(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash outlook drives CME live cattle higher

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Thursday, driven by short-covering and recent run up in wholesale beef prices, traders said. April ended 1.525 cents/lb. higher at 138.3, and June closed up 1.325 cents/lb. to 127.625 (all figures US$). The morning’s wholesale choice beef price climbed $1.36/cwt from […] Read more


(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Wheat jumps for seventh straight day

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed for a seventh straight session on Thursday, the longest such streak in nearly two years, as a weaker U.S. dollar and concerns about adverse crop weather sparked fund short covering and other buying. Soybeans also rose for a seventh day while corn advanced for the sixth time […] Read more

(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy at high end of trading ranges

Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade have moved to the high-end of their trading ranges, as the U.S. Department of Agriculture left ending stock estimates little-changed. “Looks like we’re still trading ranges, but we’re back up to the top,” said Brian Rydlund, market analyst at CHS Hedging. Corn […] Read more


(Keith Weller photo courtesy ARS/USDA)

U.S. grains: Soy, wheat extend winning streak

Reading Time: 2 minutes Washington | Reuters — U.S. soybean and wheat futures rose on Wednesday, the sixth straight higher close for both commodities, as technical buying and short-covering pulled prices higher after they drifted into negative territory, traders said. Corn futures closed mostly lower, weighed down by an ample supply base and some technical sales after the benchmark […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Weather fears, short-covering lift prices

Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. COOL rules formally off beef, pork

Reading Time: 2 minutes The U.S. Agricultural Marketing Service (AMS) has formally patched a long-sore spot in cross-border trade relations by pulling its country-of-origin labelling (COOL) regulations off beef and pork. The AMS, an arm of the U.S. Department of Agriculture (USDA), published its amendments Wednesday in the U.S. Federal Register. The changes, which took effect upon publication, mean […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Profit-taking drops CME live cattle

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Wednesday, after investors pocketed profits while waiting for market-ready, or cash, cattle to change hands possibly before Friday, traders said. April closed 0.8 cent/lb. lower at 136.3 cents, and June ended 0.425 cent lower at 125.925 (all figures US$). Cash bids in […] Read more



(Michael Thompson photo courtesy ARS/USDA)

U.S. grains: Wheat to multiyear lows on strong dollar, crop ratings

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soybean and corn futures declined for a sixth straight session, with the most-active May contracts in both markets falling to multi-week lows. At the […] Read more