New York | Reuters — Chicago soybean futures rose on Tuesday, rebounding sharply from early losses on lift from technical trading and data showing a pickup in exports of the U.S. oilseeds. Corn prices weakened, and wheat futures fell sharply. The most-actively traded Chicago Board of Trade soybean contract rose 0.6 per cent to $12.71-1/2 […] Read more
U.S. grains: Soybeans lifted by bright report on export demand
CBOT wheat down sharply, corn also lower
Klassen: Steam evaporates off yearling market
August 2024 feeder futures at a premium
Compared to last week, western Canadian yearling markets traded steady to $4 lower. The yearling quality continues to fade as thicker flesh levels are starting to appear. Steer calves were down $4-$8 on average while heifer calves were down $15 to as much as $20 in some cases. From a seasonal perspective, the calf market […] Read more
U.S. livestock: Cattle, hogs down as Middle East war sparks risk-off selling
Smithfield to shut Charlotte, N.C. plant
Chicago | Reuters — Chicago Mercantile Exchange cattle futures retreated on Monday while lean hog futures fell for the first time in four sessions, pressured by risk-off selling as violence erupted in the Middle East over the weekend and riled global markets. The bloodiest fighting in years between the Palestinian Islamist group Hamas and Israel […] Read more
U.S. grains: Corn falls, soy eases as focus moves to U.S. harvest
Chicago wheat closes higher
New York | Reuters — Chicago corn and soybean futures fell on Monday on an acceleration in the pace of the harvest in the U.S. Midwest, reversing overnight gains triggered by worries about the conflict in the Middle East. The most actively traded corn futures contract on the Chicago Board of Trade (CBOT) settled down […] Read more
U.S. grains: Soy, corn futures fall as harvest accelerates
CBOT December wheat turns lower
New York | Reuters — Chicago soybean and corn futures fell on Friday due to profit-taking after the previous day’s rally and forecasts of favourable harvest weather this weekend. Wheat futures also dropped as concerns ebbed about shipping grain through the Black Sea. The most-active Chicago Board of Trade (CBOT) soybean futures fell 1.2 per […] Read more
U.S. livestock: CME hog futures rise for third day in a row
Cattle futures turn higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday, extending a rally that was sparked by a strong export sales report a day earlier, traders said. A round of short covering was noted as prices moved off of the four-month lows hit on Wednesday. Cattle futures also were firm. The most-active […] Read more
U.S. grains: Chicago wheat rises on Black Sea tensions
Corn at one-month high; soybeans also up
Reuters — Chicago wheat futures rallied on Thursday, boosted more than three per cent on reports of new tensions in the Black Sea region. Corn futures hit a one-month peak, breaking out of a recent range holding above a key technical level, and soybeans rose modestly despite lacklustre export demand. A Turkish-flagged general cargo ship […] Read more
U.S. livestock: CME hogs rally, export sales in focus
Cattle futures turn lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
ICE weekly outlook: Canola looking for a spark
Recent declines in crude oil, diesel seen as bearish
MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI […] Read more
CBOT weekly outlook: Harvest pressure weighing on prices
'No heavy concerns about supply in general'
MarketsFarm — As harvests of soybeans, corn and spring wheat advanced in the United States, trader John Weyer of Walsh Commercial Hedging Services said the pressure on those commodities was going to continue over coming weeks. “We might test some technical levels, see some selloffs a bit and get some of it back. It’s going […] Read more
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