Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rallied to new contract highs on Monday on rising concerns about the spread of a deadly pig disease in China, the world’s largest hog and pork market, and as wintry weather in the U.S. Midwest threatened to disrupt hog movement. The gains followed a surge in hog […] Read more
U.S. livestock: CME lean hogs rise on China disease worries
U.S. grains: Corn resumes climb ahead of monthly USDA report
Frigid weather in U.S. grain belt lifts wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department of Agriculture (USDA) report scheduled […] Read more
U.S. livestock: CME hogs touch contract high for fourth straight day
Live cattle up, feeder cattle retreat
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures extended their rally on Friday, setting a contract high for the fourth consecutive day on strong demand, while live cattle futures topped a one-year high. Traders predicted Chinese buyers will continue to snap up U.S. pork after the U.S. Department of Agriculture on Thursday reported export sales […] Read more
U.S. livestock: CME hogs touch contract high for third day
Cattle futures up with beef exports
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures climbed on Thursday, setting a contract high for the third consecutive day on firm Chinese demand, traders said. Weekly U.S. pork export sales to China, the world’s top pork consumer, reached a three-month high of 17,873 tonnes in the week ended Jan. 28, according to the U.S. […] Read more
Feed weekly outlook: Grain exports, prices rise
Reading Time: < 1 minute MarketsFarm — As more Canadian feed grains make their way overseas, especially into China, domestic buyers may need to pay more secure supplies from emptying bins over the next few months. “Anything extra we’re able to export is getting exported at this point,” Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta., […] Read more
U.S. grains: Corn slips after touching new high on Chinese demand
U.S. export, supply-demand data awaited for China update
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended lower on Thursday after hitting a 7-1/2-year high, supported by the U.S. Agriculture Department’s confirmation of strong Chinese demand. Soybeans closed higher on strong weekly export sales as traders weighed rain delays to Brazil’s harvest. Wheat fell, despite weekly export sales at the high end of analysts’ […] Read more
CBOT weekly outlook: Corn, soybeans may see seasonal slowdown
However, more upside remains possible
Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more
China’s appetite for feed barley sucks in new crop from Canada, France
Tariff on Australian barley favours other suppliers
Reading Time: 3 minutes Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig […] Read more
U.S. grains: Corn falls after six-session gain
Wheat eases as Egypt tender favours Russian wheat, despite export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures eased on Tuesday after six sessions of gains, as the market watched to see if a surge in Chinese demand would continue to erode U.S. supplies. Soybeans also fell as traders assessed upcoming Brazilian exports against risks that rainfall will slow harvest work. Wheat followed corn and soybeans […] Read more
U.S. grains: Corn sets new high on export sales
Wheat falls even as Russia considers more export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to 7-1/2-year highs on Monday, supported by continued export demand. Soybeans ended slightly weaker after climbing back from a 20-cent drop in earlier trading, supported by a slow Brazilian harvest that could affect exports (all figures US$). Wheat followed soy lower. The Chicago Board of Trade’s most-active […] Read more
A message from April Stewart, Country Guide's Associate Editor
