Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects. Wheat futures ended mixed as improved harvest weather in the U.S. Plains winter wheat belt offset support from […] Read more
U.S. grains: Corn, soy retreat as farm belt heats up
U.S. grains: Wheat rises on global weather worries
Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more
U.S. livestock: Lean hogs tumble for third straight session
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply for a third straight session on Monday in a technical and fund- selling drop fueled by ample supplies of hogs and pork. Actively traded nearby contracts shed more than four per cent, with losses over the past three sessions topping 10 per […] Read more
Canadian wheat sales to China hit 14-year high despite dispute
Winnipeg/Chicago | Reuters — Canada has shipped the most wheat to China in 14 years, contrasting a sudden halt in canola trade amid a diplomatic dispute between the countries, as Chinese buyers shunned the United States. China bought 1.5 million tonnes of wheat from Canada from August 2018 through April 2019, nearly double the pace […] Read more
U.S. grains: Corn climbs to one-year high as rains stall planting
Chicago | Reuters — U.S. corn futures scaled to their highest in a year on Friday as soggy U.S. Midwest field conditions and forecasts for unrelenting rain across the region heightened concerns that farmers may be unable to plant a sizable portion of the crop. Soybeans followed corn higher, also supported by worries about planting […] Read more
U.S. livestock: Hogs limit down on continued export uncertainty
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply on Friday on weak pork prices and concerns about export demand as trade tensions have increased between the U.S. and China, the world’s largest hog and pork market. Traders squared positions ahead of the long Memorial Day holiday weekend due to the […] Read more
U.S. grains: Corn sinks as trade aid seen encouraging planting
Chicago | Reuters — U.S. corn futures dropped for the first time in nine sessions on Thursday after the U.S. Department of Agriculture (USDA) unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring. Soybeans and wheat also declined as the USDA announced a $14.5 billion direct […] Read more
U.S. livestock: Hogs mixed as trade war anxiety overshadows export data
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures traded on both sides of previous levels on Thursday and closed mixed as the market weighed ample hog supplies against some signs of improved pork export demand. Hog traders were encouraged by large pork purchases by China and Mexico in weekly U.S. Department of […] Read more
U.S. grains: Soybeans rebound in technical bounce, trade aid details awaited
Chicago | Reuters — U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session’s drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans. Corn ended firm, although spillover support from higher soy and worries over rain-delayed U.S. planting were […] Read more
U.S. livestock: Lean hog futures erode on China trade tensions
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures drifted lower on Wednesday and touched a one-week low as the market was pressured by concerns that the U.S.-China trade war is far from resolution. Traders did not expect any significant Chinese buying of U.S. pork in weekly export sales data due to be […] Read more
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