Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle futures followed feeders lower. Monday’s cattle declines came after managed funds had bolstered their long holdings in both markets over recent weeks, encouraged by tight […] Read more
U.S. livestock: Feeder cattle drop on profit taking after 10-session rally
U.S. grains: Chicago wheat weakens on firm dollar, but set for weekly rise
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures eased on Friday on profit-taking and dollar strength, according to analysts, while soybeans gained in technical rebound from three days of declines. Corn followed wheat lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1settled down 4-3/4 cents at $5.64-3/4 per bushel, but rose about […] Read more
U.S. grains: Soybeans, wheat and corn fall on profit taking
Reading Time: 2 minutes Chicago | Reuters – Chicago soybean futures slid on Friday on expectations of large U.S. yields and profit taking following a rally earlier in the week sparked by speculators unwinding large short positions, traders said. Wheat and corn futures also dipped as funds sought profits and positioned ahead of two U.S. Department of Agriculture reports that will […] Read more
U.S. grains: Corn, soy futures ease after short-covering wave
Reading Time: < 1 minute Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more
U.S. grains: Soy, corn rise on weather risks, wheat up on short covering
Reading Time: < 1 minute Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more
U.S. grains: CBOT soybeans gain ground as canola tumbles on Chinese import probe
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade soybean futures turned higher on Tuesday, at one point reaching a near four-week high, bolstered by export demand, crop condition concerns and news that China plans to launch an anti-dumping investigation into imports of Canadian canola, traders said. The ICE canola contract for November delivery RSX4 dropped […] Read more
South Dakota, Ohio corn crops found better than 3-year average, tour finds
Reading Time: 2 minutes Corn yield prospects in both Ohio and South Dakota were below last year's findings, but higher than the three-year average, scouts on an annual tour of top U.S. production states found on Monday.
U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate
Reading Time: < 1 minute Chicago | Reuters – Chicago soybeans took a nosedive on Monday to their lowest level since September 2020 as the U.S. Department of Agriculture released data showing a record production forecast for the crop. Meanwhile, corn rose as the government agency saw smaller than expected acreage, and wheat fell on competition from Black Sea crops. The Chicago […] Read more
Bearish Chicago grains/oilseeds in need of a new story
Reading Time: 2 minutes Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
U.S. grains: Corn and soybeans rise on hot, dry weather concerns
Reading Time: 2 minutes Chicago | Reuters – Chicago soybeans and corn strengthened on Thursday as worries about the August weather forecast in the central U.S. took centre stage. Meanwhile, slow demand and cheap Russian exports pressured wheat as a crop tour in North Dakota forecast high spring yields in the United States, according to analysts. Hot, dry weather […] Read more
A message from April Stewart, Country Guide's Associate Editor
