Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ticked upward Thursday, while packers backed off of buying ahead of the Labour Day holiday week that will limit slaughter, analysts said. “There was some light trade today, slightly lower than last week,” said Doug Houghton, technical analyst at Brock Capital Management. “I don’t know […] Read more
U.S. livestock: CME live cattle up ahead of long weekend
Lean hogs follow cash hog index lower
U.S. grains: Soybeans end month up on crop stress
Wheat down as global supplies weigh on U.S. prices
Chicago | Reuters — Chicago soybeans fell for a third consecutive session on Thursday, but ended the month higher as recent export activity and fears that dry weather damaged crops lent support. Wheat ended lower after trading both sides of even, pressured by plentiful global supplies. Corn ended the day and the month lower after […] Read more
Russia says will have talks with Turkey about alternative to Black Sea deal
Plan calls for Qatar's support to move Russian grain
Reuters — Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to the Black Sea grain deal when they meet this week, Lavrov’s ministry said Wednesday. Under the plan, Russia would send a million tons of grain to Turkey at a discounted price, with financial […] Read more
U.S. livestock: Lean hogs climb as traders eye seasonal supply shifts
Cattle futures down ahead of long weekend
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Wednesday, finding support as traders gauged pork demand and watched for signs of a seasonal influx of market-ready hogs. “We still have an index that’s higher than the October. It usually doesn’t close the gap until we get into September a week or […] Read more
U.S. grains: Soybeans dip, despite exports
Damage to Canada's durum could impact pasta prices
Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more
U.S. grains: Soybeans dip after data shows crop less damaged than feared
Ukrainian farmers not expected to cut winter wheat area
Chicago | Reuters — Chicago soybean and corn prices retreated on Tuesday following U.S. government data showing a smaller-than-expected decline in crop conditions than what many analysts had expected. Wheat hit a two-week low as sluggish demand for U.S. supplies and competition from cheap Russian grain limited the upside in prices. The most active soybean […] Read more
U.S. livestock: CME live cattle dip as traders weigh cash, consumer demand
Hog futures down on supply expectations
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after four days of gains, as traders look for direction from consumer demand amid tight cattle supplies, analysts said. “I think we’ve been sideways for cattle now for over a month and, I guess until we see a change on the product […] Read more
U.S. livestock: CME feeder cattle up on consumer demand, tight supplies
Labour Day weekend demand also lifts hogs
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures gained on Monday, supported by consumer demand and continued tightening of available cattle, analysts said. “I think we probably did get a little help here from retail movement over the last week,” said Alan Brugler, president of Brugler Marketing, noting the Labour Day holiday is […] Read more
U.S. grains: Corn, soybeans climb as U.S. crop concerns grow
Crop tour forecasts crops below USDA estimates
Chicago | Reuters — Chicago soybeans and corn climbed on Monday after a U.S. farm survey predicted smaller crop production than government forecasts due to hot, dry conditions across the U.S. Midwest. Wheat dipped on weak demand for U.S. crops, coupled with competition from cheap Russian supplies. Chicago Board of Trade most-active soybeans gained 18 […] Read more
Vietnam to call off thistle seed ban in grain imports
Move will restore regular grain trade, Cereals Canada says
Vietnam is expected to resume nearer-to-normal grain trade with exporting nations such as Canada, after it loosens a significant restriction on weed seed content. Cereals Canada, a national cereals industry group, on Friday reported that Vietnam’s agriculture ministry has released a revised quarantine pest list due to take effect Sept. 29. The new list, Cereals […] Read more
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