Chicago | Reuters — Chicago corn eased for a fourth session on Tuesday as harvest progressed in the U.S., pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment. Wheat tracked corn lower on outside market pressure, while soybeans firmed after a near three-month low on Monday. The most-active corn contract on […] Read more
U.S. grains: Corn eases as harvest progresses
Soybeans climb after reaching three-month low
U.S. livestock: CME lean hog futures rise from February low
December live cattle close lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Thursday, as the market recovered from a decline to its lowest prices since February. Technical buying helped support prices, while concerns about waning U.S. pork exports continue to hang over the market, analysts said. The U.S. Department of Agriculture reported 2021 export sales […] Read more
U.S. grains: CBOT wheat up after mixed trade
Traders eye U.S. corn harvest results
Chicago | Reuters — Chicago Board of Trade wheat futures ended higher on Thursday after struggling for direction as traders assessed reduced harvest prospects in major exporting countries. Corn and soybean futures were little changed after topping two-week highs. Traders focused on global supply risks for wheat as Strategie Grains sharply lowered its projection for […] Read more
China applies to join Trans-Pacific trade pact
Second-biggest economy seeks to add to economic clout
Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in […] Read more
U.S. livestock: Nearby hogs up in rebound off six-month low
CME cattle futures slide
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more
U.S. livestock: CME hogs hit six-month lows
Chicago cattle futures rebound
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest prices in more than six months on Tuesday, while cattle futures recovered a day after hitting June lows on concerns about a fire at a major Nebraska beef plant. The hog market extended recent losses under pressure from concerns about the […] Read more
China’s buyers expect Brazil’s beef back soon despite BSE cases
Beijing | Reuters — Chinese beef importers said Monday the suspension of exports by top supplier Brazil due to two cases of BSE has had no immediate market impact, with some still making purchases in anticipation of a quick resumption of trade. Brazil said on Saturday it had confirmed two cases of ‘atypical’ bovine spongiform […] Read more
U.S. grains: Corn, soy, wheat slide on stronger U.S. dollar, export concerns
Market awaits USDA crop forecasts ahead of corn, soy harvests
Chicago | Reuters — Chicago corn, soybean and wheat futures slipped Tuesday as a stronger dollar, export concerns and early U.S. harvest activity weighed on the complex ahead of the U.S. Agriculture Department’s monthly supply and demand report, due out Friday. Analysts anticipate USDA’s Sept. 10 outlook to increase estimates of U.S. corn and soybean […] Read more
Slow U.S. corn shipments could pressure supply forecasts
Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S. […] Read more
ADM quarterly profit surges amid strong U.S. corn exports to China
Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more
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