Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. “The grains exploded out of the gates last night and remain double-digits higher… as forecasts turn hot and dry through mid-month,” Arlan Suderman, chief commodities economist […] Read more
U.S. grains: Hot, dry weather view sparks rallies
Corn, soybeans, wheats up
Klassen: Feeder market remains firm
Canada's feeder exports down off year-ago levels
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were steady to $2 higher on average. Strength was noted in the mid-weight categories as lighter calves and yearlings (900 pounds-plus) were relatively unchanged. Major feedlots were dominant buyers, with little demand surfacing for grassers. Feeding margins are in positive territory and recent rains have enhance […] Read more
Prairie cash wheat: Bids correct higher
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more
U.S. grains: Corn eases after volatile week
Wheat, soybeans also ease after tracking corn rally
Reading Time: 2 minutes Chicago | Reuters — Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions. Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest […] Read more
U.S. livestock: Lean hogs up on firm demand, tight supplies
Daily cattle slaughter down on week
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Friday as pork demand remained firm and supplies of market-ready hogs stayed low, analysts said. “At some point though, you would think the wholesale price would put a damper on demand, at some point in the summer,” said Doug Houghton technical analyst at […] Read more
U.S. grains: Corn limit-up on export demand, short-covering
Soybeans follow corn higher, wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the […] Read more
U.S. livestock: Live cattle, lean hogs firm on meat demand
Corn prices drag on feeder cattle
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday on firming cash beef and pork prices and strong weekly export sales data from the U.S. Department of Agriculture (USDA). Feeder cattle futures were lower, however, pressured by soaring corn feed prices. USDA data released early on Thursday showed […] Read more
ICE weekly outlook: Swings ahead for canola
Reading Time: < 1 minute MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more
CBOT weekly outlook: Soy, corn watching weather
Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade have moved off of highs hit earlier in May as good planting conditions in the U.S. Midwest weighed on values. “We’re pretty much in a weather market right now,” Scott Capinegro of Barrington Commodity Brokers in Illinois said. He expected solid prices for […] Read more
U.S. livestock: Lean hogs ease on profit-taking
Cash prices, corn values drag on cattle futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Wednesday, as investors took profits after some nearby contracts scaled the highest levels in years during the session on strong cash hog and pork prices. Cash hog prices remained firm while pork values hovered near the highest in almost seven years, […] Read more
A message from April Stewart, Country Guide's Associate Editor
