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CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures gain

Medium-, long-term supplies tighten

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Reading Time: 2 minutes Chicago | Reuters — CME feeder cattle futures firmed on Friday, bolstered by lower corn and wheat markets that may translate into eased feed costs, traders said. CME live cattle also gained and are expected to firm next week as the trade digests the U.S. Department of Agriculture’s monthly cattle on feed report released after […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans lower on the week

Traders look at long-term weather; wheat flat

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures slipped on Friday, pressured by extended forecasts calling for cooler weather into August, though hot, dry weather in the coming week across the U.S. Midwest underpinned prices. Wheat ended lower as concerns over unfavorable weather in key exporting countries countered pressure from corn and soybeans. The […] Read more
CBOT September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: CBOT wheat snaps winning streak

Chicago corn, soybeans also fall

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 2.6 per cent on Thursday, snapping a six-session streak of gains as traders locked in profits from the rally. Soybean futures were down two per cent, with the latest weather forecasts showing that some timely rains will arrive in key growing […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up on export demand

CME lean hog futures mixed

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Reading Time: < 1 minute Chicago | Reuters — CME cattle futures firmed on Thursday, supported by strong export demand for U.S. supplies, traders said. Hog futures were narrowly mixed, with the nearby contract firm on good weekly exports while deferreds eased on technical selling. CME August lean hog futures gained 0.075 cents to 106.65 cents/lb., while most-active October dipped […] Read more
CME October 2021 live cattle (candlesticks) with October 2021 lean hogs (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog contracts end firm

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Reading Time: < 1 minute Chicago | Reuters — CME cattle and hog futures rose on Wednesday, supported by concerns about near-term supplies, traders said. Analysts were expecting a U.S. Agriculture Department report on Friday to show that the number of cattle on feed as of July 1 was 99 per cent of the year-earlier amount. Placements during June were […] Read more
CBOT September 2021 wheat (candlesticks) with MGEX and K.C. September 2021 wheat (dark greeen and orange O/H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Winter wheat futures up sixth straight day

MGEX spring wheat falls

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Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures rose for the sixth day in a row on Wednesday as adverse weather in key exporting countries raised supply concerns, traders said. Corn futures were steady to firm, with the front-month contract ending flat while new-crop offerings rose on support from dry soils that threatened to hamper […] Read more
CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and K.C. September 2021 wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat climbs on deteriorating crop conditions

Corn rises as U.S. crop rating misses consensus

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit U.S. spring wheat. Chicago corn gained, as a lower-than-expected weekly crop rating focused attention back to dry conditions in parts of the Midwest. Soybeans rebounded after being pressured by falling crude oil prices […] Read more
CME October lean hogs (candlesticks) with 20-day moving average (pink line), CME lean hog index (black line), CME August 2021 lean hogs (brown O/H/L/C) and CME October 2021 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on strong pork demand

October live cattle follow beef prices lower

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more
CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle firm on tighter supplies

October hogs down on supply expectations

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures climbed on Monday, as supplies tightened in the northern U.S. Plains, traders said. “You’ve got a lot of empty yards,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “We don’t have a lot of large supplies, large runs. You’re going to have to […] Read more
CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and MGEX and K.C. September 2021 wheats (green and orange lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat climbs as drought persists

Soybeans ease on pressure from broader commodity markets

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Monday, climbing to a 2-1/2- month high, supported by dry weather in parts of U.S., Canadian and Russian growing areas that raises global supply worries. Soybeans eased after last week’s gains, pressured by broader losses in outside markets, though weather uncertainty underpins the oilseed. Chicago Board […] Read more

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