Reading Time: 2 minutes Chicago | Reuters –– U.S. livestock futures fell on Tuesday as hogs retreated from a two-month high reached a day earlier. December lean hog futures sank 2.675 cents to 69.925 cents/lb. at the Chicago Mercantile Exchange (all figures US$). The setback came after the contract reached its highest price since July 31 on Monday amid […] Read more
U.S. livestock: Hogs retreat from Monday’s two-month high
U.S. grains: Soy, corn rally on smaller-than-expected stockpiles
Reading Time: 2 minutes Chicago | Reuters — China bought more U.S. soybeans on Monday as the U.S. Department of Agriculture reported crop stockpiles were smaller than traders expected, sending futures prices to nine-week highs. Corn futures set an eight-week high after the USDA report also showed tighter-than-expected inventories of the yellow grain. Farmers welcomed the rallies after crop […] Read more
U.S. livestock: Hogs up on technical buying, demand hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures touched a two-month high on Monday on technical buying and hopes for more export sales to China, brokers said. Traders are waiting for confirmation of Chinese buying as the Asian nation is struggling with an outbreak of African swine fever, a fatal pig disease that has decimated its […] Read more
U.S. livestock: Cattle trade bullish on potential exports to Japan
Reading Time: 2 minutes Chicago | Reuters — U.S. live and feeder cattle futures on Friday surged to their highest prices seen in nearly a month, as the cash market began to firm and traders grew more bullish about export demands after the U.S. and Japan signed a limited trade deal this week. The first-phase deal would open up […] Read more
U.S. grains: Corn, soybean futures ease
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade (CBOT) corn and soybean futures closed lower on Friday, as weather forecasts showed fewer yield risks to Midwest crops ahead of harvesting, as traders jockeyed for positioning ahead of a U.S. grain stocks report slated for Monday, traders said. Meanwhile, CBOT wheat futures extended a technical bounce […] Read more
U.S. grains: Soy futures end near unchanged
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures finished near unchanged on Thursday after initially rising on hopes for further Chinese purchases, traders said. China, the world’s largest soybean importer, will buy about six million tonnes of soy from the United States before trade talks in early October, said a chief analyst at Shanghai JC Intelligence […] Read more
Cargill’s quarterly profit up on beef, egg demand
Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more
U.S. livestock: Hog futures fall on big U.S. supply
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures retreated on Thursday under pressure from large supplies and as some traders were disappointed with the size of pork export sales confirmed to China, analysts said. The U.S. Department of Agriculture reported that the world’s biggest pork consumer and hog producer bought 3,375 tonnes of pork from Sept. […] Read more
U.S. livestock: Hogs top one-week high on talk of Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures climbed to their highest prices in more than a week on Wednesday on talk about Chinese buying, traders said. U.S. President Donald Trump said the Chinese were making big agricultural purchases from the United States, including of beef and pork, and that a deal to end a nearly […] Read more
ICE weekly outlook: Canola values stay rangebound
Reading Time: < 1 minute MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
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