Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday, consolidating below a decade high reached earlier, as traders assessed risks to global supply from the war in Ukraine and a slow start to planting in the U.S. Wheat futures also weakened, with profit-taking pressuring the markets, traders said. The July […] Read more
U.S. grains: Corn pulls back after reaching decade high
Wheat also gives up gains amid profit-taking, traders say
U.S. grains: Corn futures above $8 on supply concerns
Ukraine war continues disrupting Black Sea grain exports
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures topped US$8 a bushel and reached their highest price in nearly a decade on Monday on concerns over unfavourable U.S. weather slowing plantings and the Ukraine war disrupting grain exports. Traders worry chilly weather hampering plantings this spring could potentially contribute to lower yields come […] Read more
U.S. livestock: CME hog futures top two-week high
Chicago cattle futures ease
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied to their highest price in more than two weeks on Monday, while live cattle and feeder cattle futures weakened. Hopes for increased domestic demand from summertime grilling and cookouts helped lift hog futures, analysts said. They added that surging grain and soybean futures raised […] Read more
U.S. livestock: CME cattle futures end lower, hogs higher
Cattle end up off session lows
Reading Time: 2 minutes Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange fell on Thursday as traders booked profits after a three-session climb and ahead of a long holiday weekend, traders said. U.S. markets, including the CME, will be closed for Good Friday. But cattle futures came off their session lows and hog futures […] Read more
U.S. grains: Corn climbs on global supply fears
Wheat down on profit-taking; Argentina trucker strike supports soy, corn
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit life-of-contract highs on Thursday, supported by tightening global grain supplies and an uncertain production outlook as the Russia-Ukraine war continued to rattle markets, analysts said. However, trade was choppy and deferred corn contracts finished lower as traders took profits ahead of a three-day holiday weekend. U.S. markets […] Read more
U.S. livestock: CME cattle follow broad strength in commodities
June lean hog futures down on day
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Wednesday for a third straight session, buoyed by broad strength in commodities along with firming cash cattle prices, traders said. A blizzard crossing the northern Plains lent support, raising concern about stress on cattle in the Dakotas, but the storm was […] Read more
ICE weekly outlook: Canola seen as teetering, likely to tumble
'A lot of emotion and tension' in market
Reading Time: < 1 minute MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more
CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
Reading Time: 2 minutes MarketsFarm — For the most part, grain prices on the Chicago Board of Trade (CBOT) were pretty much unaffected by the U.S. Department of Agriculture’s (USDA) monthly supply and demand estimates released Friday. While wheat prices saw support due to a reduction in global wheat supplies from 2021-22 as well as dry conditions in the […] Read more
U.S. grains: Corn nears 10-year high
Wheat, soy up as Ukraine still in focus
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit their highest in nearly 10 years on Wednesday and wheat touched a three-week top on worries about tightening global grain supplies, the crisis in Ukraine and drought in the U.S. Plains, analysts said. Soybeans bounced, shaking off signs of slowing demand from top global buyer China, while […] Read more
U.S. grains: Corn, wheat climb on Ukraine woes, U.S. biofuel plan
May soybeans also close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures rose on Tuesday on worries about the Russia-Ukraine conflict persisting and disrupting Black Sea grain exports, and optimism about increased demand for biofuels, analysts said. U.S. President Joe Biden will unveil plans to extend the availability of higher biofuel blends of gasoline during the summer […] Read more
A message from April Stewart, Country Guide's Associate Editor
