Reading Time: < 1 minute Chicago | Reuters — Chicago soybeans and corn extended gains on Monday to hit multi-month highs as dry and hot weather in South America stoked supply worries. Wheat rose early in the session, bolstered by hopes for greater export demand, but ended the day down on technical trading. Dealers said many market participants were still […] Read more
U.S. grains: Soybeans, corn extend rally
Dry South American weather stokes worries on crops; wheat prices move on technical trading
Prairie cash wheat: Prices booked remarkable upswing in 2021
U.S. wheat futures well up on year
Reading Time: 2 minutes MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
U.S. grains: Corn futures near six-month high
South America weather threats support U.S. soy, corn
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures neared a six-month high and soybean futures topped a four-month high on Thursday on concerns about unfavorable dryness and heat threatening South American crops, analysts said. Rain is not expected to bring much relief to southern Brazil, the world’s top soybean exporter, and Argentina in […] Read more
U.S. livestock: CME hog futures touch four-week high
USDA reports see smaller hog herd, slightly fewer cattle on feed
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures touched a four-week high on Thursday before retreating and may rise further next week because of smaller-than-expected national inventory numbers, analysts said. The U.S. hog herd totaled 74.2 million head on Dec. 1, down four per cent from a year earlier, the U.S. Department of Agriculture said in […] Read more
ICE weekly outlook: Holiday canola trading is anyone’s guess
Reading Time: < 1 minute MarketsFarm — The canola trading week starting Tuesday (Dec. 28) will be a short one and Keith Ferley of RBC Dominion Securities said anything can happen. “I don’t know if we’re going to see that with computer trading. Volumes usually lighten up, but nothing is normal in this COVID world,” he cautioned. Canadian markets, including […] Read more
U.S. grains: Soy, corn futures extend rally
South American weather woes remain 'concerning'
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine […] Read more
U.S. livestock: CME hogs approach four-week high
Cattle futures also rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest prices in about four weeks on Wednesday, while cattle futures also advanced. Futures could come under pressure early on Thursday from monthly U.S. Department of Agriculture data that showed frozen pork supplies on Nov. 30 were down eight per cent from the […] Read more
CBOT weekly outlook: Corn up, but highs may not last
Reading Time: < 1 minute MarketsFarm — Corn, wheat and soybeans were all trading on a positive note at the Chicago Board of Trade (CBOT) just days before the winter holidays. According to Scott Capinegro, a broker for Barrington Commodity Brokers at Lake Barrington, Ill., a greater appetite for risk by investors and inclement weather have both supported the markets. […] Read more
U.S. livestock: CME hogs near one-month high on smaller herd estimates
Live cattle, feeder cattle also up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Tuesday amid expectations the U.S. Department of Agriculture will confirm a smaller pig herd in a report due out on Thursday, analysts said. USDA, in its quarterly Hogs and Pigs report, is expected to show the herd was about 2.9 per cent smaller on […] Read more
U.S. grains: Corn, soybeans hit summertime-level highs
Dryness in Brazil and Argentina in view for soy and corn; investors show renewed appetite for risk, traders say
Reading Time: 2 minutes Chicago | Reuters — Unfavourable dryness in crop-growing areas of South America on Tuesday pushed Chicago Board of Trade corn futures to their highest price since July and soybeans to an August high, analysts said. Wheat futures also rallied. South American weather was in the spotlight amid concerns about dry weather in southern Brazil, the […] Read more
A message from April Stewart, Country Guide's Associate Editor
