Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled to multi-week lows on Wednesday as losses in U.S. stocks and fears about a banking crisis spilled into livestock markets, analysts said. The Dow and S+P 500 closed lower as problems at Credit Suisse piled more pressure on the banking sector. Declines in equities hit […] Read more
U.S. livestock: CME cattle set multi-week lows as bank selloff hits Wall Street
April hogs, feeder cattle also lower
U.S. grains: Wheat, corn rally from multi-month lows
Ukraine corridor talks eyed
Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances […] Read more
U.S. livestock: CME cattle, hogs decline amid demand worries
April feeder cattle lowest since March 3
Chicago | Reuters — Chicago Mercantile Exchange livestock markets ended lower again on Tuesday, with cattle and hog futures easing on demand concerns, analysts said. Front-month feeder cattle futures hit their lowest price since March 3, extending a retreat from a 2015 high reached last week. Front-month live cattle, meanwhile, touched a three-low on Monday. […] Read more
U.S. livestock: CME live cattle hit one-month low on profit-taking
Hogs, feeder cattle also lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest price in more than a month, while feeder cattle sank below a one-week low on Monday on profit-taking following recent rallies, brokers said. Feeder cattle closed lower for the third consecutive session after the front-month contract touched a 2015 high last […] Read more
U.S. grains: Wheat slightly rebounds; corn, soy dip
Market volatility over banking sector hits grains prices
Chicago | Reuters — Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active corn and soybean contracts closed weaker, while wheat rebounded slightly after finishing last week at a 20-month low. Grains prices gyrated throughout the day as […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Moscow says sanctions have created barriers for its exports
Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials […] Read more
U.S. grains: Wheat, corn get boost off weaker dollar after multi-month lows
Expectations grow for Black Sea deal extension
Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. The markets recovered after a week that saw expectations for an extended Black Sea export deal and a lower U.S. government estimate for corn export […] Read more
U.S. livestock: CME feeder cattle retreat as corn prices rise
Live cattle also lower, lean hogs up
Chicago | Reuters — Feeder cattle futures on Friday extended a setback from 2015 highs the front-month contract reached this week, as rising corn prices temporarily dampened expectations for cheaper livestock feed, analysts said. Corn futures ended higher on the Chicago Board of Trade after sliding earlier to a seven-month low. Feed is generally the […] Read more
U.S. grains: Chicago corn dampened by prediction of El Nino rain
Black Sea export deal hopes drag wheat to 18-month low
Chicago | Reuters — Chicago corn futures hit their lowest price since August on Thursday on expectations that the El Nino climate phenomenon could boost U.S. crops and concerns about rising interest rates. La Nina has ended, the National Weather Service’s Climate Prediction Center said on Thursday, and El Niño could possibly form during summer […] Read more
U.S. livestock: CME feeder cattle pull back
CME lean hogs end day mixed
Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange on Thursday ended lower on Thursday as the front-month contract pulled back from its highest prices in nearly 7-1/2 years. Traders took some profits after futures rallied recently on falling corn prices, brokers said, adding that continued declines in the corn market could […] Read more
Cyber-Savvy Farmer
