Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary […] Read more
U.S. grains: Soy, corn firm on trade deal hopes
U.S. livestock: Lean hogs rally on technical buying, rising pork prices
Chicago | Reuters – U.S. lean hog futures rose by as much as 3 percent on Tuesday on technical buying and short-covering, and as hopes for expanded pork exports to China more than offset pressure stemming from ample U.S. hog supplies, traders said. Rising pork prices and strong meatpacker margins gave the market further support […] Read more
U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices
Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more
U.S. grains: Corn edges up after USDA trims U.S. harvest outlook, soybeans drop
Chicago | Reuters – U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand. Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor weather this […] Read more
U.S. livestock: Hog futures rise on hopes for Chinese pork import tariff rollback
Chicago | Reuters – U.S. lean hog futures closed mostly higher on Thursday on renewed hopes for accelerated U.S. pork sales to China after officials from both countries said an interim trade deal could include a phased rollback of tariffs. The hog market has been highly sensitive to any signs of easing trade tensions between […] Read more
U.S. grains: Soy rallies on strong exports, fresh U.S.-China trade deal optimism
Chicago | Reuters – U.S. soybean futures rebounded from two sessions of declines on Thursday on stronger-than-expected export sales and renewed optimism about an interim U.S.-China trade deal after government officials said it could include a phased rollback of tariffs. Corn futures slumped for a sixth straight session on weak export demand and investor positioning […] Read more
U.S. livestock: Lean hog futures retreat as interim China trade deal delayed
Chicago | Reuters – U.S. lean hog futures retreated on Wednesday, surrendering nearly all of the prior session’s strong gains on worries about U.S. pork exports to China after a senior White House official said a “phase one” trade deal with the world’s top pork consumer could be delayed. The delay followed news that Canada […] Read more
U.S. grains: Soybeans drop on U.S. harvest, worries over interim China trade deal
Chicago | Reuters – U.S. soybean futures slumped on Wednesday on rising supplies from the ongoing U.S. harvest and concerns about a delay in finalizing a “phase one” trade deal with China that could speed imports by the world’s top buyer. Corn also weakened on harvest pressure and dull demand for U.S. supplies, while wheat […] Read more
U.S. livestock: Lean hogs jump in short-covering, technical bounce
Chicago | Reuters – U.S. lean hog futures rallied on Tuesday in a technical-buying and short-covering bounce from recent lows, underpinned by hopes for accelerated pork sales to China amid surging prices in the world’s largest pork-consuming country, analysts said. Pork prices have surged to record highs in China as African swine fever has decimated […] Read more
U.S. grains: Corn, soybeans retreat as mostly dry weather accelerates U.S. harvest
Chicago | Reuters – U.S. corn futures dropped to a 3-1/2-week low on Tuesday, while soybeans fell for the first time in four sessions as largely dry U.S. Midwest weather propelled harvesting and rains bolstered crop prospects in South America where farmers are planting corn and soy. Positioning ahead of a monthly U.S. Department of […] Read more