Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange cattle futures rose on Friday in a bout of technical trading, as cash prices remained relatively steady and investors positioned themselves ahead of the monthly U.S. Department of Agriculture (USDA) report, traders said. On the pork side, a second day of volatile trading across lean hog futures resulted […] Read more
U.S. livestock: Cattle futures rally
Hog futures slide to new lows; USDA cattle report seen as neutral
U.S. livestock: Cattle futures up ahead of USDA feedlot data
Hog futures mixed; U.S. pork export sales up on week
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday on technical buying and position-squaring ahead of a monthly U.S. Department of Agriculture (USDA) report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said. CME June live cattle settled up 0.7 cent at 165.525 […] Read more
U.S. grains: July corn down on poor exports, strong crop prospects
CBOT soybeans, wheat also down; new-crop December corn up off decline
Reading Time: 2 minutes Chicago | Reuters — Benchmark U.S. corn futures fell on Thursday to their lowest in 19 months, pressured by disappointing export data and prospects for big U.S. crops, analysts said. Soybean futures hit a 10-month low, and wheat futures slipped more than two per cent as an extension of a deal to allow war-ravaged Ukraine […] Read more
U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices
Nearby live cattle higher, feeder cattle down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined on Wednesday, snapping a three-session advance, pressured by a discounted cash hog market and declining wholesale pork prices, traders said. CME June lean hog futures settled down 2.325 cents at 84.875 cents/lb. and the July contract fell 2.575 cents to end at 85.55 cents […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
Reading Time: 2 minutes MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
CBOT weekly outlook: North Dakota corn growers switch to soy, sunflower
'Tough day in the markets' as Black Sea deal extended
Reading Time: 2 minutes MarketsFarm — Faced with a late start due to wet conditions, North Dakota farmers are changing their spring planting plans. They’re switching from corn to crops such as soybeans and sunflowers, according to analyst Tom Lilja of Progressive Ag in Fargo. “Guys just started rolling here on [May 14 and 15] fairly heavy. There was […] Read more
U.S. grains: Corn hits 18-month low on crop prospects
Chicago wheat tumbles on Ukraine deal
Reading Time: 2 minutes Chicago | Reuters — Benchmark U.S. corn futures fell to an 18-month low on Wednesday on news that China cancelled purchases of U.S. corn, and as favourable early-season crop weather bolstered projections for bumper U.S. harvests this year, analysts said. Wheat futures tumbled 3.4 per cent after the Black Sea grain deal, allowing for the […] Read more
U.S. grains: Soy, corn tumble on improving crop prospects, export competition
Chicago wheat futures follow downtrend
Reading Time: 2 minutes Chicago | Reuters — U.S. spot soybean futures fell 2.6 per cent on Tuesday to multi-month lows and corn futures slipped nearly two per cent, pressured by decent U.S. Midwest crop weather and strong competition for global export business, traders said. Wheat followed the lower trend. Chicago Board of Trade July soybeans settled down 36-3/4 […] Read more
U.S. livestock: Live cattle inch lower, nearby hogs end higher
'Cutouts slowly start to lose ground here'
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange slipped on Tuesday, pressured by softening wholesale beef prices and a lack of bullish news, traders said. Cash cattle trade was quiet, leaving some traders to focus on beef prices. The U.S. Department of Agriculture (USDA) priced choice cuts of beef on Tuesday […] Read more
U.S. grains: Wheat rises four per cent on U.S. crop outlook
Chicago corn, soy futures climb
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose about four per cent on Monday, supported by a lower-than-expected official forecast of U.S. supply next season and doubts over the renewal of a deal on the shipping corridor from Ukraine before a deadline this week. Corn and soybean futures also advanced, supported by strength in wheat […] Read more
A message from April Stewart, Country Guide's Associate Editor
