(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff

Reading Time: 2 minutes Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows, […] Read more

(FIle photo by Allan Dawson)

U.S. grains: Corn, soybeans rebound after USDA data-driven decline

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures edged higher on Wednesday on consolidation and technical buying after hitting contract lows a day earlier due to bearish U.S. Department of Agriculture supply and demand forecasts. Wheat closed firm after prices hit two-week lows on Tuesday, with a sluggish export pace overhanging the market. USDA […] Read more


(Lisa Guenther photo)

CBOT weekly outlook: Soybeans likely headed down, corn sideways

Reading Time: 2 minutes CNS Canada –– Corn and soybean futures at the Chicago Board of Trade plunged on Tuesday as fresh estimates hit the market. Near-term, soybeans aren’t expected to improve much, one U.S. analyst said, though a lack of farmer selling could bring some upside to corn. The U.S. Department of Agriculture (USDA) on Tuesday released its […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola drops below range

Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. grains: Corn, soy sink to new lows after bearish USDA report

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell to contract lows on Tuesday after the U.S. Department of Agriculture raised its 2015 harvest forecasts by more than expected and increased estimates for end-of-season stocks. Wheat futures slumped for a third straight session and hit a two-week bottom on technical selling and on a […] Read more

(USDA.gov via Flickr)

World corn stocks hit record high on cut in China use: USDA

Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture unexpectedly revised its global coarse grain supply estimate on Tuesday, saying Chinese feed millers were using feeds other than corn at a higher rate than previously thought over the past three years. Along with an increase in USDA’s 2015 U.S. corn production forecast and cuts to […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Technical trading, holiday fears sour hog, cattle futures

Reading Time: 2 minutes Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat tumbles on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures plunged more than four per cent on Monday on profit-taking and improving weather in some key wheat producing areas amid concerns that increasing global supplies will restrict U.S. wheat export demand. Corn futures fell for a third straight session and hit a two-month low on spillover pressure from […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Lower cash prices again send CME hogs to six-year low

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts drifted to a six-year low for a second straight day on Friday as plentiful seasonal supplies pulled prices for market-ready (cash) hogs lower, traders said. Spot December finished 0.4 cent/lb. lower at 55 cents, and February ended down 0.3 cent at 58.3 cents. Cash hog […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Rising dollar knocks corn near two-month low

Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures slumped on Friday under pressure from the rising U.S. dollar, with corn futures approaching a two-month low. “Everybody’s looking at the dollar,” said Jim Gerlach, president of A/C Trading in Indiana. “That’s the only story right now.” The dollar jumped more than one per cent to a seven-month […] Read more