Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in a month on Thursday after the U.S. Department of Agriculture (USDA) projected farmers would plant the most acres on record to the oilseed this spring while reducing corn acres. Corn futures rose on the acreage outlook, with the Chicago Board of Trade (CBOT) […] Read more
U.S. grains: Soybeans hit one-month low on record acreage view
Chicago corn futures, MGEX wheat up
ICE weekly outlook: Canola in its own world, analyst says
Reading Time: 2 minutes MarketsFarm — To market analyst Wayne Palmer of Exceed Grain, canola “has been in a world of its own for about the last month,” and he expects that will remain the case for some time. Canola, he explained, has generally done the opposite of the Chicago soy complex — which the Canadian oilseed normally follows. […] Read more
U.S. livestock: CME hog futures end lower
USDA inventory data seen supportive
Reading Time: < 1 minute Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange closed lower on Wednesday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s quarterly hog inventory report. However, traders said the government data, released after the close, was supportive for futures. USDA reported the U.S. hog herd as of March 1 […] Read more
U.S. grains: Wheat, corn bounce as Ukraine conflict persists
USDA acres, stocks data awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday along with corn and soybeans on renewed concerns about the Ukraine war that has disrupted grain shipments from the Black Sea region, analysts said. However, trade was muted somewhat as brokers awaited U.S. plantings and quarterly stocks figures due out on Thursday from the U.S. […] Read more
U.S. livestock: CME cattle futures rise as grains fall
Hogs ease ahead of USDA data
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Tuesday with the benchmark June contract hitting a four-week top, led by a surge in feeder cattle futures and optimism about consumer demand for beef, traders said. CME June live cattle settled up 1.7 cents at 138.475 cents/lb. while May feeder […] Read more
U.S. grains: Wheat, corn fall on ceasefire hopes
Chicago May soybeans also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell four per cent and corn fell nearly three per cent on Tuesday as comments by Russia and Ukraine following negotiations in Turkey raised hopes of a ceasefire in a conflict that has disrupted massive grain exports through the Black Sea region. However, trade was volatile, with benchmark […] Read more
Klassen: Feeder market showing strength in deferred positions
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3-$5 lower on average while calves traded steady to $4 lower. Outside central Alberta, the steer-heifer spread appeared to widen by $2-$4. Strength in corn futures contributed to the defensive tone. Feedlot operators buying hand-to-mouth have been caught off guard with the recent jump in feed […] Read more
U.S. livestock: CME lean hogs climb on firm cash
Cattle futures end lower
Reading Time: 2 minutes Chicago | Reuters — Benchmark June lean hog futures on the Chicago Mercantile Exchange rose on Monday, setting a life-of-contract high on firm cash hog prices and expectations of tightening supplies. CME June hogs settled up 0.2 cent at 126.05 cents/lb., paring gains after reaching a contract top of 126.875 cents (all figures US$). The […] Read more
U.S. grains: Crop data awaited as grains fall with other commodities
China COVID-19 cases weigh on markets; grain traders monitor Ukraine news
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Monday as worries over coronavirus cases in China weighed on commodity markets while grain traders also adjusted positions ahead of key U.S. crop reports due later this week. Crude oil dropped sharply as China’s financial hub, Shanghai, launched a lockdown to contain surging […] Read more
U.S. grains: Soybean futures rise on export strength
Corn, wheat also strong
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, wheat and corn futures firmed on Friday, with all three commodities recovering from declines posted during the overnight trading session. The strength in soybeans stemmed from signs that demand for U.S. supplies remains strong even with newly harvested soybeans from South America available on the marketplace. […] Read more
A message from April Stewart, Country Guide's Associate Editor
