Chicago | Reuters — Live cattle futures eased and feeder cattle tumbled to June lows at the Chicago Mercantile Exchange on Thursday as poor margins for U.S. beef processors limited demand for livestock, brokers said. A marketing-year low in weekly U.S. beef export sales also hung over the market. Meat companies are grappling with tight […] Read more
U.S. livestock: CME cattle sag on packer margins, beef export sales
December lean hogs turn slightly lower
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more
CBOT weekly outlook: Corn rangebound, soybeans rising, wheat erratic
Chicago wheat fluctuation 'just drives you nuts'
MarketsFarm — While soybean futures at the Chicago Board of Trade have moved higher over the past week, corn was rangebound and wheat lacked any clear direction in choppy trade, making it hard to predict where values may go from here, according to Scott Capinegro of Barrington Commodities in Barrington, Ill. Capinegro said the December […] Read more
U.S. livestock: CME cattle futures mixed as packer margins stay in red
December lean hogs up off Tuesday's contract low; deferred months lower
Chicago | Reuters — Chicago Mercantile Exchange cattle futures were mixed on Wednesday, as beef packer margins stayed in the red and cash cattle prices were expected to be steady to higher, traders said. Hog futures were also mixed on the day. February and May lean hog futures dipped to new contract lows on sluggish […] Read more
U.S. grains: Wheat firms on bargain buying, corn follows suit
Soybeans hit three-week high
Chicago | Reuters — Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday, with corn futures following, traders said. Wheat futures also gained a mid-session boost on rekindled market speculation that India, a leading wheat producer, may be tight on supplies. India raised the price at which it […] Read more
Klassen: Ontario demand sets the price structure for calves
Corn in Ontario at $232/tonne, U.S. corn in southern Alberta at $315
For the week ending Oct. 14, western Canadian yearling prices were steady to $4 higher compared to a week earlier. Calves in the range of 500 to 800 pounds traded $4-$6 lower in Alberta. However, in eastern Saskatchewan and in Manitoba, calves in this weight category were relatively unchanged compared to the previous week. In […] Read more
U.S. grains: Soybeans hold firm with harvest, domestic demand in focus
Corn eases as harvest watched, wheat retreats from two-week high
Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group […] Read more
U.S. livestock: CME cattle futures rise on supply concerns
Chicago lean hogs slump
Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Tuesday, amid ongoing concern over animal weights shrinking and a steady stream of heifers being sent to slaughter, traders said. Rising cash cattle prices also gave the beef market a boost on the day, traders said. The U.S. Department of Agriculture said meat processors […] Read more
Fund short position grows in canola
Funds shift to net short in CBOT soybeans
MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola […] Read more
U.S. grains: Wheat down off two-week high on global demand
U.S. says soybean harvest is 62 per cent complete
Chicago | Reuters — Chicago Board of Trade wheat futures ended lower on Monday after rising earlier to their highest level in more than two weeks on hopes for global demand. Corn futures also eased as traders monitored the U.S. harvest, while gains in soyoil futures helped lift the soybean market, analysts said. After trading […] Read more
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