Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices traded $3-$4 on either side of unchanged. Small groups of various quality characterized sale volumes. There were a few packages of backgrounded yearlings that sold at decent levels. Finishing feedlots were fairly aggressive on groups in the 700- to 800-lb. category. Higher flesh levels have become […] Read more
Klassen: Feeder market stabilizes after December surge
U.S. livestock: CME cattle, hog futures sag as broad selling hits markets
Crude, U.S. equities caught in sell-off
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Monday as traders reduced risk in the face of rising coronavirus cases, brokers said. Selling hit a range of markets including crude oil, which lost more than three per cent, and U.S. stocks. “The risk-off trade is back today,” said Dan Norcini, an independent […] Read more
U.S. grains: Winter wheat futures rise on demand, crop woes
CBOT soybeans up, corn down
Reading Time: 2 minutes Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that […] Read more
U.S. livestock: Hog futures end mixed ahead of USDA data
Chicago cattle close lower, rangebound
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed mixed on Friday, with the front February contract gaining against deferred months as traders squared positions ahead of a quarterly U.S. government hog report due next week, traders said. Most-active February hog futures settled up 0.45 cent at 80.8 cents/lb., while April hogs ended […] Read more
U.S. grains: Soy, corn set multi-month highs
South American crop uncertainty, chart-based buying are factors
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Friday, hitting a 2-1/2 month top on worries about South American crop weather coupled with chart-based buying, traders said. Corn futures set a four-month high near $6 a bushel and wheat followed the firm trend (all figures US$). Chicago Board of Trade January soybeans settled […] Read more
U.S. grains: Soybeans hit three-week top as soyoil climbs
Wheat, corn futures end higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a three-week top on Thursday as soyoil futures rose two per cent and hit their highest in a week on signs of tightening U.S. vegetable oil supplies and fresh export demand, traders said. Wheat futures rose by nearly two per cent, bouncing back from a four per […] Read more
U.S. livestock: Hog futures up in thin trade
February live cattle up on bargain buying
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose in thin trade on Thursday to halt a three-session slide, buoyed by firming cash hog markets and higher wholesale pork prices, analysts said. Most-active February hog futures settled up 1.025 cents at 80.35 cents/lb. (all figures US$). Trading volume for all months was estimated […] Read more
ICE weekly outlook: Canola futures bend under pressure
Reading Time: < 1 minute MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
CBOT weekly outlook: Soybeans, corn enter holiday mode
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade are expected to hold relatively rangebound over the next few weeks, although year-end positioning and thinner holiday volumes could lead to some volatility. General unwinding of spreads and fund profit-taking were weighing on prices in mid-December, Sean Lusk of Walsh Trading in Chicago […] Read more
U.S. grains: CBOT wheat nears two-month low
Corn declines; soy ends firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly […] Read more
A message from April Stewart, Country Guide's Associate Editor
