Reading Time: 2 minutes MarketsFarm — With no final results yet Wednesday in the U.S. presidential election, there has been very little, if any, effect on the Chicago Board of Trade (CBOT), according to Allendale Inc. president Steve Georgy. “For the grain markets there hasn’t been a higher impact yet, but it is rather quiet,” he said from McHenry, […] Read more
CBOT weekly outlook: Eyes on U.S. election, next supply and demand report
U.S. livestock: Cattle futures trim back on election uncertainty
Pork fundamentals still bearish on hogs
Reading Time: < 1 minute Chicago | Reuters — U.S. live and feeder cattle futures fell on Tuesday in a round of profit-taking ahead of an uncertain U.S. presidential election, analysts said. Chicago Mercantile Exchange December live cattle futures settled 0.725 cent lower at 107.825 cents/lb., after rising in each the last five sessions (all figures US$). CME feeder cattle […] Read more
U.S. grains: Soybean futures climb on export optimism
'No matter who's president, China still needs to feed their hog herd'
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled […] Read more
Klassen: Feeder market remains under pressure
Pre-election commodity trading in 'risk-off' mode
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more
U.S. grains: Corn declines on long liquidation
Soybeans lower, wheat rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more
U.S. livestock: Live cattle up with wholesale beef prices
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures inched higher on Monday as rising wholesale beef prices buoyed the market in light-volume trade, analysts said. Chicago Mercantile Exchange December live cattle futures settled up 0.25 cent at 108.55 cents/lb. (all figures US$). “That’s still the underlying factor — (cattle) weights are not as big as […] Read more
U.S. livestock: Live cattle edge higher in subdued trade
Chicago hogs end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern […] Read more
Funds’ long position up in canola ahead of selloff
Reading Time: < 1 minute MarketsFarm — Fund traders continued to add to their large long positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 61,936 […] Read more
U.S. grains: Wheat slides on profit-taking, weather
January soybeans up, December corn flat
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative […] Read more
U.S. livestock: Live cattle futures jump on tightening supplies
Lower wholesale pork values drag on hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$). […] Read more
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