Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures closed higher on Wednesday on strong demand from China and uncertainty over a Black Sea grain export deal as a deadline loomed. Soybeans followed stock and oil markets down after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance, […] Read more
Tag Archives exports
U.S. grains: Chicago wheat, corn up on Chinese demand, Black Sea outlook
Soy dips on sharp fall in stock, oil markets pressure
U.S. livestock: CME cattle set multi-week lows as bank selloff hits Wall Street
April hogs, feeder cattle also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled to multi-week lows on Wednesday as losses in U.S. stocks and fears about a banking crisis spilled into livestock markets, analysts said. The Dow and S+P 500 closed lower as problems at Credit Suisse piled more pressure on the banking sector. Declines in equities hit […] Read more
U.S. grains: Wheat, corn rally from multi-month lows
Ukraine corridor talks eyed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances […] Read more
U.S. livestock: CME cattle, hogs decline amid demand worries
April feeder cattle lowest since March 3
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange livestock markets ended lower again on Tuesday, with cattle and hog futures easing on demand concerns, analysts said. Front-month feeder cattle futures hit their lowest price since March 3, extending a retreat from a 2015 high reached last week. Front-month live cattle, meanwhile, touched a three-low on Monday. […] Read more
U.S. livestock: CME live cattle hit one-month low on profit-taking
Hogs, feeder cattle also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest price in more than a month, while feeder cattle sank below a one-week low on Monday on profit-taking following recent rallies, brokers said. Feeder cattle closed lower for the third consecutive session after the front-month contract touched a 2015 high last […] Read more
U.S. grains: Wheat slightly rebounds; corn, soy dip
Market volatility over banking sector hits grains prices
Reading Time: 2 minutes Chicago | Reuters — Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active corn and soybean contracts closed weaker, while wheat rebounded slightly after finishing last week at a 20-month low. Grains prices gyrated throughout the day as […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Moscow says sanctions have created barriers for its exports
Reading Time: 2 minutes Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials […] Read more
U.S. grains: Wheat, corn get boost off weaker dollar after multi-month lows
Expectations grow for Black Sea deal extension
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. The markets recovered after a week that saw expectations for an extended Black Sea export deal and a lower U.S. government estimate for corn export […] Read more
U.S. livestock: CME feeder cattle retreat as corn prices rise
Live cattle also lower, lean hogs up
Reading Time: 2 minutes Chicago | Reuters — Feeder cattle futures on Friday extended a setback from 2015 highs the front-month contract reached this week, as rising corn prices temporarily dampened expectations for cheaper livestock feed, analysts said. Corn futures ended higher on the Chicago Board of Trade after sliding earlier to a seven-month low. Feed is generally the […] Read more
U.S. grains: Chicago corn dampened by prediction of El Nino rain
Black Sea export deal hopes drag wheat to 18-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures hit their lowest price since August on Thursday on expectations that the El Nino climate phenomenon could boost U.S. crops and concerns about rising interest rates. La Nina has ended, the National Weather Service’s Climate Prediction Center said on Thursday, and El Niño could possibly form during summer […] Read more