Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures slid Thursday as the global spread of the COVID-19 coronavirus raised worries about an economic slowdown that could hurt demand for beef. U.S. beef demand has been strong since last year, helping to push April live cattle futures to a contract high in December. On Friday, though, futures […] Read more
U.S. livestock: CME cattle retreat on demand worries
Hogs up on hopes for sales to China
U.S. grains: Soy up on export hopes, financial market gains
Wheat resumes downtrend after bounce Tuesday
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a third day on Wednesday, nearing a six-week high, on hopes for increased export demand and spillover support from gains in financial markets. Corn futures set a five-week high, while wheat futures slumped. Traders said U.S. soy exports may benefit from an increase in taxes on […] Read more
CBOT weekly outlook: Soybeans, corn recover
More gains possible
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of […] Read more
U.S. livestock: CME live cattle ease with equities
Chicago lean hogs rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened with equities on Tuesday, while hog futures advanced. Moves in the cattle market have nearly mirrored those in equities since last week, traders said, with the global spread of the new coronavirus fueling sharp moves. All three major U.S. stock market indexes dropped more […] Read more
U.S. grains: Soy, wheat, corn up on economic stimulus hopes
Recovery continues off COVID-19-related pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday on technical buying and expectations for a co-ordinated global effort to offset the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the COVID-19 virus, whose global […] Read more
U.S. grains: Soybean futures touch five-week high
Corn rises as markets rebound
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more
U.S. livestock: CME cattle rise in recovery from contract lows
Hogs close mixed as China uncertainty looms
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more
U.S. livestock: CME cattle dive as coronavirus slams global markets
Technical buying limits hogs' losses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a steep sell-off on Friday on growing worries that the spread of coronavirus would dent global economic growth and could tip the world economy into recession. Global stocks and oil prices fell sharply as traders fretted over the economic toll of the virus that […] Read more
ICE weekly outlook: New lows in, but canola stabilizing
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market dropped to fresh contract lows on Tuesday but managed to find some support to the downside and may stabilize for the time being amid oversold price sentiment. The May canola contract, which had started 2020 trading in the $490 area, touched a low of $455 per tonne on […] Read more
CBOT weekly outlook: Coronavirus, other factors grip markets
Reading Time: 2 minutes MarketsFarm — As fears of a worldwide pandemic of the COVID-19 coronavirus increase, markets, including the Chicago Board of Trade (CBOT), are seen to have been taking a beating. “The perception is, it’s going to get worse, that trade is going to struggle,” said Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., analogizing […] Read more
A message from April Stewart, Country Guide's Associate Editor
