(Photo courtesy Canada Beef Inc.)

U.S. livestock: More short-covering extends CME live cattle gains

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures rallied again on Tuesday, led by more short-covering and sentiments that last week’s selloff was overdone, traders said. April live cattle closed 1.25 cents/lb. higher at 126.8 cents, and June ended 2.15 cents/lb. higher at 118.75 cents (all figures US$). “We saw short-covering because there […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle hit new contract lows before report

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sped to new contract lows, accelerated by bearish fundamentals and positioning before the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Simultaneously, the U.S. Department of Agriculture will issue its monthly cold storage data that will include total March beef and […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans set eight-month highs in comeback rally

Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures jumped on short-covering and technical buying on Tuesday, with soybeans closing at eight-month highs after a see-saw session. Heavy buying by commodity investors helped drive the gains, with funds snapping up an estimated 15,000 soybean contracts and 20,000 corn contracts at the Chicago Board of Trade, traders said. […] Read more


(Lisa Guenther photo)

U.S. grains: Wheat dips again on weak sales, improving crop

Reading Time: 2 minutes Reuters — Chicago wheat dropped on Thursday for the fourth straight session on lacklustre weekly export sales and the improving condition of the U.S. winter crop. Soybeans slid in a correction from Monday’s highest price since Aug. 17 and corn rose on speculation U.S. farmers may switch some acres to soy. The most-active May wheat […] Read more




Hard white winter wheat growing in North Carolina in 2010. (Dave Marshall photo courtesy ARS/USDA)

U.S. grains: Wheat drops to near one-week low as crop progresses

Reading Time: 2 minutes Reuters — Chicago wheat fell on Wednesday to a nearly one-week low, pressured by a U.S. Department of Agriculture report that revealed U.S. wheat was progressing faster than expected. Corn rose to its highest in almost a week, following technical indicators. Soybeans gained on bargain-buying. The Chicago Board of Trade’s most-active May wheat contract fell […] Read more


(Scott Bauer photo courtesy ARS/USDA)

Manitoba soybean acreage looks to inch upward

Reading Time: < 1 minute CNS Canada — U.S. farmers may be seeding fewer soybean acres this spring but expectations for the crop remain relatively steady north of the border, according to Francois Labelle, executive director of Manitoba Pulse and Soybean Growers. “Our first indications are that acreage will be the same as last year to up a little bit,” […] Read more

(Keith Weller photo courtesy ARS/USDA)

U.S. grains: Soybeans retreat from August peak

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slumped on Monday as traders took profits after prices reached their highest point since August on technical buying and last week’s government forecast for lower-than-expected plantings. Corn prices ended mixed as traders digested the U.S. Department of Agriculture’s (USDA) estimate for much larger-than-expected U.S. plantings of the yellow […] Read more