Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures pulled back on Tuesday as the market consolidated after climbing nearly five per cent during the previous session, brokers said. CME December hogs closed 1.475 cents, or 1.7 per cent, lower at 85.575 cents/lb. (all figures US$). Wholesale pork prices were also lower. The U.S. […] Read more
U.S. livestock: CME lean hogs end lower, consolidate after rally
December live cattle futures flat
Fund short position in canola dips to four-month low
Net long increases in CBOT soybeans
Reading Time: < 1 minute MarketsFarm — Speculators were busy covering short positions and putting on some fresh longs in the canola market during the week ended Nov. 1. That lowered the net short position in the ICE Futures canola market to its smallest level since the beginning of July, according to the latest Commitment of Traders (CoT) report compiled […] Read more
U.S. livestock: CME lean hogs rally on bargain buying
Chicago live cattle firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped nearly five per cent on Monday on bargain buying after the benchmark December contract on Friday dipped to its lowest in nearly three weeks, traders said. CME December hogs settled up 4.075 cents at 87.05 cents/lb., surging in early moves after the contract was […] Read more
U.S. grains: Soybeans, corn sag on worries about China demand
Upcoming USDA data in focus
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat […] Read more
U.S. grains: Wheat, corn, soy end higher but below session peaks
Weaker U.S. dollar supportive
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more
U.S. livestock: Cattle, hog futures rise on robust beef, pork demand
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose on Friday, with strong consumer demand for pork and beef pushing prices higher, traders said. Live cattle received a boost from concerns about tight supplies. “The big thing on the cattle is that the beef market seasonally found some really good strength,” said […] Read more
U.S. grains: Soy futures rally on strong exports
Chicago corn, wheat also firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.4 per cent on Thursday as strong export data buoyed hopes that overseas buyers will book more deals in coming weeks. Corn and wheat futures also were firm, with short-covering and technical buying underpinning the market after prices for both commodities dropped near the low end of […] Read more
U.S. livestock: Live cattle futures extend gains
Chicago hog futures weak
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade live cattle contracts rose on Thursday, touching a fresh seven-year high, with tight supplies boosting cash market prices and lending support to futures. Hog futures eased after rising in five of the previous six sessions, but losses were kept in check by signs of good consumer demand. […] Read more
ICE weekly outlook: Canola sees choppy, sideways month-end trade
Wide crush margins remain bullish
Reading Time: < 1 minute MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader said of the sideways activity, […] Read more
U.S. livestock: Cattle, hog futures rise on cash market strength
November feeder cattle also end higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day […] Read more
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