Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
U.S. livestock: CME hog futures gain as pork prices rise
Cattle futures end mixed
U.S. grains: Corn, soy rally as focus returns to weather, dollar
Wheat traders keep one eye on Black Sea deal
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as […] Read more
U.S. livestock: CME cattle down off contract highs on profit-taking
Hogs also down off early strength
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more
U.S. grains: Corn hits 2-1/2-year low, soybeans tumble over USDA data
WASDE also pressures CBOT wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to their lowest price since early 2021 on Wednesday after the U.S. Department of Agriculture projected a larger-than-expected domestic crop and rising supplies, analysts said. Soybean futures tumbled after USDA’s forecast of 2023-24 soy ending stocks fell above a range of trade estimates, and wheat futures were […] Read more
ICE weekly outlook: Canola climbs on weather worries
Demand rationing also seen as supportive
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
CBOT weekly outlook: Markets react bearishly to WASDE report
Traders were expecting reduced U.S. corn yield
Reading Time: 2 minutes MarketsFarm — The Chicago Board of Trade (CBOT) saw futures come down after the U.S. Department of Agriculture (USDA) released its monthly world agricultural supply and demand estimates (WASDE) on Wednesday. Corn prices were 18 cents per bushel lower on the day, while soybeans lost 27-33 cents (all figures US$). Chicago soft wheat shed 24-28 […] Read more
U.S. livestock: CME hogs rally as pork prices rise
August live cattle touch new contract high
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more
U.S. grains: Soy climbs on supply worries ahead of USDA reports
Chicago wheat, corn also rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a second straight session on Tuesday as traders braced for a monthly U.S. government crop report due on Wednesday that is expected to project a smaller crop and tighter supplies, analysts said. Wheat futures rose as a drone strike on Ukraine’s Odesa port returned attention to […] Read more
U.S. grains: Soy futures climb ahead of key USDA reports
CBOT December corn up, September wheat down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about two per cent on Monday, bouncing off of a one-week low set Friday as traders positioned ahead of monthly crop reports due at midweek from the U.S. Department of Agriculture that are expected to project tighter U.S. supplies of the oilseed, traders said. Strength in global […] Read more
U.S. livestock: CME cattle end higher on firm cash values
Hogs settle lower off recent highs
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly higher on Monday on follow-though buying from Friday and carry-over strength from last week’s strong cash cattle market. Cash cattle traded late last week as high as $184-$185 per hundredweight (cwt) in northern feedlot areas, traders said, up from sales of around $178-$182 […] Read more
A message from April Stewart, Country Guide's Associate Editor
