Chicago | Reuters — Chicago Mercantile Exchange live cattle futures strengthened on Thursday, with the front-month contract setting a new high, as cash prices climbed. Cash cattle trades of around $170-$171/cwt in western Nebraska and around $172/cwt in northwest Iowa ignited the rally in futures, analysts said (all figures US$). Cash prices were up about […] Read more
U.S. livestock: CME live cattle set contract high as cash prices jump
USDA sees hog farrowing intentions down on year
U.S. grains: Wheat down off Wednesday’s one-month high
USDA stocks, prospective plantings reports due out Friday
Chicago | Reuters — U.S. wheat futures fell on Thursday on profit-taking after one-month highs a day earlier and reminders of strong competition for global export business, analysts said. Nearby corn and soybean futures drifted lower as traders squared positions ahead of key U.S. plantings and stocks reports due on Friday. Chicago Board of Trade […] Read more
Viterra to exit Russian grain trade
The company's team in Russia to create new grain exporter
London | Reuters — Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra — whose owners include mining and trading giant Glencore and the investment management […] Read more
CBOT weekly outlook: Traders await stocks, plantings reports
USDA estimates due out Friday
MarketsFarm — Traders on the Chicago Board of Trade (CBOT) will play close attention to a pair of reports due out from the U.S. Department of Agriculture (USDA) on Friday at 11 a.m. CT. The Grain Stocks and Prospective Plantings reports will provide a glimpse as to how much of each crop remains in the […] Read more
U.S. grains: Wheat up on Cargill’s Russia decision
Corn firm ahead of U.S. planting report; soy up on Argentina concerns
Reuters — Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill said it would take a further step back from the Russian market by no longer handling the top wheat supplier’s grain at its export terminal from July. Cargill’s shipping unit will continue to carry grain from the country’s ports, […] Read more
U.S. livestock: CME live cattle hit three-week peak on tightening U.S. supply
Weak cash prices drag on hog futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures marched to a three-week high on Wednesday on expectations for tighter U.S. supplies, analysts said. Feeder cattle futures also advanced, while lean hogs softened. Technical buying helped support live cattle, analysts said, after a drop near eight-week lows last week was seen as overdone. The […] Read more
U.S. grains: Soybeans, wheat gain on planting doubts
CBOT corn steadies
Reuters — U.S. wheat and soybean futures closed higher on Tuesday and corn closed nearly flat as traders had doubts about planting delays and adverse weather with an eye toward a key U.S. crop seedings report at the end of the week. Traders squared positions as they looked ahead to Friday’s annual U.S. Agriculture Department […] Read more
U.S. livestock: CME live cattle futures top two-week highs
Chicago lean hog futures ease
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped another two-week high on Tuesday before finishing slightly firmer, while lean hog futures ended lower. Technical buying helped support gains in cattle, as the market has rebounded after nearing a two-month low last week, brokers said. A smaller U.S. cattle herd is also supportive […] Read more
U.S. livestock: CME live cattle exceed two-week highs in rebound
Lean hogs up off last week's lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger and touched their highest prices in more than two weeks on Monday as livestock markets recovered from recent losses, analysts said. The Dow and S+P 500 also ended higher, after turmoil in the banking sector recently weighed on equity and commodity markets. Cattle […] Read more
U.S. grains: Chicago grains up on U.S. planting uncertainty
Hard wheats 'leading the way'
Mexico City | Reuters — Chicago corn futures reversed losses to close higher on Monday on concerns about U.S. planting delays, and wheat and soy also made gains. Corn made its comeback later in the session as traders speculated on weather conditions and planting schedules for springtime crops as cold temperatures linger in the northern […] Read more
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