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CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn falls one per cent, soy drifts lower

May wheat ends up off nine-week low

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about one per cent on Monday on position squaring ahead of crop reports due this week from the U.S. Department of Agriculture (USDA) along with forecasts for generally favourable planting weather in the Midwest, analysts said. Soybean futures also declined while wheat closed higher, rallying on bargain […] Read more
CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans follow veg oils lower

Corn, wheat gain after selloff

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Friday, pressured by declines in soyoil and funds squaring positions ahead of the U.S. Department of Agriculture’s grain stocks and planting intentions reports due March 31, traders said. Corn and wheat rebounded from prior day losses, but failed to end the week higher. The most-active soybean […] Read more
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures notch new highs on tight supply

Cattle futures firm on cash values

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Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange found life-of-contract highs for a second day on Friday after the U.S. Agriculture Department reported tight supplies in its quarterly hogs and pigs report after the close Thursday. CME April lean hogs settled up 1.125 cents at 100.8 cents/lb., after reaching a contract […] Read more
CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat hits three-month low on supply prospects

CBOT soybeans, corn also decline

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to their lowest level of 2021 on Thursday, pressured by improving global production prospects and a firmer dollar, which tends to make U.S. grains less competitive globally, analysts said. Corn and soybean futures also eased, following broad declines in commodities along with position-squaring ahead of key U.S. […] Read more
ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola still finding support

U.S. acreage estimates could sway futures

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, strength in world vegetable oil […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets, Weather

CBOT weekly outlook: Markets move ahead of USDA report

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Reading Time: 2 minutes MarketsFarm — Chicago Board of Trade (CBOT) market participants are awaiting next week’s prospective plantings report from the U.S. Department of Agriculture (USDA), due out March 31. Ahead of the report, average trade estimates predict 93 million acres of corn, 90 million acres of soybeans and 46 million acres of wheat will be planted in […] Read more
CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans extend gains on veg oil rally

Corn rangebound, weather weighs on wheat

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained for a fourth straight session on Wednesday supported by tightness in vegetable oil markets as traders anticipate U.S. planting data next week. Nearby corn futures rose, while deferred contracts representing the 2021 crop softened ahead of the U.S. Department of Agriculture’s March 31 planting intentions and quarterly […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures climb as processing slows

Live cattle steady as beef prices level off

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures continued higher on Wednesday, reaching a 6-1/2 year high as optimism for consumer demand increases against tighter hog supplies. CME April lean hogs closed 1.3 cents higher at 97.775 cents/lb., after notching a life-of-contract high at 97.925 cents, while the most-active June contract added 0.8 […] Read more
CME May 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Feeder market remains volatile

Feed grain values remain firm

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Reading Time: 2 minutes Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more
CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures gain on tight supplies

CME cattle futures firm

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Tuesday, marking the contract’s fifth gain in six days, pushed higher by increased demand for pork as restaurants reopen, while supplies remain low. “You have some supply-side influence on why the market is this good,” said Brad Kooima, commodity broker at Kooima Kooima […] Read more

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