Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rebounded on Wednesday from four sessions of declines in a technical and fund-buying bounce fueled by rising crude oil and equities markets, more than offsetting seasonal pressure from an accelerating U.S. harvest. Soybean and wheat futures also advanced as global economic jitters eased and the dollar weakened. The […] Read more
U.S. grains: Corn, soy jump despite rising harvest as oil, equities gain
Accelerating harvest amid dry U.S. forecast caps gains
CBOT weekly outlook: Harvest moving markets sideways
Reading Time: 2 minutes Updated, Sept. 22 — MarketsFarm — Harvesting continues to progress in both Canada and the United States, resulting in quiet activity at the Chicago Board of Trade (CBOT). “Right now during harvest, the corn, wheat and beans are all stuck in a narrow range,” said Ryan Ettner, trader for Allendale Inc. at McHenry, Ill. “For […] Read more
U.S. grains: Corn eases as harvest progresses
Soybeans climb after reaching three-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago corn eased for a fourth session on Tuesday as harvest progressed in the U.S., pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment. Wheat tracked corn lower on outside market pressure, while soybeans firmed after a near three-month low on Monday. The most-active corn contract on […] Read more
U.S. livestock: CME live cattle follow packer demand down
Lean hog futures also lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased on negotiated contracts to meet […] Read more
Klassen: Finishing feedlot demand drives yearlings higher
Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded $2 lower to as much as $5 higher. Strength was once again noted in southern Alberta where heavier yearlings recorded a fresh 52-week high. Calves were relatively unchanged from week-ago levels. Larger groups of quality weaned genetics traded as much $5 above average values. Feather-lite bawlers under […] Read more
U.S. livestock: CME live cattle end mixed, hogs lower
Futures under pressure as equity markets slump
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are […] Read more
U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil
Favourable weather boosting U.S. corn, soy harvests
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week […] Read more
Prairie cash wheat: Prices rise as worldwide stocks fall
U.S. December wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts […] Read more
U.S. grains: Soy, wheat, corn consolidate after earlier gains
Wheat ends week nearly three per cent higher
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans, corn and wheat eased on Friday as the markets consolidated after earlier gains, pressured by a continuing U.S. harvest and limited exports at hurricane-damaged U.S. Gulf export terminals. The most-active soybean futures on the Chicago Board of Trade fell 12 cents to $12.84 a bushel, ending the week down […] Read more
U.S. livestock: CME hogs extend gains in recovery from slide
Cattle futures follow boxed beef lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from […] Read more
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