(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy likely rangebound

Reading Time: < 1 minute CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Corn, wheat futures firm ahead of USDA report

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures firmed on Tuesday as traders adjusted positions ahead of a monthly U.S. government crop report, traders said. Soybeans settled nearly flat, paring early advances. But all three markets were able to withstand pressure from weaker energy markets and a stronger dollar, which tends to make U.S. […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle slump limit down

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday settled down by their three cents/lb. daily price limit, on sell stops and fund liquidation after some contracts fell beneath chart support levels, said traders. October and December were down three cents/lb. at 98.875 and 100.05 cents, respectively (all figures US$). December futures […] Read more







(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat jumps on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than two per cent on Wednesday as signs of fresh export demand triggered a short-covering rally in a market where commodity funds hold a large net short position, traders said. Corn futures ended lower after a choppy session while soybeans fell, pressured by the expanding harvest […] Read more


(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybean rally snuffed out as harvest advances

Reading Time: 2 minutes Reuters — Chicago soybean prices fell on Tuesday, snuffing out a three-session rally as an accelerating U.S. harvest shifted attention back toward the prospect of record production. Corn edged higher, supported by short-covering in spread trades against soybeans, while wheat finished flat, held in check by technical selling and ample U.S. supplies. Chicago Board of […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Bargain buying rallies CME lean hogs

Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange lean hog contracts ended sharply higher on Monday, fueled by bargain buying following futures’ plunge by their three-cent/lb. price limit on Friday, said traders. October, which will expire on Oct. 14, closed down 0.1 cent/lb. at 48.925 cents (all figures US$). Most-actively traded December ended 0.2 cent […] Read more