Chicago | Reuters — U.S. corn futures fell about one per cent on Monday on position squaring ahead of crop reports due this week from the U.S. Department of Agriculture (USDA) along with forecasts for generally favourable planting weather in the Midwest, analysts said. Soybean futures also declined while wheat closed higher, rallying on bargain […] Read more
U.S. grains: Corn falls one per cent, soy drifts lower
May wheat ends up off nine-week low
U.S. grains: Wheat hits three-month low on supply prospects
CBOT soybeans, corn also decline
Chicago | Reuters — U.S. wheat futures fell to their lowest level of 2021 on Thursday, pressured by improving global production prospects and a firmer dollar, which tends to make U.S. grains less competitive globally, analysts said. Corn and soybean futures also eased, following broad declines in commodities along with position-squaring ahead of key U.S. […] Read more
U.S. livestock: CME cattle end firm, hogs ease on profit-taking
Feeder cattle futures touch two-week top
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures edged higher on Friday on technical buying and as feeder cattle futures hit a two-week top on optimism about softening feed prices, analysts said. CME April live cattle settled up 0.475 cent at 119 cents/lb., holding above chart support at its 100-day moving average […] Read more
U.S. grains: Storms forecast for Plains drive wheat to one-month low
Corn up, soybeans down, soymeal drops
Chicago | Reuters — U.S. wheat futures extended losses on Friday, touching a one-month low as rain and snow forecast for dry parts of the U.S. Plains improved production prospects, analysts said. Soybean futures finished narrowly mixed, caught between surging soyoil futures amid tightening world vegetable oil supplies, and slowing demand for soymeal, a hog […] Read more
U.S. livestock: CME hogs hit contract highs, led by strong cash markets
Live cattle futures close mixed
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures surged three per cent on Thursday, setting life-of-contract highs on firming cash hog markets and rising wholesale pork prices, traders said. CME April lean hog futures settled up 2.725 cents at 91.5 cents/lb. after recording a contract high at 91.7 cents (all figures US$). […] Read more
U.S. grains: Wheat down on forecasts for Plains moisture
CBOT soybeans and corn both end higher
Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more
U.S. livestock: CME hog futures higher, cattle end lower
Corn's setback supportive for cattle
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended higher on Wednesday, led by firming cash hog prices and rising wholesale pork prices, traders said. CME April lean hog futures ended up 0.425 cent at 88.775 cents/lb., inching closer to a contract high set on Feb. 25 at 90.675 cents (all figures […] Read more
U.S. grains: Corn, soy sag on profit-taking after USDA data
Midwest's winter wheat entering key growth phase
Chicago | Reuters — U.S. corn and soybean futures each fell about two per cent on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said. Wheat futures also declined, following the trend, with beneficial moisture expected […] Read more
U.S. livestock: Lean hogs climb as pork prices rise, slaughter pace slows
Cattle futures anticipate grilling season
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a second straight day, supported by rising wholesale pork prices and a smaller weekly kill than a year ago, traders said. CME April lean hog futures ended up 1.05 cents at 88.35 cents/lb., moving back up toward a life-of-contract high […] Read more
U.S. grains: Wheat and soy climb, corn sags after USDA data
U.S. dollar's retreat also supportive
Chicago | Reuters — U.S. wheat futures rose more than one per cent on Tuesday after the U.S. Department of Agriculture in a monthly report lowered its forecast of global wheat inventories, analysts said. Corn futures declined on a surprise increase in USDA’s forecast of world corn stocks, while soybean futures firmed after a choppy […] Read more