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Markets, Reuters

U.S. Grains: Soybeans slide on predicted rains in Brazil

Corn and wheat rise on short covering

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Reading Time: 2 minutes Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops. Corn and wheat both ended higher as traders continued to cover short positions in both markets.
CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat, corn rally as export sales top forecasts

Soybeans lower in narrow trading

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures climbed more than one per cent on Thursday as traders covered more short positions following a slump to multi-year lows and as weekly export sales topped forecasts and included sizeable purchases by major importer China. Soybeans were lower in range-bound trading after the U.S. Department of […] Read more
CME February 2024 live cattle with 10-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle drop on fund selling, beef demand concerns

Chicago lean hogs continue higher

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly: Mostly bullish influences on soy, corn, wheat

China increasing imports, Brazil in weather bind

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Reading Time: 2 minutes MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

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Reading Time: 2 minutes MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
Photo: Greg Berg
Crops, Markets, Reuters

U.S. grains: Chicago wheat finishes higher on short covering

Soybeans nearly unchanged, drought in Brazil looms over production

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME cattle gain for second straight day after selloff

Chicago lean hog futures also firm

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose for a second consecutive session on Wednesday on short covering and follow-through technical and bargain buying after the market plunged to multi-month lows to start the week. Improving packer margins and futures’ steep discount to cash cattle prices also supported the market following the fund-selling […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans up on Brazilian heat, export demand

Wheat moves higher; corn slumps on ample supplies

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more […] Read more

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