Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May […] Read more
U.S. grains: Soybeans up as soyoil touches one-month high
Traders watch U.S. crop weather forecasts
U.S. livestock: CME lean hogs touch one-month high
August live cattle lower, feeders up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for […] Read more
U.S. grains: Wheat futures rebound
Corn, soybeans close firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, bouncing back from a sharp sell-off a day earlier on support from technical buying and concerns about supply disruptions stemming from the Russia-Ukraine war, traders said. Corn and soybeans also closed in positive territory, with old-crop contracts supported by expectations that supplies will remain tight […] Read more
U.S. livestock: CME cattle down second day in a row
Chicago lean hogs close firm
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell Thursday on a wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday. Hog futures closed firm but remained below recent peaks. Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents/lb. (all figures US$). […] Read more
ICE weekly outlook: Canola finds support from funds, weather
Crude oil markets also a factor
Reading Time: 2 minutes MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
Reading Time: < 1 minute MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
U.S. grains: Wheat futures snap winning streak
Corn weak, soybeans mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more
U.S. livestock: CME cattle weaken off new contract highs
Lean hogs down off highest since mid-May
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95 […] Read more
U.S. grains: Corn, soybeans rise ahead of USDA report
U.S. wheat futures end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Tuesday as investors unwound bearish bets ahead of a key government supply and demand report at the end of the week, traders said. “It is all money flow,” said Karl Setzer, brokerage research lead with Mid-Co Commodities. “When you get down to it, funds have built […] Read more
U.S. livestock: CME cattle rally to contract highs
July lean hogs also higher
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active grilling holidays such as Father’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
