Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell to their lowest prices in about three weeks on Wednesday amid pressure from plentiful supplies, analysts said. Live cattle and feeder cattle futures also finished lower at CME. Hog supplies tend to increase in the autumn, pushing more pork on the market and weighing […] Read more
U.S. livestock: CME hogs near three-week low amid ample supply
Chicago cattle futures also lower
U.S. livestock: CME cattle futures mixed
Hogs slip on technical trading
Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean […] Read more
‘Containergeddon’: Supply crisis drives Walmart, rivals to hire own ships
Bulk grain ships pressed into container service
Los Angeles | Reuters — The Flying Buttress once glided across the oceans carrying vital commodities such as grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of […] Read more
CBOT weekly outlook: U.S. corn, soybean carryovers could increase
Declines expected for wheat stocks
MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled […] Read more
U.S. grains: Soybean futures extend losing streak
CBOT wheat firm, corn weak
Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after […] Read more
U.S. livestock: CME cattle futures touch one-week highs
Chicago lean hogs retreat
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker […] Read more
Canada’s drought forces canola importers to turn elsewhere
'Importers...are going to be left out in the cold'
Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more
U.S. puts up funds to prevent African swine fever
Haiti, Dominican Republic now 'countries of concern' on CFIA list
Chicago | Reuters — The U.S. Department of Agriculture on Wednesday pledged up to US$500 million to prevent the spread of the fatal pig virus African swine fever, after Haiti and the Dominican Republic recently confirmed outbreaks. A U.S. outbreak would likely slash U.S. pork exports and pig prices, hurting farmers and meat companies such […] Read more
Argentina to restart beef exports to China after caps lifted
Buenos Aires | Reuters — Argentina on Tuesday said it would once again allow cattle farmers to freely export beef to China, lifting a cap imposed earlier this year that had stoked tensions with the agricultural sector. The government had capped beef exports at 50 per cent of the normal volumes to tamp down fast-rising […] Read more
U.S. grains: Corn futures up on firm cash markets
Soybeans post modest gains
Chicago | Reuters — U.S. corn futures rose about two per cent on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said. Soybean futures climbed as China booked several U.S. cargos of the oilseed but wheat futures ended narrowly mixed. Chicago Board of […] Read more
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