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Tag Archives futures


Photo: Getty Images
Markets, Reuters

U.S. grains: Corn, soybeans touch new multi-year lows on grain glut worries

Easing heat wave in Argentina tempers crop worries

By P.J. Huffstutter, Reuters, GFM Network News February 7, 2024
Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.

(Photo courtesy Canada Beef Inc.)
Markets, Reuters

U.S. livestock: Cattle futures lower, hogs mixed on technical trading

Traders expect this week's prices in cash market to be higher than last week

By P.J. Huffstutter, Reuters, GFM Network News February 7, 2024
Chicago Mercantile Exchange cattle futures turned lower on profit-taking on Wednesday, even as rising wholesale beef prices and a firming cash market continued to offer support to the market, traders said.


CBOT soybeans ZSH24 on Feb. 6 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soybeans firm on bargain-buying ahead of USDA report

Wheat futures rose while corn ended lower on forecasts for rain in Argentina

By Karl Plume, Reuters, GFM Network News February 6, 2024
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.

Photo: File
Livestock, Markets

Klassen: Canadian feeder market jumps on USDA data

The U.S. cattle herd reached lowest head count since 1950s, trade anticipates heifer retention

By Jerry Klassen, GFM Network News February 6, 2024
For the week ending February 2, Western Canadian feeder cattle prices were up $6/cwt to $12/cwt from seven days earlier. Certain pockets of Western Canada had grass cattle trading $12/cwt to as much as $20/cwt above the previous week.


CBOT soybeans ZSH24 on Feb. 5. (Barchart)
Markets, Reuters

U.S. grains: Soybeans move higher on technical trading ahead of government reports

Strong dollar weighed heavy on wheat; corn pressured by sluggish exports

By P.J. Huffstutter, Reuters, GFM Network News February 5, 2024
Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.

U.S. livestock: CME cattle futures turn lower on profit-taking
Markets, Reuters

U.S. livestock: CME cattle futures turn lower on profit-taking

Lean hogs also turn lower after recent rally faced fundamental resistance

By P.J. Huffstutter, Reuters, GFM Network News February 5, 2024
Chicago Mercantile Exchange cattle futures ended the day lower on Monday, as market participants sought to take profits after live cattle futures hit a nearly three-month high in the previous session, traders said.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Soybeans slide on disappointing US export data; corn also down

Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes

By Julie Ingwersen, Reuters, GFM Network News February 1, 2024
U.S. soybean futures fell about 1.5 per cent on Thursday on disappointing weekly U.S. export sales data coupled with strong competition from Brazil, where the soy harvest is expanding, traders said.

(Medioimages/Photodisc/Getty Images)
Markets

CBOT weekly outlook: Downturn continues for grains

Early harvest reports from South America could affect prices

By Adam Peleshaty - MarketsFarm, GFM Network News February 1, 2024
March grain futures at the Chicago Board of Trade (CBOT) were in decline during the week ended Jan. 31 despite receiving a boost on Jan. 30.


Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows

South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices

By Julie Ingwersen, Reuters, GFM Network News February 1, 2024
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.

CBOT corn ZCH24 on Jan. 30 with 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows

Wheat followed the firm trend, bouncing after a slide to one-week lows

By Julie Ingwersen, Reuters, GFM Network News January 30, 2024
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.


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