Reading Time: 2 minutes Chicago | Reuters — U.S. hog contacts firmed on Tuesday, edging off a 5-1/2-month low hit on Monday on a mild round of bargain buying. Cattle futures were mixed, with the most-active fed cattle contracts also bouncing slightly while live cattle futures weakened to the lowest since Oct. 21. Fears about the spread of a […] Read more
U.S. livestock: Hogs firm, cattle mixed after limit-down moves
U.S. grains: Corn, soy, wheat fall on coronavirus fears
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Monday, with investors shedding risky assets amid fears the coronavirus outbreak in China could dent the global economy, traders said. “The same thing happened with the SARS outbreak, which ended up costing the global economy $40 billion in 2002-03,” Craig Turner, senior commodities […] Read more
U.S. livestock: Cattle, hogs limit down on coronavirus fears
Reading Time: < 1 minute Chicago | Reuters –– U.S. hog and cattle contracts fell their daily trading limits on Monday, hitting multi-month lows on fears about the spread of a coronavirus in China. “If we thought China’s coronavirus was making the media rounds late last week, it’s a full-fledged media frenzy this morning,” INTL FCStone said in a note […] Read more
U.S. grains: Soybeans hit six-week low as China virus sparks selling
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sank to their lowest level in more than six weeks on Friday as fears over the coronavirus spreading from China triggered broad-based selling. Corn and wheat futures also weakened as the U.S. Centers for Disease Control and Prevention confirmed a second U.S. case of the new virus in […] Read more
ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free
Reading Time: 2 minutes MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more
U.S. livestock: Cattle stumble to two-month low ahead of USDA report
Lean hogs follow cutout values higher
Reading Time: 2 minutes Chicago | Reuters — U.S. live and feeder cattle futures dropped to their lowest prices in about two months on Thursday as traders adjusted positions before a government report that is expected to show an increase in supplies. Hog futures, meanwhile, advanced to their highest prices in about two weeks. The U.S. Department of Agriculture […] Read more
U.S. grains: Corn futures hit three-month high on export demand
Profit-taking sparks pullback in CBOT wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier. Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week’s initial trade agreement […] Read more
CBOT weekly outlook: Corn set to rally
Reading Time: < 1 minute MarketsFarm — Corn futures on the Chicago Board of Trade may be due for a rally. The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525. “I would like to see resistance be taken to […] Read more
U.S. livestock: CME cattle sag on supply expectations
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures weakened on Wednesday as traders prepared for a government report that is expected to confirm the nation’s supplies have expanded from a year ago. The U.S. Department of Agriculture will report on Friday that there were 11.948 million head of cattle on feed for slaughter as of Jan. […] Read more
U.S. grains: Robust global demand supports Chicago wheat
Reading Time: 2 minutes Chicago | Reuters — Profit-taking pulled down Chicago Board of Trade wheat futures on Wednesday after robust global demand and concerns about tightening supplies pushed the most-active contract to its highest price since August 2018. Soybean futures also ended lower, while nearby corn futures inched higher. Traders in the farm markets continued to wait for […] Read more
A message from April Stewart, Country Guide's Associate Editor
