Chicago | Reuters — U.S. hog futures rallied on Thursday, with most contracts closing at their daily trading limit, on hopes that exports to China will pick up after Washington and Beijing agreed to open trade negotiations, traders said. China and the U.S. will hold lower-level trade talks this month, the two governments said, offering […] Read more
U.S. livestock: Hogs close limit up on hopes of export pick-up
U.S. livestock: Hogs rise on bargain buying
Chicago | Reuters –– U.S. hog futures rose on Wednesday on a mild bargain buying bounce after prices sank to a 4-1/2 month low early in the session, traders said. Bargain hunting also propped up cattle futures. Gains in cattle and hogs were limited due to a lack of fresh news. CME August live cattle […] Read more
U.S. livestock: Technical buying supports cattle futures
Chicago | Reuters — U.S. cattle futures rose on Tuesday, supported by technical buying after falling on Monday, traders said. The benchmark Chicago Mercantile Exchange October live cattle futures contract found support at its 100-day moving average. The market has not closed below that key technical point since July 13. Hog futures were mixed, with […] Read more
USDA expects record soy production, corn yields
Chicago | Reuters – The U.S. Agriculture Department on Friday raised its outlook for domestic corn and soybean harvests by a more than expected amount due to good weather during key phases of development. The increased domestic projections, which pushed futures markets sharply lower, will boost the U.S. soybean stockpile to its biggest ever while […] Read more
U.S. grains: Wheat touches 3-year high on global supply concerns
Chicago | Reuters – U.S. wheat futures surged to three-year highs on Thursday on concerns about tightening global supplies and reduced shipments from key suppliers, but the market closed well below the peaks as major exporter Ukraine denied it would ban exports. The gains in wheat spilled over to the corn market, which also benefited […] Read more
U.S. grains: Soy rises on export prospects
Chicago | Reuters — U.S. soybean futures rose on Friday, notching their second straight weekly gain, bolstered by signs of strong export demand, traders said. Wheat futures were mixed, with winter wheat contracts easing while spring wheat contracts firmed amid concerns about crop shortfalls. Corn closed slightly firm after trading both sides of unchanged during […] Read more
U.S. grains: Soy, corn futures close firm
Chicago | Reuters — U.S. soybean futures closed slightly firm on Thursday, supported by hopes that stepped-up exports to Europe would make up for business lost in a trade fight with China, traders said. Corn futures also settled in positive territory while wheat was mostly lower, weighed down by technical selling. Soybeans, corn and wheat […] Read more
U.S. grains: Wheat near limit-up on yield concerns
Chicago | Reuters — U.S. wheat futures surged on Wednesday, supported by concerns about crop shortfalls in key production areas around the globe, traders said. The strength in wheat lifted corn futures to their highest in more than three weeks. Corn also received support from concerns about dry conditions limiting harvest yields in parts of […] Read more
U.S. livestock: CME cattle, hogs mixed in technical moves
Chicago | Reuters — U.S. live cattle and hog futures were mixed on Monday, with front-month contracts easing slightly while deferreds firmed in technical moves. Traders were unwinding bull spreads as they awaited the U.S. Agriculture Department’s cold storage report, which was released after markets closed. Monday afternoon’s USDA cold storage report showed month-over-month declines […] Read more
U.S. livestock: Cattle and hog futures both mixed ahead of USDA reports
Chicago | Reuters — U.S. live cattle futures were mixed on Friday, with the front-month contract firming slightly while deferreds eased as traders staked out positions ahead of the U.S. government’s closely watched inventory and Cattle on Feed reports. Pre-report positioning also was noted in fed cattle and hog contracts, with both of those markets […] Read more
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