Chicago | Reuters — Chicago Board of Trade soybean futures soared to a fresh four-year high on Tuesday and corn topped a one-year high after the U.S. Department of Agriculture said stockpiles this marketing year will fall to their smallest in seven years. The forecasts, issued in a monthly crop report, reflected a decline in […] Read more
U.S. grains: Soybean futures surge again to new four-year high
USDA cuts corn, soybean yield estimates
CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply
MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
U.S. grains: Soy futures touch new four-year top
Pfizer update on COVID vaccine sends shares, oil higher
Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and […] Read more
U.S. grains: Soybeans hold near four-year high
Focus shifts to Tuesday's USDA report to gauge tightening supply
Chicago | Reuters — Chicago soybean futures held near a four-year high on Friday as Brazilian dryness and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Corn and wheat dipped but were underpinned by weather risks and Chinese-fueled international demand. The most-active soybean contract on the Chicago […] Read more
U.S. grains: Soybeans reach four-year high on global supply concerns
Corn, wheat rise to one-week highs
Chicago | Reuters — Chicago soybean futures reached four-year highs on Thursday as continued dryness in South America’s crop areas raised supply concerns at a time of brisk Chinese demand. Corn and wheat hit their highest in more than one week on strong demand and supply concerns. The most-active soybean contract on the Chicago Board […] Read more
U.S. livestock: Live cattle futures up with boxed beef prices
Domestic consumption supportive for hogs
Chicago | Reuters — U.S. live cattle futures climbed on Thursday, supported by higher cash cattle and wholesale beef prices, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.475 cent higher at 108.35 cents/lb. (all figures US$). CME feeder cattle futures gained 0.25 cents to end at 135.4 cents/lb. “After four weeks in […] Read more
Pulse weekly outlook: Pea exports up on year, China a key buyer
MarketsFarm — Canadian pea exports are running ahead of the year-ago level, with China the main buyer, according to the latest Canadian Grain Commission (CGC) data. Total pea exports tracked by the commission, at 1.12 million tonnes during the first 12 weeks of the 2020-21 crop year, are up 34 per cent compared to the […] Read more
U.S. grains: Soybean futures climb on export optimism
'No matter who's president, China still needs to feed their hog herd'
Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled […] Read more
China rejects Australia’s appeal to remove barley tariff
Sydney | Reuters — China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (C$1.4 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5 per […] Read more
U.S. livestock: Live cattle futures jump on tightening supplies
Lower wholesale pork values drag on hogs
Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$). […] Read more
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