Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August. Corn futures followed soybeans lower, with both markets also pressured by improving crop conditions in Europe and […] Read more
U.S. grains: Soybeans down on positioning, crush pace
CBOT wheat ends up on week
U.S. grains: Soybeans up on signals of supply, weather concerns
CBOT wheat falls on higher U.S. dollar, corn pressured by wheat
Reading Time: 2 minutes New York | Reuters — Chicago Board of Trade (CBOT) soybean futures turned higher amid a volatile trading session on Thursday, as commodities traders wrestled with tight domestic supplies and uncertainty over weather impacts on the current U.S. crop. Analysts said that market participants are focusing on how the recent extreme heat waves across the […] Read more
U.S. livestock: Tight supply drives CME live cattle to new highs
Hogs down off Wednesday's one-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). December live cattle settled 2.5 […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
Reading Time: 2 minutes Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
ICE weekly outlook: Harvest pressure to weigh on canola
StatCan report not expected to cause much stir
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
CBOT weekly outlook: Prices for U.S. soybeans, corn where they should be
USDA report calls for tightest soy carryout in eight years
Reading Time: 2 minutes MarketsFarm — There have been no surprises in the price movement for U.S. soybeans and corn on the Chicago Board of Trade following the release of the U.S. Department of Agriculture’s monthly supply and demand report. “This was a case [for soybeans] where the trade expected even tighter ending stocks. That 220 million bushels matched […] Read more
U.S. grains: Wheat rallies on Black Sea tensions
Corn prices follow wheat higher, soy gains as traders eye crop yields
Reading Time: 2 minutes New York | Reuters — Wheat futures on the Chicago Board of Trade (CBOT) rose for a second straight session on Wednesday, as Russia reported Ukrainian strikes on a naval base in the grain-rich Black Sea region and Kyiv said its grain exports dropped sharply. Kyiv said on Wednesday more than 100 of its port […] Read more
U.S. livestock: CME cattle futures ease in technical setback after highs
Nearby lean hogs also down on technical selling
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more
Klassen: Feeder market continues to consolidate
U.S. feeder cattle supplies seen tighter than expected
Reading Time: 2 minutes Compared to last week, western Canadian grass yearling prices were relatively unchanged. Yearlings over 800 lbs. on light grain rations or on diets mixed with silage were priced at $5 to as much as $20 discount to those cattle coming straight off pasture. Larger groups of uniform quality continue to trade at a minor premium […] Read more
U.S. grains: Futures sharply lower on U.S. harvest outlook
Wheat bounces on smaller-than-expected world stocks forecast
Reading Time: 1 minute New York | Reuters — Chicago soybeans plummeted to a three-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather. The U.S. Department of Agriculture raised its outlook for the corn harvest, as expectations for […] Read more
A message from April Stewart, Country Guide's Associate Editor
