Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Wednesday for a third straight session, buoyed by broad strength in commodities along with firming cash cattle prices, traders said. A blizzard crossing the northern Plains lent support, raising concern about stress on cattle in the Dakotas, but the storm was […] Read more
U.S. livestock: CME cattle follow broad strength in commodities
June lean hog futures down on day
U.S. grains: Wheat, corn, soy up on expectations for long Ukraine conflict
Funds seen buying in after last week's losses
Chicago | Reuters — U.S. wheat and corn futures jumped on Monday, with traders saying that exports from the Black Sea region will continue to be disrupted this week due to the fighting in Ukraine. Soybean futures also rose sharply, following gains in the crude oil market that also stemmed from major ructions to energy […] Read more
U.S. livestock: CME cattle up amid weak broader markets
Nearby hog futures see muted gains
Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb., […] Read more
Louis Dreyfus suspends operations in Russia
Paris | Reuters — Louis Dreyfus Co., (LDC), one of the world’s largest agricultural commodity merchants, has suspended its operations in Russia, it said on Friday. LDC did not provide further details in an emailed response to a question about the impact of Russia’s invasion of Ukraine on its activities. Like other crop traders, it […] Read more
ICE weekly outlook: Analyst sees sharp declines coming for canola
MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market is being really driven by […] Read more
U.S. livestock: CME feeder cattle hit four-month low
Live cattle weaken; lean hogs higher
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures dropped to a four-month low on Tuesday and live cattle futures eased as Wall Street tumbled, traders said. A surge in prices for grains used for livestock feed added pressure on feeder cattle, traders said. Corn and wheat futures each rose by their daily trading […] Read more
Farmers ask U.S. Justice Department to probe fertilizer price spikes
Reuters — Farmers have asked the U.S. Department of Justice to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent Wednesday by the Family Farm Action Alliance. The group, which has more than 6,000 farmer and rural members, alleges fertilizer companies are setting prices […] Read more
U.S. grains: Wheat drops as U.S. dollar edges higher
Australia forecasts record wheat crop; corn, soy down on good South America weather
Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more
Louis Dreyfus completes stake sale to ADQ
Deal includes long-term supply line to UAE
Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more
U.S. grains: Soybeans, wheat gain in commodities rebound
Biofuel worries cap corn
Chicago | Reuters — U.S. soybean futures firmed on Monday in a modest recovery from last week’s two-month low as crude oil markets rebounded and lifted soyoil prices more than three per cent, traders said. Wheat also gained as the U.S. dollar softened and as weekly export inspections topped trade expectations. Corn was flat to […] Read more
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