Reading Time: 2 minutes Chicago Board of Trade soybean futures inched down on Wednesday, retreating after rallying to the highest levels since August, as improved Brazilian weather outlooks bolstered supply prospects and overshadowed demand from record U.S. soybean crushings last month.
U.S. grains: Soy ends down on forecasts for rain in Brazil; corn, wheat dip
Brazilian weather outweighed support from data showing record U.S. soybean crush
U.S. livestock: Short-covering boosts CME cattle after recent decline
The U.S. hog market traded sideways on Tuesday
Reading Time: < 1 minute Chicago | Reuters — Short-covering lifted Chicago Mercantile Exchange live cattle and feeder futures on Tuesday, analysts said, extending a recovery from springtime lows reached last week. The markets were due to rise after recent fund liquidation and technical selling left the market oversold, analysts said. “The main thing is some short-covering here,” said Austin […] Read more
U.S. grains: Soybeans hit August high, soymeal climbs on strong demand
U.S. soy crush likely set record monthly high in October
Reading Time: 2 minutes U.S. soybean futures jumped to their highest price since August on Tuesday on concerns about unfavorable crop weather in top supplier Brazil, analysts said. A rally to contract highs in soymeal futures helped lift the soybean market.
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
U.S. livestock: CME cattle up off last week’s sell-off
Lean hog futures also turn higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle and feeder futures advanced on Monday in a rebound from recent declines to multi-month lows. Short-covering helped boost the markets, as losses driven by fund liquidation and technical selling last week were overdone, brokers said. The U.S. beef industry still faces tight supplies of cattle, after […] Read more
U.S. grains: Chicago corn slumps on forecast for record-large crop
Crude oil recovery lends some support to grains
Reading Time: < 1 minute Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
U.S. livestock: CME live cattle mixed, feeder cattle firm
Lean hogs up with pork cutout
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures ended the week mixed on Friday, as traders and analysts said technical and algorithmic trading sent contract prices whipsawing during the session. Feeder cattle futures firmed as Chicago corn futures posted a third straight weekly decline, as grain markets continued to react to a […] Read more
U.S. livestock: Cattle sell-off sends nearby contracts plunging
CME hogs mixed in choppy trade
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures fell sharply on Thursday, amid fund liquidation, growing concern over consumer demand and signs of prices falling in the cash market. Traders and funds scrambled to shed some of their long positions, after betting the bull market in cattle futures would continue well into the […] Read more
U.S. grains: Chicago grain, soy futures drop after USDA forecasts
China buys over one million tonnes of U.S. soy
Reading Time: 2 minutes Chicago | Reuters — The Chicago Board of Trade’s most-active corn futures plunged sharply on Thursday after the government reported that U.S. farmers will produce the biggest-ever corn crop this year. The report’s forecast topped trade estimates. The most-active CBOT corn contract at one point dipped to $4.66-1/2, the lowest price since Dec. 30, 2020, […] Read more
Feed weekly outlook: U.S. corn moving into Canadian feedlots
Canada's feed grain exports down on year
Reading Time: < 1 minute MarketsFarm — The steady flow of corn from the United States into Canadian feedlots should keep prices for domestic feed grains under pressure for the foreseeable future. Canada imported 91,100 tonnes of corn from the U.S. during the week ended Nov. 2, taking the marketing-year-to-date total to 221,700 tonnes, according to the latest U.S. Department […] Read more
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