Chicago | Reuters — U.S. soybean futures were lower on Monday as early-session support from a lower-than-anticipated government forecast on spring plantings faded and the market’s focus turned to ample U.S. supplies and rising trade tensions with top importer China. Corn futures notched a 2-1/2-week high on the U.S. Agriculture Department’s bullish acreage forecast late […] Read more
U.S. grains: Soybeans sink on plentiful stocks, trade tensions
U.S. livestock: Cattle tumble as USDA report rallies corn
Chicago | Reuters — U.S. live cattle futures fell sharply on Thursday as a rally in the corn market sent feeder cattle tumbling and as weak cash cattle prices and rising supplies weighed on sentiment, traders said. The actively traded Chicago Mercantile Exchange June contract dropped by the three-cent-per-pound daily limit to settle at 102.575 […] Read more
U.S. livestock: CME live cattle touch six-month low on big supply
Chicago | Reuters — Chicago Mercantile Exchange live cattle tumbled to a six-month low on Monday as a glut of animals at U.S. feedlots fueled concerns about plentiful beef supplies into the fall, traders said. The U.S. Department of Agriculture reported after Friday’s market close that ranchers had placed 7.3 per cent more cattle in […] Read more
U.S. grains: Soybeans retreat on profit-taking
Chicago | Reuters — U.S. soybean futures eased on Monday for the first time in five sessions as profit-taking undercut earlier support stemming from weather forecasts suggesting little rain in drought-hit Argentina, the world’s third-largest exporter. Corn ended higher on concerns about a shrinking crop in Argentina, the world’s No. 3 supplier. Wheat futures jumped […] Read more
U.S. grains: Soybeans rise as drought withers crops in Argentina
Chicago | Reuters — U.S. soybean futures on Wednesday rose for the sixth time in seven sessions on expectations that a drought-reduced crop in Argentina would buoy demand for U.S. supplies. Gains were limited by plentiful global supplies and strong production prospects in Brazil. Wheat slipped to a two-week low, pressured by high world supplies […] Read more
U.S. livestock: Live cattle rally on stronger Plains cash market
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to fresh three-month highs on Friday as firming beef packer bids at U.S. Plains feedlot markets fueled expectations of higher cash cattle sales this week. Tighter supplies of market-ready cattle on feedlot showlists this week helped to support the cash market. Trading later developed […] Read more
U.S. livestock: Live cattle up on anticipated firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to the highest in at least three months on Thursday on fund and technical buying and as traders anticipated possibly higher cash cattle sales this week. Buying accelerated as futures prices topped highs posted early last week, as the market shrugged off bearish news […] Read more
U.S. livestock: Live cattle advance, anticipating firm cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Wednesday, supported by lagging cattle weights and expectations for higher cash market prices this week. Packers will be battling for a smaller number of market-ready cattle on showlists after recent frigid weather in the U.S. Plains and heavy snow in Iowa impeded […] Read more
Bunge board backs management after earnings miss, CEO says
Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s management fending off takeover bids from rivals. Several years of abundant grains supply on global markets have made it tough for Bunge and its rivals […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Tuesday, with nearby contracts weighed down by expectations for increased supplies of market-ready cattle beginning next month. Declines were limited by concerns that harsh winter weather last week in northern areas of the U.S. Plains and western Midwest slowed cattle weight gains, […] Read more