An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold it to Bushel, a Fargo, […] Read more
Cargill, ADM sell GrainBridge to ag software firm Bushel
'Network effect' expected in grains sector
U.S. livestock: CME live cattle touch three-month lows
Demand from packers softening
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slid to three-month lows on Tuesday, as beef demand slows, leaving cattle producers with ample supply as packer demand softens, traders said. “Packers are bought for a long ways out — have a lot of inventory,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more
ICE weekly outlook: Canola futures slide, cash prices might not follow
Weakness seen ongoing in soy complex
MarketsFarm — If the October soyoil contract on the Chicago Board of Trade (CBOT) falls to 55 U.S. cents/lb., it’s likely ICE Futures canola will drop to around $850 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. ICE November canola closed Wednesday at $890.80 per tonne, giving up $10.80 since the […] Read more
U.S. livestock: CME lean hogs rise, narrowing discount to cash market
Technical selling drags on live cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Friday, led by the nearby October contract, in a technical and bargain-buying rally that narrowed the market’s sizeable discount to the exchange’s lean hog index, traders said. Actively traded October futures scaled to a 3-1/2 week peak and closed near its session high, […] Read more
U.S. livestock: CME cattle futures fall on lower cash cattle
Hogs down on supply expectations
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third day on Thursday, as the softer cash market in the southern U.S. Plains weighed on futures, traders said. “This cash just continues to struggle,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “We’ve just got that anchor in […] Read more
U.S. livestock: CME cattle futures ease as beef prices cool
Lean hog index still at premium to futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday, as beef prices eased ahead of the Labour Day holiday, traditionally a big beef consumption holiday, traders said. “We’re getting into that lull period ahead of the Labour Day holiday, where the retailers have already got their product purchased from the packers,” […] Read more
U.S. livestock: CME cattle rebound on improving cash markets, beef prices
CME lean hogs also up off Thursday losses
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising […] Read more
U.S. livestock: CME cattle, hogs drop in broader commodities sell-off
Investors take 'risk-off' approach, U.S. dollar surges
Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising […] Read more
U.S. livestock: CME cattle up on firm cash market, beef prices
Speculative buying, cash pork prices lift lean hogs
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales […] Read more
U.S. livestock: Hogs set life-of-contract highs on tightening supplies
Cattle mixed on concerns for cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared to contract highs on Monday on tightening U.S. supplies and rising cash prices. Prices have been rallying as consumer demand is rising due to easing pandemic-induced restrictions on dining and travel, analysts said. Hog supplies are tight after some farmers euthanized hogs or performed […] Read more
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