Chicago Board of Trade (CBOT) new-crop November soybean futures fell one per cent on Thursday and corn tumbled nearly four per cent as better-than-expected rains in the northern U.S. crop belt eased fears of late-season crop damage. “We picked up some rains overnight in northeast Nebraska and northwest Iowa, with up to two inches in LaMars, […] Read more
Rain pulls CBOT soy off two-month high
CBOT soy rises to two-month high on weather threat to crop
Chicago Board of Trade (CBOT) soybean futures rose to a two-month high on Wednesday on forecasts for warmer and drier weather that poses a threat to the developing U.S. soybean crop. “Weather models turned drier and even warmer for next week, and that will cause further degradation of soybean conditions,” said Global Commodity Analytics analyst […] Read more
CBOT corn, soy slip as tour reports potential big crops
Chicago Board of Trade (CBOT) soybean futures eased on Tuesday after climbing to a two-month high in the previous session, with the market pressured by profit-taking and prospects for a big U.S. soybean harvest. Corn also sagged from a four-week peak on Monday, weighed down by a ProFarmer tour of the Midwest crop belt that […] Read more
CBOT soy leaps to two-month high as weather threatens yields
Chicago Board of Trade (CBOT) soybean futures surged 3.5 per cent to a two-month high on Monday and corn rallied more than three per cent to a three-week high as dry weather threatened to trim U.S. crop yields. Wheat rose a more modest one per cent on spillover buying from the corn and soybean markets, […] Read more
U.S. corn falls to three-year low on record crop outlook
U.S. new-crop corn futures fell to a three-year low on Friday and soy slipped as well on prospects for record harvests this autumn. “The path of least resistance is lower since there is still no legitimate weather threat to the crop and still forecasts for record production,” said Shawn McCambridge, analyst at Jefferies Bache. Wheat […] Read more
LIVESTOCK: Cattle rise on bargain buying, cheaper corn hits hogs
Chicago Mercantile Exchange (CME) live cattle futures closed higher on Friday on signs the cash cattle and wholesale beef markets may be stabilizing after a recent slide, traders and analysts said. “It looks like cash and even wholesale beef may be bottoming out. There is nothing certain but it appears they’re close to a low,” […] Read more
GRAINS-U.S. soy falls to 13-month low, soymeal down daily limit
U.S. soybeans fell nearly 3 percent to their lowest level in over a year on Thursday, and soymeal dropped its daily trading limit of $20 per ton for the second day in a row on falling cash markets. Traders and analysts said end-users were beginning to quit buying expensive old-crop supplies on prospects for a […] Read more
U.S. feeder cattle futures fall as corn prices soar
U.S. feeder cattle futures slipped a half per cent on Tuesday as Chicago Board of Trade corn futures rose, leading to reduced demand for feeders due to the potential for higher costs to feed young cattle to market weight, analysts and traders said. “Feed costs are already through the roof and with another rally in […] Read more
U.S. hog futures drop on slow exports; cash seen down
U.S. lean hog futures fell on Monday on disappointing export sales of U.S. pork and on expectations for lower cash hog markets soon, traders and analysts said. “Pork exports were down four per cent in May, exports are really sluggish and I think everyone was banking on strong exports,” said Dennis Smith, a broker for […] Read more
U.S. wheat up one per cent as China buys
U.S. wheat rose over one per cent on Wednesday, posting its best advance in two weeks on reports that China bought large quantities of wheat from Australia and the U.S. Wheat also traded higher on a bargain buying spree, after a series of eight consecutive daily losses drove the market to a one-year low earlier […] Read more
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