Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more
U.S. grains: Wheat up off two-week low on Ukraine export uncertainty
Ukraine denies suspension of Black Sea export corridor
U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities
Lean hog futures continue higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more
ICE weekly outlook: Canola pulling lower
Futures subject to 'financial gravity'
Reading Time: 2 minutes MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Soyoil/meal spread worth watching
Reading Time: 2 minutes MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more
U.S. livestock: CME cattle, hogs rebound after recent losses
'Monday's washout was probably a bit overdone'
Reading Time: 2 minutes Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more
U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America
Rains benefit Argentina's core farmland
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more
U.S. livestock: Cattle futures set June lows at CME
Lean hog futures touch contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more
U.S. grains: Corn dips on harvests, technical selling
CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more
Klassen: Feeder market vulnerable to weakness
Placements higher than expected
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more
U.S. livestock: CME cattle sink to June lows
Lean hogs set contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures plunged to four-month lows on Monday under pressure from bigger-than-expected placements into U.S. feedlots last month. Lean hog futures set contract lows. The U.S. Department of Agriculture, in a monthly report issued after trading ended on Friday, said placements of cattle in feedlots during September totaled […] Read more
A message from April Stewart, Country Guide's Associate Editor
