Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Thursday on profit-taking after this week’s multi-month highs and worries about export demand after China canceled a purchase of U.S. supplies, traders said. Wheat sagged on poor weekly export data and a lack of fresh supportive news while soybean futures posted modest losses after a volatile, […] Read more
U.S. grains: Corn sags on export worries
Soy ends lower after volatile session
ICE weekly outlook: Canola moving back in line with soybeans
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but lagged the Chicago Board of Trade soy complex to the upside as the spreads between the two markets saw some readjustment. “If you had bought 100 tonnes of March canola on Dec. 21 you’d be up about $10 per tonne right […] Read more
CBOT weekly outlook: Soybeans at US$16 possible, trader says
Reading Time: 2 minutes MarketsFarm — Prices for soybeans and corn at the Chicago Board of Trade (CBOT) could push higher in the coming weeks, should South America remain dry, according to Bryan Strommen of Progressive Ag at Fargo, N.D. More and more estimates on soybean production in Brazil have been projecting a much smaller harvest than initially hoped […] Read more
U.S. grains: Soybeans climb on supply worries
Corn sinks as ethanol stocks swell
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to an eight-month peak on Wednesday as reduced South American harvest prospects and improving U.S. export demand lifted the market for a seventh straight session. Corn retreated as spread traders sold contracts and bought soybeans and rising ethanol stocks fuelled concerns about a slowdown in output of […] Read more
U.S. livestock: Cash prices, slaughter pace support CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although traders were watching for any […] Read more
U.S. livestock: CME hog, cattle futures hit contract highs
U.S. storm could drag on livestock transport
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose more than two per cent on Tuesday, with most contract months setting life-of-contract highs on fund-driven buying and worries about a winter storm that could slow the transport of animals at a time of tight U.S. hog supplies, traders said. Benchmark CME April lean […] Read more
Klassen: Feeder market establishes short-term stability
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle traded $2-$4 on either side of unchanged. Steady demand was noted on 800-plus-pound cattle, but calves and lighter weights experienced softer buying interest. Favourable weather and optimal pen conditions along with firmer live cattle futures supported the yearling market. Imports of U.S. corn continue to run 10-14 […] Read more
U.S. grains: Soybeans up as Brazil crop estimates shrink
Corn, wheat futures rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a seven-month high Tuesday on fears that a smaller-than-expected Brazilian harvest will tighten global soy stocks and steer export demand to U.S. supplies, analysts said. Corn futures followed soybeans higher and wheat firmed on bargain-buying after a three per cent dip a day earlier. The grains […] Read more
U.S. livestock: CME cattle end higher on rising slaughter pace
Hogs up in rangebound trade
Reading Time: < 1 minute Chicago | Reuters — Benchmark Chicago Mercantile Exchange live cattle futures hit the highest in nearly a month on Monday, supported by an improving U.S. slaughter pace and signs of a shrinking U.S. cattle herd, traders said. CME April live cattle futures settled 1.425 cents higher at 144.525 cents/lb. after reaching 144.825 cents, the contract’s […] Read more
U.S. grains: Wheat slides on U.S. weather, reduced fears over Ukraine
Corn down, soybeans up
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia and Ukraine, traders said. Corn futures followed wheat down, turning lower in a retreat […] Read more
A message from April Stewart, Country Guide's Associate Editor
