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CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures extend gains

Chicago hog futures weak

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Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures rise on cash market strength

November feeder cattle also end higher

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Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day […] Read more
File photo of the Hernando de Soto Bridge as viewed from the Mud Island River Park at Memphis. (Akrassel/iStock/Getty Images)
Crops, Markets, Weather

CBOT weekly outlook: Ukraine talks, low Mississippi River pressure prices

Outside forces pile on seasonal harvest pressures

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Reading Time: 2 minutes MarketsFarm — Ongoing harvests for corn, wheat and soybeans in the U.S. and a strong U.S. greenback are putting pressure on markets in the Chicago Board of Trade (CBOT). However, other factors have caused prices to come down during the week ended Tuesday. While the war in Ukraine continues to rage on, negotiations persist between […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat weak on export concerns

Chicago November soybeans end firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday as weak demand on the export market weighed on prices. Soybeans ended in positive territory, but concerns that global purchasers will shift their demand for soybeans to South American suppliers as soon as possible kept the gains in check. “You can at least […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets, Poultry/Eggs

Pork packer Olymel laying off dozens of managers

Market unpredictability, 'growth challenges' cited

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Reading Time: 2 minutes Major Canadian pork and poultry packer Olymel has laid off 57 people from its management ranks and eliminated another 120 administrative positions, citing the company’s current “market context and growth challenges.” Olymel, the meat packing arm of Quebec-based Sollio Cooperative Group, said Tuesday its affected employees were notified Monday and have received their layoff notices. […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, soybeans, corn fall on demand concerns

CBOT December wheat touches four-week low

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Tuesday on concerns that overseas buyers will turn to alternative supplies to meet their import needs, traders said. “Consistently high prices are slowly doing their job of eroding demand across the board, with Brazil in particular among a group of global players that […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (black line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, soybean futures end firm

Chicago December corn weakens

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures ended slightly higher on Monday but closed well off their session peaks as traders monitored developments in efforts to keep a Black Sea shipping lane open for Ukraine grain exports. Corn futures sank on seasonal harvest pressure while soybeans firmed on bullish export data, traders said. Wheat surged […] Read more
A combine unloads wheat on the outskirts of Ahmedabad in western India on March 16, 2022. (Photo: Reuters/Amit Dave)
Crops, Markets, Reuters, Spring Wheat

India allows exports of wheat flour processed from imported grain

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Reading Time: < 1 minute New Delhi | Reuters — India has allowed export-oriented units and the firms set up in special economic zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. India will allow food processors to import duty-free wheat against […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (dark green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal

Corn, soybeans pare losses as wheat gains

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: October USDA report delivers few major changes

Soy could see 'a few more days' higher

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Reading Time: 2 minutes MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market […] Read more

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