from rally, eyes on China talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined for the first time in five sessions on Tuesday in a profit-taking and technical setback after notching 3-1/2-week highs a day earlier. Losses were limited, however, by hopes that trade talks between Washington and Beijing will open the door for more U.S. soybean exports to China following […] Read more
U.S. livestock: Hogs rise on China hopes
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures were mostly higher on Tuesday, supported by prospects for improving export demand, traders said. The market was waiting for a pickup in deals from China due to the spread of African swine fever there. “That hope is still out there, but it’s elusive, and it’s up […] Read more
U.S. grains: Soy firm on Brazil dryness, China trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday for a fourth straight session and notched a three-week high on concern about dry weather in Brazil and as trade talks between Washington and Beijing raised hopes of accelerated export purchases by China. Corn and wheat eased as some traders sold contracts to take profits […] Read more
U.S. grains: Soybeans up as China talks fuel export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a two-week high on Friday on optimism over U.S.-China trade talks planned for next week, coupled with declining estimates of the size of Brazil’s developing crop, traders said. Corn and wheat followed the firm trend, with brightening export prospects for both grains lending support. Chicago Board […] Read more
U.S. livestock: Cattle ease on technical selling after steady cash sales
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures eased as much as one per cent on Thursday, weighed down by technical selling and steady deals in cash markets in the southern Plains, traders and analysts said. Live cattle futures weakened for the fourth straight session on the Chicago Mercantile Exchange. The market had climbed to life-of-contract […] Read more
A message from April Stewart, Country Guide's Associate Editor
