Reading Time: 2 minutes Reuters — Chicago wheat futures rallied on Thursday, boosted more than three per cent on reports of new tensions in the Black Sea region. Corn futures hit a one-month peak, breaking out of a recent range holding above a key technical level, and soybeans rose modestly despite lacklustre export demand. A Turkish-flagged general cargo ship […] Read more
U.S. grains: Chicago wheat rises on Black Sea tensions
Corn at one-month high; soybeans also up
U.S. livestock: CME hogs rally, export sales in focus
Cattle futures turn lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
U.S. livestock: CME hog futures break losing streak
CME cattle futures close firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed firm on Wednesday, snapping a three session losing streak as traders said that the U.S. government’s most recent bearish supply forecast had been priced into the market. Cattle futures were consolidating after posting sharp declines a day earlier, but both feeders and live cattle […] Read more
U.S. grains: Chicago soybeans firm, risk aversion caps gains
Corn and wheat drop, export data eyed
Reading Time: 2 minutes Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture […] Read more
U.S. grains: Chicago soybeans drop in choppy trade
Wheat futures lifted by surprise purchase from China
Reading Time: 2 minutes Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more
U.S. livestock: CME cattle futures drop on technical selling
U.S. supply outlook drags on hog futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Tuesday, pressured by technical selling and demand concerns, traders said. Hog futures notched their third straight losing session as the government’s bigger-than-expected supply report from last week continued to weigh on the market. The benchmark CME December lean hogs futures contract sank 0.425 cent […] Read more
U.S. grains: Chicago wheat up off three-year low after steep sell-off
CBOT corn rises, soybeans flat as Brazil plantings race forward
Reading Time: 2 minutes Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more
U.S. livestock: CME lean hogs extend selloff on supply view
Cattle futures book gains
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell sharply for the second day in a row, hitting a four-month low as traders adjusted their expectations for prices to reflect the U.S. government’s bigger-than-expected supply view. “We simply don’t need the sow base we currently have or need lower prices to clear the […] Read more
Canada puts temporary ban on France’s poultry, eggs
CFIA move to 'manage the risk' from bird flu vaccination plan
Reading Time: 2 minutes Imports of live birds and unprocessed poultry and eggs from France are barred from Canada effective Sunday (Oct. 1), pending a risk assessment of France’s duck vaccination program for avian flu. The Canadian Food Inspection Agency (CFIA) announced the temporary ban Tuesday, following France’s move to require mandatory vaccination against highly pathogenic avian flu (HPAI) […] Read more
U.S. grains: Chicago wheat hits three-year low
Soybeans, corn drop after U.S. grain data
Reading Time: 2 minutes Reuters — Chicago wheat futures cratered more than six per cent on Friday, hitting a three-year low after U.S. government data pegged wheat production above analysts’ expectations. Soybean futures also closed sharply lower on larger-than-forecast domestic stockpiles, and the drop in both commodities dragged down corn prices. The U.S. Department of Agriculture (USDA) estimated the […] Read more
A message from April Stewart, Country Guide's Associate Editor
