Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and grain futures firmed on Wednesday in a short-covering rebound from prior session losses and as investors took positions ahead of a monthly U.S. Department of Agriculture (USDA) supply and demand report on Thursday. Wheat, which hit a two-month low this week, posted the strongest advance, while improving crop […] Read more
U.S. grains: Futures rebound on short covering, pre-report positioning
Wheat bounces from two-month low
U.S. livestock: Short covering, bargain buying lift cattle, hog futures
Meat prices, cash values temper gains
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures firmed on Wednesday in a short-covering and bargain-buying bounce following four straight losing sessions that had dragged prices to 2-1/2-week lows. Lean hog futures also firmed on short covering and bargain buying, though livestock traders remained generally cautious as they monitor broadening coronavirus restrictions and pandemic relief […] Read more
U.S. livestock: Live cattle futures follow cash prices, beef values lower
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell for a fourth straight session on Tuesday as cash cattle traded lower at southern U.S. Plains feedlot markets and as wholesale beef prices continued a steep seasonal slide. Declines, however, were limited by bargain buying as some traders viewed the recent drop in cattle prices as […] Read more
U.S. grains: Soybeans sink on South American rains, slowing demand
Wheat pressured by bumper crops in Australia, Canada
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices […] Read more
Klassen: Feeder market takes direction from live cattle futures
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $4 lower; midweight calves traded $3 lower to $3 higher and calves under 550 lbs. were relatively unchanged. Yearling supplies are limited at this time of year but demand is also hard to find. These cattle will come on the fed market during the […] Read more
Fund net long in canola steady, despite liquidation in U.S.
Reading Time: < 1 minute MarketsFarm — The large net long position fund traders are holding in canola futures held relatively steady during the week ended Tuesday, despite long liquidation in U.S. grains and oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders on Tuesday were holding […] Read more
U.S. grains: Wheat posts weekly dip as supply worries ease
Corn, soy futures also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than one per cent on Friday and recorded a weekly loss as expectations for bumper wheat harvests in Australia and Canada tempered fears of tightening global supplies. Corn and soybean futures declined on forecasts for beneficial rains in northern and central Brazil, although worries about dry […] Read more
U.S. livestock: Live cattle futures step back on demand uncertainty
Lean hogs down with pork production up
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures fell on Friday as a third day of softer wholesale beef prices brought retailer demand into question, traders said. “Wholesale beef prices appear to have topped again and could head lower into the holidays, other than some late buying by retailers last minute,” said Doug Houghton, technical analyst […] Read more
U.S. livestock: Cattle futures step back on demand uncertainty
February lean hog futures lower
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures trimmed on Thursday as fears of additional pandemic closures weighed on the demand outlook, traders said. Chicago Mercantile Exchange February live cattle futures fell 1.35 cents to 112.575 cents/lb., the contract’s biggest decline in two weeks (all figures US$). CME January feeder cattle ended two cents lower at […] Read more
U.S. grains: Soybeans up one per cent as soyoil climbs
Corn up; wheat declines on global supply outlooks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more
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