Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. […] Read more
U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal
Corn, soybeans pare losses as wheat gains
U.S. livestock: Live cattle mostly up with consumption forecast
Chicago lean hogs also up on day
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firmer on Wednesday as wholesale beef prices stabilized after a recent slide and as a monthly government report helped to temper concerns about waning consumption. Gains were capped by eroding beef packer margins, although cattle demand is likely to remain high this week […] Read more
U.S. grains: USDA cuts soy, corn crop outlooks, trims demand
Large Russian wheat supplies temper war worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. harvest forecast and raised imports by top soy buyer China in a monthly report. Soybean price gains were held in check, however, by expectations for large South American crops that […] Read more
ICE weekly outlook: Canola’s wide crush margins supportive
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
U.S. grains: Wheat, corn slip ahead of key crop forecasts
Corn, soy consolidate as U.S. crop data watched
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell back on Tuesday, after jumping to a three-month high a day earlier, as signs of escalation in the war between Russia and Ukraine continued to raise concerns about the viability of Black Sea grain trade in the coming months. Corn futures slipped, and soybeans firmed, as investors […] Read more
U.S. livestock: Live cattle firm as packer margins turn negative
Lean hog futures settle lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday as supplies tighten, with beef packer margins falling into the negative for the first time in years, traders said. Beef packers lost $14.35 per head on Tuesday, compared to earnings of $1.60 a day earlier and $18.40 the week before, according to […] Read more
U.S. grains: Soy, wheat, corn fall as export concerns rise
Low depths on Mississippi hinder export traffic
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell to a 2-1/2 month low on Thursday, under pressure from the ongoing U.S. harvest and signs of weak overseas demand, traders said. Poor export demand also weighed on the corn and wheat markets as investors remained wary of an economic downturn. “The grain and […] Read more
U.S. livestock: Hog futures firm on technical buying
Cattle futures close mostly lower
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for the second day in a row on Thursday, with technical buying supporting prices following the market’s bounce from a 10-month low on Wednesday, traders said. CME December lean hog futures settled up 1.275 cents at 77.775 cents/lb. (all figures US$). Front-month October hogs […] Read more
U.S. livestock: CME hogs up off 10-month low on bargain-buying
Live cattle also up on technical buying
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Wednesday on bargain buying, a day after the benchmark December contract fell to a 10-month low, traders said. CME December lean hog futures settled up 2.075 cents at 76.5 cents/lb. (all figures US$). Front-month October hogs ended up 3.8 cents, at 90.8 […] Read more
CBOT weekly outlook: Tightening stocks underpin U.S. wheat, corn
USDA's soybean data seen as bearish
Reading Time: 2 minutes MarketsFarm — Tighter-than-expected quarterly wheat and corn stocks in last Friday’s report from the U.S. Department of Agriculture provided the biggest influence on the futures markets over the past week, with larger soybean stocks putting some nearby pressure on that market. Corn stocks in the U.S., as of Sept. 1, came in at 1.377 billion […] Read more
A message from April Stewart, Country Guide's Associate Editor
