Reading Time: < 1 minute MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor […] Read more
ICE weekly outlook: Expect canola to climb higher
Seeding reported underway in southern Alberta
CBOT weekly outlook: U.S. wheat futures correct higher
Traders' eyes remain on weather
Reading Time: 2 minutes MarketsFarm — After dropping to their weakest levels of the past two years, U.S. wheat futures were due for the corrective bounce that saw all three markets posted sharp gains on Wednesday. Soybeans and corn saw spillover support from the rally in wheat, with all three markets watching weather conditions through the growing season. U.S. […] Read more
U.S. grains: Wheat rallies as tensions rise between Russia, Ukraine
Recent rains may not be enough to save U.S. wheat, traders say
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat rebounded from a 25-month low to close higher on Wednesday, edging up on fresh tensions between Russia and Ukraine that cast doubt on the future of the Black Sea grains corridor, analysts said. Corn also gained on the tensions. Soybeans, meanwhile, followed with a rally after touching a […] Read more
U.S. livestock: CME live cattle hit five-week low
Technical selling, economic worries add pressure; June hogs up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to their lowest level in more than five weeks on Tuesday as technical selling and concerns about the U.S. economy weighed on prices, analysts said. Economic worries increased after the failure over the weekend of First Republic Bank. Wall Street stock indexes sagged ahead […] Read more
U.S. grains: Chicago wheat hits 25-month session low on good crop conditions
Market eyes talks on Black Sea grain corridor
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat hit a 25-month low in the session to close lower on Tuesday, on weather that looked good for U.S. crop development and improving crop conditions. Wheat has been pressured down in recent days after the winter wheat crop rating as of Sunday was up two points from the […] Read more
Fund short position in canola grows for first time in a month
Corn moves from net long to net short
Reading Time: < 1 minute MarketsFarm — After covering bearish bets for four straight weeks, managed money fund traders were back on the sell side of the canola market in late April, covering longs and putting on new short positions. According to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC), as of April 25, […] Read more
U.S. livestock: Live cattle, lean hogs turn lower
August feeder cattle down second day
Reading Time: < 1 minute The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade. CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all […] Read more
U.S. grains: Wheat futures sink on rains, global supplies
U.S. winter wheat conditions likely improved in past week
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures tumbled to fresh lows on Monday on ample world supplies, sluggish U.S. export demand and beneficial rains in key production areas of the Plains and Midwest. Corn futures slumped on forecasts for favourable Midwest planting weather and lagging U.S. export sales, while soybeans edged higher in a technical […] Read more
U.S. grains: Chicago grains up off new lows, end week higher
Wheat rebounds off another 21-month low
Reading Time: 2 minutes Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more
U.S. livestock: Hog futures rise on cash market strength
CME cattle futures mixed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday, supported by strength in the cash market and good overseas demand for pork, traders said. Cattle futures were mixed, with feeder cattle contracts easing on a round of profit-taking after setting new contract highs while live cattle contracts ended firm. CME’s most-active June […] Read more
A message from April Stewart, Country Guide's Associate Editor
