Reading Time: < 1 minute Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more
U.S. grains: Soybeans gain ground on Chinese buying
Wheat rebounds after technical correction
U.S. livestock: Live cattle pull back on demand uncertainty
CME lean hogs strengthen
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday for a second consecutive session after key contracts reached more-than-four-month highs last week as processors continued to cut into a surplus of market-ready cattle, traders said. Concerns about a piecemeal economic reopening as coronavirus cases flare up across the United States have traders […] Read more
U.S. grains: Soybeans trim back on improved crop conditions
Wheat gains on weaker U.S. currency
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more
Klassen: Feeder market looking firm for fall
Reading Time: 2 minutes The western Canadian feeder market was hard to define last week due to the small volumes. Small groups under 10 head were quite common and in many cases, one to three head were running through the ring. Discounts were quite severe on these stragglers; however, quality feeder cattle traded at similar levels to last week. […] Read more
U.S. grains: Corn weakens on rain across Midwest
Soybeans gain for fifth session, wheat futures tumble
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more
U.S. livestock: Live cattle backslide amid cautious slaughter improvements
Lean hogs down on supply backlog
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday, pulling back after a rally last week on signs that meatpackers may be working through backlogs of market-ready cattle, traders said. Although slaughter rates have returned to pre-coronavirus levels, cattle remain heavier after backing up in feedlots when processing plants closed this spring […] Read more
Funds covering short positions in canola
Reading Time: < 1 minute MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more
U.S. grains: Corn, soy futures extend gains on China demand
CBOT September wheat eases
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose on Friday, with soybeans hitting a one-week top as a pick-up in export demand for both crops, primarily from China, sparked speculative buying and short-covering, analysts said. Soybeans got an additional boost from surging palm and soyoil futures. But forecasts for beneficial rains in the […] Read more
U.S. livestock: Live cattle end steady to firmer
Lean hogs dip after weekly advances
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed steady to firm on Friday, stabilizing after a two-session rally attributed to speculative buying and signs that meat packers may have worked through much of a backlog of market-ready cattle, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled unchanged at 103.275 cents/lb. and […] Read more
U.S. livestock: Cattle futures hit four-month top
Lean hogs up on export news
Reading Time: 2 minutes Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975 […] Read more
A message from April Stewart, Country Guide's Associate Editor
