Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more
U.S. grains: Soybeans, corn slide on Midwest weather forecasts
Wheat tumbles after rally, poised for weekly gain
U.S. livestock: CME live cattle, hogs slip on demand concerns
Inflation on U.S. retail meat a worry
Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle and hog futures slumped on Friday, as investors worried about the prospect of food inflation weighing heavy on U.S. consumer meat demand as the summer grilling season gets underway, analysts said. Benchmark June lean hogs settled the day down 2.975 cents, to 104.1 cents/lb. (all figures US$). […] Read more
U.S. livestock: CME lean hogs climb, demand uncertainty remains
Chicago cattle futures lower
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures firmed for a second session on Thursday, supported by bargain buying, though demand concerns capped gains, analysts said. “We’ve got conflicting fundamentals. Seasonally, hog supplies should continue to tighten into mid-summer. But right now there’s a lot of demand worry,” said Doug Houghton, technical analyst at Brock […] Read more
U.S. grains: Chicago wheat climbs on new global supply concerns
Corn pressured by hopes of planting progress
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more
ICE weekly outlook: Jittery spring market for canola
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more
U.S. grains: Chicago wheat jumps on India export concerns
Soy follows, corn mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures soared on Wednesday on reports that India, a major world producer, would restrict exports as a drought threatened its production even as the nation had hoped to fill a global export gap created by ongoing war in Ukraine. Soybean futures also gained, while corn traded near even, awaiting […] Read more
U.S. livestock: CME live cattle ease
Cash prices maintain against lower futures
Reading Time: 2 minutes Chicago | Reuters — CME Group live cattle futures eased on Wednesday, pressured as processors pull market-ready cattle forward heading into the late spring, analysts said. June live cattle futures are discounted versus the cash market, creating an incentive to sell before cash falls. “We’re going to start narrowing up cash and the June board,” […] Read more
U.S. grains: Corn eases despite slow U.S. plantings
Soybeans, wheat fall but remain above multi-week lows
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell on Tuesday after initial gains, pressured by demand uncertainty despite adverse weather delays to U.S. planting progress, analysts said. Recent rainfall also pressured wheat, despite declining crop conditions, while soybeans moved lower on expectations of increased plantings if corn seedings continue to falter. The most-active corn contract […] Read more
U.S. livestock: CME lean hogs drop to January lows
Lower grain values continue to lift cattle
Reading Time: 2 minutes Chicago | Reuters — CME lean hog futures on Tuesday dropped to their lowest prices since January on technical selling and concerns about risks to demand for U.S. meat, brokers said. U.S. pork exports to China have tumbled this year as Chinese producers rebuild their herds after outbreaks of the pig disease African swine fever. […] Read more
U.S. livestock: Feeder cattle futures firm on weaker corn
China's COVID lockdowns pressure CME hogs
Reading Time: < 1 minute Chicago | Reuters — CME live and feeder cattle futures firmed on Monday, supported by lower corn futures, an input cost to feeder cattle, analysts said. “The big driver there was just lower corn,” said Josh Steinhilber, broker at Cattlehedgers.com. “We got spillover into the live cattle.” CME August feeder cattle added 5.8 cents, to […] Read more
A message from April Stewart, Country Guide's Associate Editor
