Chicago Board of Trade (CBOT) corn futures rose one per cent on Tuesday, the biggest one-day advance in a week, to a six-week peak on dwindling supplies of corn, slow farmer selling and firm cash basis markets. Active spot May corn futures broke above technical resistance at the 200-day moving average, reaching a session high […] Read more
U.S. corn at six-week peak on snug stocks, strong cash
U.S. soybeans slip on Cyprus worries
Chicago Board of Trade (CBOT) soybean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus — and on availability of a large South American soybean harvest. Wheat turned down for the first time in seven trading sessions […] Read more
U.S. corn up one per cent; third day of gains on tight stocks
Chicago Board of Trade (CBOT) corn futures rose over one per cent, posting advances for the third straight session on Monday on tight stocks and on spillover from the rally that followed the bullish corn supply numbers the U.S. government released Friday, traders said. "Corn is leading everything higher today and it’s technical support after […] Read more
U.S. live cattle futures nearly flat; beef underpins
Chicago Mercantile Exchange (CME) live cattle futures ended nearly flat on Thursday after scaling a six-week peak on firm beef markets tied to reduced output due to a major winter storm in the U.S. Plains, traders and analysts said. Spot February cattle expired down 0.55 cent per pound at 128 cents, while most active April […] Read more
U.S. live cattle futures jump as blizzard trims supply
Chicago Mercantile Exchange (CME) live cattle futures rose to a six-week high on Friday on strong cash cattle markets due to a blizzard that trimmed weight gains and cut down on the number of cattle that were ready for market, analysts and traders said. Spot CME cattle futures rose nearly three per cent for the […] Read more
U.S. live cattle futures hit month peak as beef trimmed
Chicago Mercantile Exchange (CME) live cattle futures rose for the fifth consecutive trading session on Wednesday, gaining nearly one per cent to a month high on reduced beef tonnage following winter storms in the U.S. Plains that slashed feedlot cattle weight gains, traders and analysts said. "They’re thinking cash cattle will be higher this week […] Read more
U.S. live cattle futures up as storm trims beef
Chicago Mercantile Exchange (CME) live cattle futures were higher on Tuesday with a major snowstorm slamming into the U.S. Plains’ cattle-feeding states, slashing fed cattle weights and slowing livestock movement, analysts and traders said. "This is the second big storm in five days so there is no doubt we are taking some serious weight, some serious […] Read more
U.S. soy dips after scaling 3-1/2-month peak
U.S. soybean futures fell nearly two per cent on Friday on profit-taking after increased purchases from the United States by top soy importer China and a strike by Brazilian port workers had sent prices to a 3-1/2-month peak. "We do have potential for the bullish weather in Argentina and bullish port strike news in Brazil […] Read more
U.S. soy posts third day of gains on supply worries
U.S. soybeans rose nearly one per cent on Wednesday, posting the biggest three-day gain in seven months, on concerns about shrinking old-crop stocks as Argentine harvest prospects wane and brisk exports of U.S. soy draw down razor-thin supplies. Soybeans withstood an across-the-board selloff in commodities triggered by rumours that a troubled hedge fund was selling […] Read more
U.S. soy leaps most in seven months on Argentina woes
U.S. soybeans jumped three per cent on Tuesday, the biggest advance in seven months, on concerns about crop prospects in Argentina following disappointing rainfall and as China returns to the buy-side of the soybean market after the Lunar holiday. Soybeans also gained support from slow shipments from Brazil, as well as technical buying on follow-through […] Read more
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