Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended down about one per cent on Wednesday on macroeconomic worries as the dollar bounced and brokers awaited more information on the size of the U.S. harvest, analysts said. Wheat futures closed lower after a choppy session but corn eked out a higher close as traders awaited fresh […] Read more
U.S. grains: Soy sags on recession fears, firm dollar
Corn inches higher, wheat down on day
ICE weekly outlook: Rising canola prices hit a one-day thud
"There's a day where we need to take a pause"
Reading Time: 2 minutes MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
U.S. livestock: CME lean hogs, live cattle retreat on technical selling
Funds net long in hogs, cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange benchmark December lean hog futures fell about four per cent on Tuesday, hitting a 10-month low on technical selling and worries about consumer demand for meat, traders said. Brokers shrugged off strength in outside markets including crude oil and Wall Street equity markets, which firmed as fears eased […] Read more
U.S. grains: Corn, soy rise on broad commodities strength
Chicago December wheat dips
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The […] Read more
U.S. grains: CBOT wheat retreats after nearing three-month high
USDA reported lower-than-expected corn stocks Friday; soy harvest progress exceeds expectations
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said. The setback in wheat futures came after a reduced official estimate of the U.S. harvest and heightened tensions in the Ukraine war put renewed attention on global […] Read more
U.S. livestock: CME cattle, hogs up on technical buying, short-covering
Recession worries still loom large
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and lean hog futures strengthened on Monday on technical buying and short covering, after recent selloffs were overdone, brokers said. Concerns about the risks for a global recession, which could reduce demand for beef, continued to hang over livestock markets, brokers said. Wall Street […] Read more
U.S. grains: Wheat soars on new data, Russia’s annexation move
Corn climbs on smaller stocks; soybeans dip after bigger-than-expected stocks
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat spiked on Friday, supported by a drastic cut to U.S. production estimates by the Agriculture Department, and Russia’s annexation of parts of Ukraine followed by increased U.S. sanctions. Corn climbed on smaller-than-expected U.S. stockpiles, while soybeans sank after USDA noted increased stores of the oilseed. The most-active wheat contract […] Read more
U.S. livestock: CME live cattle lower, underpinned by tight supply
October lean hogs also lower
Reading Time: < 1 minute Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange eased on Friday, pressured by softening cash trade across the U.S. Plains, though markets remain supported by tightening supplies as producers continue to liquidate their herds, analysts said. “Our short-term supply issues are still front and centre. We’re running two-three per cent […] Read more
U.S. grains: Soybeans firm on exports, mixed harvest results
CBOT wheat eases after earlier gains; Russia's annexation plans in focus
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
U.S. livestock: CME December hogs ease
U.S. hog herd shrinks; cattle futures firm
Reading Time: 2 minutes Chicago | Reuters — Benchmark December lean hog futures on the Chicago Mercantile Exchange eased on Thursday ahead of the U.S. Agriculture Department’s quarterly hog and pigs report, released after the market closed. CME October hogs firmed 0.75 cent at 89.45 cents/lb., but most-active December hogs fell 0.1 cent to 75.725 cents/lb. (all figures US$). […] Read more
A message from April Stewart, Country Guide's Associate Editor
