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CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy down as weather favours yield prospects

Trade monitoring Northern Hemisphere wheat crops

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday, nearing a two-week low as Midwest weather forecasts turned milder for the crop’s key growth phase this month, raising the potential for a large harvest, analysts said. The rosy weather outlook also pushed soybean futures lower, and wheat followed the […] Read more
CME August 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs up on pork demand, export optimism

Feeder cattle up on lower corn prices

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rose on Monday on signs of improving demand for pork products and optimism about export demand from China as the Asian country struggles with renewed outbreaks of a hog disease, traders said. Chicago Mercantile Exchange (CME) August lean hog futures settled up 1.4 cents at 51.275 cents/lb., after […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures weaken, cattle futures advance

Cattle values rise as corn values drop

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Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures on Friday pulled back from a rally the previous session as large supplies and doubts about Chinese imports weighed on the market, analysts said. Chicago Mercantile Exchange (CME) August lean hog futures settled down 0.35 cent at 49.875 cents/lb. (all figures US$). The contract has rebounded slightly since […] Read more
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybeans drop on favourable weather

Chicago wheat jumps

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures prices fell on Friday on expectations for beneficial rains in crop-growing areas and as President Donald Trump said the country’s relationship with trading partner China was severely damaged. A monthly U.S. Department of Agriculture (USDA) report pegged America’s harvests below analysts’ expectations, although the estimates were […] Read more
(Zevei-Wenhui/iStock/Getty Images)
Livestock, Markets, Reuters

China’s slower meat imports seen worsening its protein shortage

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Reading Time: 2 minutes Beijing | Reuters — China’s dwindling pace of meat imports, thanks to its tough measures against coronavirus contamination, will provide further support for prices already buoyed by a severe shortage of pork, analysts said. Purchases of pork and other meats have soared this year after domestic production shrank 30 per cent following an outbreak of […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Trade looks to weather for support

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Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans hit four-month high on hot, dry weather

CBOT corn futures near 3-1/2-month peak

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Monday as expectations for unfavourably hot, dry weather increased concerns over the crops, after the federal government said last week that U.S. farmers planted fewer acres than expected. Soybeans touched a four-month high and corn traded near last week’s 3-1/2-month peak as the markets […] Read more
(Xinzheng/Getty Images)
Crops, Reuters

China says could take more action against Canada

Ottawa and allies 'kicking against the pricks,' foreign ministry says

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Reading Time: < 1 minute Beijing | Reuters — China said on Monday it reserved the right to take more action after Canada suspended its extradition treaty with Hong Kong and said efforts to pressure Beijing were “doomed to fail like kicking against the pricks.” Chinese foreign ministry spokesman Zhao Lijian made the remarks about the potential for more action […] Read more
(File photo by Dave Bedard)
Beef Cattle, Livestock, Markets

China suspends beef imports from Cargill plant

High River plant on long list of blocked facilities

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Reading Time: < 1 minute China has temporarily suspended imports of beef from Cargill’s major beef packing plant at High River, Alta., part of a long list of meat plants blocked in the last half of June. The Reuters news service on Monday published a list of meat packing plants from around the world which during June and early July […] Read more
CBOT September 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more

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