Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more
U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.
U.S. livestock: Hogs rally ahead of USDA report
Reading Time: < 1 minute Chicago lean hog futures rallied on Tuesday ahead of the USDA’s Hogs and Pigs report, due on Thursday. “The report may show a slight increase in total hog population, but analysts are speculating over what other stats may show and mean for futures prices,” the Wall Street Journal reported. The question is if producers expanded […] Read more
U.S. livestock: Cattle futures higher on screwworm news
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said. Analysts believed the news would mean the U.S.-Mexico border will be closed to feeder cattle imports for the foreseeable future. “It’s bullish […] Read more
U.S. grains: Soybeans drop on lack of Chinese demand, wheat hits contract lows
Reading Time: < 1 minute Chicago | Reuters – soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President Xi Jinping provided no signs of progress on negotiations over agricultural exports, analysts said. Wheat fell on expectations of plentiful global supplies. Corn also dipped as dealers awaited the […] Read more
U.S. grains: Soy, corn futures weaken on harvest pressure, firm dollar
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean and corn futures fell on Thursday on seasonal pressure as the harvest expanded in the heart of the Midwest and the dollar firmed, making U.S. grains less competitive globally, analysts said. Uncertainty about biofuel demand weighed on soyoil futures as well. Chicago Board of Trade November soybeans SX25 settled […] Read more
U.S. livestock: Cattle futures higher, though traders uncertain about demand
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rose on Thursday on a tight cattle supply, though industry experts expressed doubt over consumer demand for beef as concerns grew over the U.S. economic outlook. CME December live cattle LCZ25 ended 1.475 cents higher to 234.15 cents per pound. October feeder cattle […] Read more
U.S. grains: Grains off highs with fed in focus, soyoil down more than two per cent
Reading Time: 2 minutes Chicago | Reuters – Chicago corn and soybean futures sagged on Wednesday, retreating from multi-week highs on profit-taking and an uptick in the dollar, while a drop in soyoil futures added pressure, analysts said. Wheat futures followed the lower trend, with forecasts for rains in the southern U.S. Plains adding to bearish sentiment. Chicago Board […] Read more
U.S. livestock: Cattle, hog futures fall
Reading Time: 2 minutes Chicago cattle and hog futures fell for the second day running ahead of Friday’s cattle on feed report. Most-active December live cattle closed at 232.675 cents a pound, down 2.475 cents. October contracts settled at 231.100 cents a pound, down 2.350 cents. Most-traded October feeder cattle futures closed at 349.125 cents per pound, a loss […] Read more
U.S. livestock: Cattle and hog futures slide
Reading Time: 2 minutes Chicago cattle and hog futures slid on Tuesday as economic data showed signs of slowing U.S. household spending. Most-active December live cattle closed at 235.150 cents a pound, down 1.125 cents. October contracts settled at 233.450 cents per pound, down 1.150 cents. Most-traded October feeder cattle futures settled at 354.300 cents a pound, down 0.200 […] Read more
U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade corn futures hit their highest in more than two months on Tuesday, buoyed by a weaker dollar and uncertainty about the size of the U.S. crop, analysts said. Soybeans drew support from optimism about U.S. trade talks with China, the world’s largest soy buyer, given news that […] Read more
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