Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange firmed on Thursday, erasing the week’s earlier losses as smaller supplies of market-ready hogs offset seasonal pressure. “Fundamentally, we know we’re fairly tight on supplies. We’re not getting expansion,” said Alan Brugler, president of Brugler Marketing. The CME February lean hogs contract added […] Read more
U.S. livestock: CME lean hogs firm with supplies in focus
Feeder cattle up on supply expectations
ICE weekly outlook: Canola still rangebound but upside possible
Crush margins expected to stay high for now
Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more
CBOT weekly outlook: Circumstances could mess with usual holiday lull
Reading Time: 2 minutes MarketsFarm — Usually at this time of year, the Chicago Board of Trade (CBOT) slips into its holiday lull, with most trading sticking to a sideways range, Scott Capinegro of Barrington Commodities said, suggesting that could change. “With such geo-political stuff going on and a possible railroad strike [in the United States], it kind of […] Read more
U.S. livestock: CME live cattle firm on strong cash trade
Hogs firm after five days' decline
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday, supported by strong cash markets and a steady pace of processing. “Even though there’s a seasonal pullback for the next couple of weeks, it doesn’t look like cash wants to break,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more
U.S. grains: Wheat rises on short-covering, China optimism
Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down
Reading Time: 2 minutes Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions […] Read more
U.S. livestock: February hogs fall on high supply, export demand concerns
Cattle futures up but seasonal pressures await
Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange eased for a fifth consecutive session on Tuesday, pressured by a combination added seasonal supply and deflated demand as China faces protests over COVID-19 lockdowns. “This three-week period, we’re pushing a large supply of hogs through the system,” said Rich Nelson, chief strategist […] Read more
U.S. grains: Wheat inches higher on hopes China will ease COVID-19 measures
Corn slips on export demand concerns
Reading Time: 2 minutes Winnipeg | Reuters — Chicago wheat finished slightly higher on Tuesday after the previous day’s three-month low, as investors saw hope that China would ease measures to counter COVID-19 infections after rare protests in the country unsettled markets a day earlier. Soybeans also gained on optimism about China, but corn dipped over concerns about export […] Read more
U.S. livestock: CME lean hog futures tumble on China demand worries
Cattle futures lower despite bullish fundamentals
Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell more than four per cent on Monday, pressured by worries about Chinese demand for U.S. pork and expectations of a seasonal slide in wholesale ham prices, traders said. The CME February lean hogs contract settled down 3.75 cents at 84.75 cents/lb. after […] Read more
U.S. grains: Wheat tumbles to three-month low in broad sell-off
Soybeans rise on export sales, renewable fuel talk
Reading Time: 2 minutes Winnipeg | Reuters — Chicago wheat fell on Monday to a three-month low, as commodity and equity markets dropped on concern about the impact of rare protests in China against its strict anti-COVID-19 policy. Cheap supplies from Russia and elsewhere in the Black Sea are adding competition for U.S. wheat, and prices have slipped to […] Read more
U.S. grains: Corn futures turn higher
CBOT wheat hits months-low on competition from Russian wheat
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn futures ended higher on Friday as the market continues to closely watch the weather in South America, on what turned into a relatively choppy and short trading day, analysts said. Meanwhile, wheat futures fell sharply — with the December contract hitting its lowest since Aug. 22 […] Read more
A message from April Stewart, Country Guide's Associate Editor
