Reading Time: 2 minutes Chicago | Reuters — U.S. benchmark soybean futures fell below US$13 a bushel on Thursday for the first time in a month while corn and wheat futures held near multi-year lows on downbeat weekly export sales, an expanding U.S. harvest and economic worries, analysts said. Chicago Board of Trade November soybeans settled down 26-1/4 cents […] Read more
U.S. grains: Soybeans fall to one-month low on export woes
CBOT corn, wheat end down
ICE weekly outlook: Which way will canola go?
Basis levels have recently improved
Reading Time: < 1 minute MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
CBOT weekly outlook: Funds getting out of soybeans
Potential for U.S. government shutdown a concern
Reading Time: 2 minutes MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
U.S. livestock: CME cattle end firm, consolidate below recent highs
Hogs up on discount to cash price index
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending a seasonal slide dating from […] Read more
U.S. grains: Corn futures extend bounce from multi-year low
CBOT wheat, soybeans end firm
Reading Time: 2 minutes New York | Reuters — Chicago corn futures ended higher on Wednesday, extending a rebound from this week’s near three-year lows, while wheat climbed on a pickup in global export business and soybeans followed grain prices higher. Benchmark Chicago Board of Trade (CBOT) corn climbed six cents, or 1.26 per cent, to settle at $4.82-1/4 […] Read more
U.S. livestock: Chicago hogs turn upward
Cattle futures down on day
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) lean hog futures turned solidly upward Tuesday, a day after most trading months except October booked declines. October lean hogs closed Tuesday at 84.85 cents/lb., up 1.6 cents from Monday, while December closed at 76.25 cents, up 1.825 cents on the day (all figures US$). October hogs had dipped below 82 […] Read more
U.S. grains: Corn up off near-three-year lows
CBOT soybeans, wheat end lower
Reading Time: 2 minutes New York | Reuters — U.S. corn futures rose on Tuesday on bargain-buying after prices touched the lowest levels in nearly three years, but gains were limited by expectations of an ample harvest and weak export demand, traders said. Soybeans ended lower after choppy trading, setting a one-month low on pressure from better-than-expected U.S. crop […] Read more
Klassen: Stronger live cattle futures enhance feeder demand
Feeder cattle supplies look to be lower than anticipated
Reading Time: 2 minutes Compared to last week, western Canadian grass yearling prices were unchanged to $3/cwt lower on average. Steers held value but heifers had a softer tone. Calf prices were relatively unchanged from seven days earlier. However, weaker barley prices and stronger deferred live cattle prices limited any slippage. The calf market continues to be in price […] Read more
U.S. grains: Corn down on harvest pressure, demand woes
USDA crop reports show brisk harvest, little change to crop quality
Reading Time: 2 minutes New York | Reuters — U.S. corn futures on the Chicago Board of Trade (CBOT) hit their lowest levels in nearly three years on Monday as the Midwest harvest expanded, adding to fears of a supply glut at a time of weak export demand for U.S. supplies, traders said. The benchmark CBOT December corn settled […] Read more
U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies
Lean hogs mixed in technical trading
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
