Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as […] Read more
U.S. grains: Corn sinks to one-month low on weather, technical selling
Soybeans, wheat follow corn lower
U.S. livestock: Lean hogs up as pork prices rise, corn tumbles
Corn's decline also feeder cattle's gain
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded from the prior day’s losses on Tuesday on stronger cash pork prices and a weaker dollar, and as corn feed values fell sharply. Feeder cattle contracts also posted strong gains as benchmark corn futures on the Chicago Board of Trade plunged more than five […] Read more
U.S. grains: Corn, soybeans sink after Midwest rains
Wheat down on big Kansas crop outlook, export competition
Reuters — U.S. corn and soybean futures fell on Monday as rains boosted recently planted crops across the U.S. Midwest and as traders weighed future export demand following a flurry of corn purchases by China last week. Wheat futures also fell, sinking to the lowest level in more than a month as prospects for a […] Read more
U.S. livestock: Cattle futures sink as on-feed supply tops estimates
Profit-taking drags on hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Monday after U.S. government data showed supplies in feedlots above trade expectations and as some traders worried about demand for beef. The U.S. Department of Agriculture (USDA) said late on Friday that May 1 on-feed cattle supplies stood at 105 per cent of […] Read more
U.S. grains: Corn rebounds on technicals, sales to China
Soybeans also gain; wheat weak on improving U.S. crop
Chicago | Reuters — U.S. corn and soybean futures rebounded on Friday in an end-of-week technical and bargain buying bounce from steep losses the previous day. Corn received an additional boost from the U.S. Agriculture Department’s (USDA) confirmation of large sales to China for a fourth straight day, lifting the market to its first weekly […] Read more
U.S. livestock: Lean hogs resume climb on robust demand
Cattle down ahead of USDA report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mostly higher on Friday, rebounding from sharp declines the previous day as strong pork demand and tight hog supplies extended the market’s recent advance. Hog futures have soared in recent weeks, with April futures touching a 6-1/2 year front-month-contract high on Friday, as traders […] Read more
U.S. grains: Corn, soy slump in broad-based commodities selloff
Weekly corn export sales top estimates, China buys more
Chicago | Reuters — U.S. corn and soybean futures fell on Thursday as a firm U.S. dollar and tumbling energy prices, with crude oil down more than eight per cent, stoked broad selling across commodities markets. The steepest corn and soy declines in more than a week marked a further pullback from recent highs as […] Read more
U.S. livestock: Cattle, hogs follow broader commodities markets lower
"We were a little top heavy coming in"
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures posted steep losses in most contracts on Thursday as a broad-based commodities market selloff, led by sinking crude oil and a firmer U.S. dollar, weighed on prices. Fundamental factors for both cattle and hogs remained solid amid strong beef and pork exports and good […] Read more
U.S. grains: Soybeans slide on slowing exports, Argentina rains
USDA confirms more U.S. corn sales to China
Chicago | Reuters — U.S. soybean futures retreated on Wednesday on slowing export sales as global demand shifts to South American supplies and as U.S. farmers prepare to dramatically increase plantings of the oilseed this spring. Corn futures were mixed, with the nearby contract firming as strong sales to China stoked concerns about tightening supplies. […] Read more
U.S. livestock: Lean hogs climb to 6-1/2-year high
Cattle futures follow hogs higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied for a second straight session on Wednesday and the spot contract rose to the highest in 6-1/2 years on elevated pork prices and expectations for continued strong pork export sales. Pork prices have been rising, led by higher pork belly values, as retailers and […] Read more
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