Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures ended mostly lower on Wednesday as the market retreated from contract highs reached this week. Feeder cattle and hog futures were also mostly weaker. Analysts predict meat packers such as Tyson Foods and JBS USA will buy fewer cattle over the next two weeks because Christmas and […] Read more
U.S. livestock: CME live cattle retreat from contract highs
CBOT weekly outlook: Trade awaits solid details on ‘Phase One’
Reading Time: 2 minutes MarketsFarm — While optimism towards the ‘Phase One’ trade deal between the U.S. and China has continued, its initial impact on the Chicago Board of Trade (CBOT) has diminished, according to one trader. “I think the biggest thing is everyone is on hold wondering, is it real? The actual terms of this [agreement] are still […] Read more
U.S. grains: Soy, corn, wheat rise for fourth straight day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the fourth session in a row on Tuesday, hitting their highest level since Nov. 8, following the soyoil market’s rally to its highest in nearly two years, traders said. Corn and wheat futures also extended their winning streaks as funds unwound bearish bets on hopes for […] Read more
U.S. livestock: CME cattle, hogs mixed on trade detail uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures slipped on Tuesday, as uncertainty about details from the U.S.-China “Phase 1” trade agreement continued to make the market nervous, brokers said. Meanwhile, Chicago Mercantile Exchange (CME) live and feeder cattle futures continued to consolidate after Friday’s big price rally in the wake of the trade agreement news. […] Read more
Confluence of bullish news sends wheat futures higher
Reading Time: 2 minutes MarketsFarm — A number of factors have come together to underpin North American wheat prices, with more room to the upside after a rally in all three U.S. futures markets to start the week, according to an analyst. Chicago, Kansas City and Minneapolis wheat futures all started the week with double-digit gains. The Chicago and […] Read more
U.S. grains: CBOT corn, soy, wheat rally after trade deal
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Monday, bolstered by hopes for improving export prospects due to increased demand from China and decreased competition from Argentina, traders said. Wheat notched the biggest gains, with the most-active Chicago Board of Trade soft red winter wheat contract surging 3.2 per cent to […] Read more
U.S. livestock: CME cattle, hogs relatively steady on trade deal hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures remained relatively steady on Monday but funds continued to hold their long positions in anticipation of a surge of demand for U.S. meat after the U.S.-China “Phase 1” trade agreement is finalized, traders said. U.S. lean hog futures inched upward, rising for a third session on the same […] Read more
Farmers hit by trade disputes should be helped faster, Trudeau says
Reading Time: 2 minutes Ottawa | Reuters — Canada’s agriculture department should move more quickly to help farmers harmed by protectionist measures imposed by other nations, Prime Minister Justin Trudeau said Friday. Canadian farmers are caught up in a trade and diplomatic dispute between Ottawa and Beijing. In a formal letter of instruction to Agriculture Minister Marie-Claude Bibeau, Trudeau […] Read more
U.S. grains: China trade news provides lift
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a three-week high on Friday after Washington and Beijing announced a “phase one” trade deal, but the market pared gains amid uncertainty about the details of the pact, including the size of any potential Chinese agricultural purchases. As part of the agreement, Beijing committed to buy an […] Read more
U.S. livestock: CME hogs, cattle climb on China trade news
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose on Friday on hopes that a “phase one” trade agreement announced by Washington and Beijing would stimulate Chinese purchases of U.S. pork, but prices pared gains as traders struggled with uncertainty about the specifics. As part of the agreement, Beijing committed to buy an additional $32 […] Read more
A message from April Stewart, Country Guide's Associate Editor
