Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures closed mostly higher on Monday, with the benchmark April contract rebounding from a life-of-contract low on slightly firmer cash markets, traders said. Rallies were capped by continued uncertainty about the impact of the coronavirus on demand for commodities in China, the world’s top pork consumer. Fears of economic […] Read more
U.S. livestock: Lean hogs end firm in rebound after contract lows
Live cattle up on bargain buying
U.S. grains: Corn hits two-week low on virus worries
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday as traders worried that the fallout from the coronavirus epidemic could include an economic hit to China, traders said. But soybean and wheat futures ended modestly higher, rebounding from multimonth lows on light bargain buying, strength in soyoil and supportive soybean […] Read more
Poor Chinese demand a setback for grain exports
Reading Time: 2 minutes MarketsFarm — Canadian grain exports from licensed facilities are running well behind the previous year’s pace, due primarily to a sharp reduction in movement to China, according to latest monthly data from the Canadian Grain Commission. Total exports at Dec. 31 of grain, oilseed and pulse crops for the 2019-20 crop year to date came […] Read more
U.S. grains: Soybeans, wheat fall as coronavirus spreads
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said. The losing streak marks the longest for the most-active soybean futures contract since a 10-day stretch that […] Read more
U.S. livestock: Hogs sink for third day as coronavirus spreads
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures sank to contract lows on Friday, their third straight day of declines in the fifth in the last six sessions, on worries about the coronavirus wreaking havoc on demand from China, traders said. On a continuous basis, the front-month hog futures contract hit its lowest since March 6, […] Read more
U.S. livestock: Hogs limit down to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures sank by their daily trading limit to contract lows on Thursday under pressure from hefty supplies and fears about the spreading coronavirus outbreak. Cattle futures also hit multi-month lows. U.S. hog supplies are large after farmers expanded their herds to supply new processing plants. But traders are now […] Read more
U.S. grains: Soybeans set eight-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for an eighth consecutive session on Thursday and hit an eight-month low as the rising toll from the coronavirus outbreak in China added to concerns about Chinese demand for American crops. Wheat also eased and set a three-week low on the Chicago Board of Trade as the […] Read more
U.S. livestock: Hogs, cattle sink to multi-month lows
Ample supplies drag on cattle futures
Reading Time: < 1 minute Chicago | Reuters — U.S. hog and cattle futures dropped to fresh multi-month lows on Wednesday. Ample supplies and weakening cash markets weighed on the cattle contracts while concerns about demand from China pressured hog futures. The pressure on cattle comes at a time of year when the market tends to find support due to […] Read more
ICE weekly outlook: Canola values steady after losses
Weaker loonie supportive for canola
Reading Time: < 1 minute MarketsFarm — Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins […] Read more
CBOT weekly outlook: Soybeans oversold
Reading Time: 2 minutes MarketsFarm — Sharp losses in Chicago Board of Trade soybeans over the past month are looking overdone, according to an analyst who expects the lows may be in for the time being. March soybeans lost roughly 60 U.S. cents per bushel since the beginning of January, with the latest concerns over the coronavirus in China […] Read more
A message from April Stewart, Country Guide's Associate Editor
