Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures weakened on Friday as traders monitored diplomatic talks aimed at resuming shipments of Ukrainian grain stalled since Russia’s invasion, analysts said. Soybean futures also declined as market participants booked profits before the weekend, brokers said. Ukraine was in focus as the United Nations said its aid […] Read more
U.S. grains: Wheat futures sag as traders eye Ukraine export negotiations
Soybeans ease following export-fuelled gains; corn also lower
U.S. livestock: CME live cattle, feeder cattle touch three-week highs
July lean hogs close lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a three-week high in the most-active contract on Friday before ending lower amid pre-weekend profit-taking, analysts said. Feeder cattle futures also exceeded a three-week high, while lean hog futures came under pressure at the CME. Strong demand for cattle from meatpackers and a decline […] Read more
U.S. livestock: CME live cattle firm on strong demand
Lean hogs mixed near unchanged
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange Group live cattle futures firmed on Thursday, supported by steady cash prices across the U.S. Plains, as well as strength in consumer beef demand, despite inflationary forces, analysts said. “The feeling two, three weeks ago was that beef demand wasn’t that good and was going to really start […] Read more
U.S. grains: Wheat firms after earlier slide
Corn struggles to regain; soy firm
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol […] Read more
U.S. livestock: CME hogs firm on summer demand, tight supplies
Lower corn futures support feeder cattle
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures firmed on Wednesday, supported by strong demand that has pushed cash prices higher. “We’re still looking at tighter supplies in front of us,” said Rich Nelson, chief strategist at Allendale Inc. Pork demand firms during the summer, with U.S. grilling holidays such as Father’s […] Read more
U.S. grains: Wheat, corn down on Ukrainian export optimism
Soybeans firm on biofuel talk
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting […] Read more
CBOT weekly outlook: Fund liquidation weighs on grains, oilseeds
Reading Time: < 1 minute MarketsFarm — Soybean, corn and wheat futures in the United States all found themselves under pressure as the calendar flipped from May to June, with both the fundamental and technical signals turning bearish for the grains and oilseeds. “We’ve got a technical thing going on with corn and wheat,” said Rich Feltes of RJ O’Brien […] Read more
U.S. grains: Wheat drops as Russia considers Ukrainian grain exports
Corn, soybeans also down
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell on Tuesday, after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports. Corn was pressured by falling wheat, while profit-taking pulled soybeans off life-of-contract highs to finish lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell […] Read more
U.S. livestock: Hog, cattle futures fall despite strong demand
Markets see 'a risk-off day'
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange Group lean hog futures fell on Tuesday, amid outside pressure from agricultural markets, despite strength from strong slaughter and cash hog prices. “We just had a risk-off day,” said Matthew Wiegand, Risk Management Consultant at FuturesOne. “Cash trade kicked up and is trading above the board.” The CME’s […] Read more
Klassen: Steady demand supports feeder cattle prices
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Weakness in deferred live cattle futures and uncertainty in the feed grain market tempered the upside for all weight categories of replacement cattle. Alberta packers were buying fed cattle on a dressed basis in the range of $288-$290 delivered, steady to $2 lower […] Read more
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