Reading Time: < 1 minute Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract […] Read more
U.S. livestock: Technical selling extends setback in CME lean hogs
Live cattle futures generally sideways
U.S. grains: Corn futures touch 2020 low on improved crop ratings
U.S. soybean crushings set record in July
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures tumbled on Tuesday to their lowest level since 2020 after a weekly report from the U.S. government showed better-than-expected crop conditions. Soybean futures also slid on improved U.S. crop ratings, while wheat reached its lowest level in more than two months. A risk-averse sentiment across […] Read more
U.S. livestock: CME lean hogs down on technical selling
Cattle futures also lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest level in six weeks on Monday on technical selling and ample U.S. supplies, brokers said. The market has pulled back after rising on Aug. 1 to its highest price since March. “Hogs are doing what they do — trying to find […] Read more
U.S. grains: Wheat down as traders shrug off Russian warning shots
CBOT soybeans close higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures set a two-month low on Monday on increasing estimates for Russia’s production and exports, analysts said, shrugging off a Russian warship firing warning shots at a cargo ship on its way to Ukraine. Corn futures finished near unchanged after matching a recent low from 2021, […] Read more
U.S. grains: Soybean, grains futures drop as traders shed risk
Corn, soy harvests set to be smaller than expected
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and grain futures turned lower on Friday as improving growing weather led investors to anticipate that U.S. Midwest crop conditions will improve, traders said. Corn and soybean futures had a particularly choppy trading session as a flurry of bearish signs prompted investors to shed risks at the end of […] Read more
U.S. livestock: Cattle futures fall as packers’ profit margins in red
Lean hog futures show gains
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies kept a floor under the […] Read more
U.S. grains: Corn, wheat firm ahead of USDA report
CBOT soybeans end mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and wheat futures firmed on Thursday, with traders unwinding bearish bets ahead of a key U.S. government report on supply and demand on Friday. The soybean market was mixed, with thinly traded old-crop contracts easing and new-crop contracts firming as investors adjusted positions ahead of the […] Read more
U.S. livestock: CME cattle firm, hogs mixed
Cattle supply outlook overrides demand concerns
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Thursday, buoyed by a round of technical support as the market remained near last week’s highs. Feeder cattle contracts also posted gains, while lean hog futures were mixed Traders said that tight supplies underpinned cattle futures prices despite demand concerns. CME August live […] Read more
U.S. livestock: Cattle up on U.S. supply worries
CME lean hog futures sag
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Wednesday as tight U.S. supplies continued to support the market, analysts said. Feeder cattle futures also advanced, while lean hog futures declined. The live cattle market is largely trading sideways in the most-active contract this week after finishing with strong gains on Friday, […] Read more
CBOT weekly outlook: Few changes expected in coming U.S. reports
Trade's expectations already factored into prices
Reading Time: 2 minutes MarketsFarm — Soybeans may see significant changes in new-crop carryout numbers when the U.S. Department of Agriculture (USDA) releases several key reports Friday, but corn and wheat estimates will likely stay put for the most part, according to one analyst. USDA releases both its crop production report and its monthly world agricultural supply/demand estimates (WASDE) […] Read more
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