Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Thursday, pressured by a round of profit-taking and some weather outlooks that called for relief to drought-stricken crops in the U.S. Midwest, traders said. “The markets have obviously been overbought on the run-up here on weather,” said Mark Soderberg, grains research […] Read more
U.S. grains: Soy, corn down off multi-month highs
CBOT winter wheat firm
U.S. livestock: Cattle futures rise, hogs fall
Feeder cattle back in Bollinger range
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures firmed on Thursday, rebounding from a sharp decline a day earlier on support from weakness in the corn market. Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Analysts […] Read more
AAFC’s June supply/demand estimates mostly unchanged
Corn exports adjusted upward
MarketsFarm — Monthly supply/demand projections from Agriculture and Agri-Food Canada were left mostly unchanged in June, as the department awaits updated acreage estimates from Statistics Canada at the end of the month. Only corn saw any adjustments in the numbers from May, with a 200,000-tonne increase in 2022-23 exports, now at 2.05 million tonnes, resulting […] Read more
U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns
Meteorologists 'pretty much threw in the towel'
Chicago | Reuters — U.S. corn, soybean and wheat futures rose to multi-month highs on Wednesday, supported by concerns about crop shortfalls around the globe due to adverse weather in key production areas. “Listening to the meteorologists this morning, they pretty much threw in the towel on any moisture for the dry areas of the […] Read more
U.S. livestock: Feeder cattle down as corn extends rally
Hogs end lower off early gains
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
U.S. livestock: Hogs rally to nine-month high; cattle ease
Cattle futures weaker on seasonal slowdown and profit-taking round
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more
U.S. grains: Soy, corn futures steady; wheat mixed
Large Russian exports tempered fears of Black Sea corridor agreement breakdown
Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
Pulse weekly outlook: Fewer growers signing up their green lentils
'A lot of interest' seen for red lentils
MarketsFarm — There has been a divergence of prices between green and red lentils so far in 2023, according to Levon Sargsyan of Johnston Grains at Weyburn, Sask. Sargsyan said he hasn’t seen too many acres of green lentils signed up for this year, while it’s the opposite case for the reds. “I’m seeing some […] Read more
Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says
'Grey/black' fleet seen handling more Russian traffic
London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through […] Read more
U.S. grains: Corn, soy, wheat set multi-month highs on weather worries
U.S. markets closed Monday for Juneteenth
Chicago | Reuters — U.S. corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying ahead of a three-day holiday weekend, analysts said. “We have an issue here in the […] Read more
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