Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Monday as the market pulled back slightly from life-of-contract highs set last week. The markets remain near their peaks as tight U.S. cattle supplies continue to fuel supply concerns. CME October live cattle futures settled 0.1 cent down at 186.975 cents/lb., […] Read more
U.S. livestock: CME live cattle slip, but stay near recent highs
December hogs up off three-week low
U.S. livestock: CME cattle up on bargain-buying, tight supplies
Hogs down in profit-taking
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Friday on tight U.S. cattle supplies and bargain-buying a day after the benchmark December contract hit a one-week low, traders said. CME October live cattle futures settled up 2.1 cents at 187.075 cents/lb. and most-active December ended up 1.85 cents […] Read more
Funds flip back to net short in canola
Trade remains net long in soybeans, for now
MarketsFarm — The overall fund position in ICE Futures canola flipped from a net long to a net short during the week ended Tuesday, marking the first net short position in the commodity in just over two months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more
U.S. grains: Soybeans end up in bounce from one-month low
Chicago wheat, corn futures firm
Reuters — U.S. soybean futures rose on Friday in a light technical rebound from six-week lows while corn and wheat also ticked higher on bargain-buying, but gains in all three markets were limited by a strong U.S. dollar, analysts said. Chicago Board of Trade (CBOT) November soybeans settled up 2-1/2 cents at $12.96-1/4, bouncing after […] Read more
U.S. livestock: December hogs limit-down on pork prices, macroeconomic fears
Cattle futures follow hogs, equities lower
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange tumbled on Thursday as a drop in wholesale pork prices coupled with worries about the global economy sparked a round of profit-taking, analysts said. Livestock futures, grains and Wall Street equity markets all declined on Thursday as the U.S. dollar set a six-month […] Read more
U.S. grains: Soybeans fall to one-month low on export woes
CBOT corn, wheat end down
Chicago | Reuters — U.S. benchmark soybean futures fell below US$13 a bushel on Thursday for the first time in a month while corn and wheat futures held near multi-year lows on downbeat weekly export sales, an expanding U.S. harvest and economic worries, analysts said. Chicago Board of Trade November soybeans settled down 26-1/4 cents […] Read more
ICE weekly outlook: Which way will canola go?
Basis levels have recently improved
MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
CBOT weekly outlook: Funds getting out of soybeans
Potential for U.S. government shutdown a concern
MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
U.S. livestock: CME cattle end firm, consolidate below recent highs
Hogs up on discount to cash price index
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday as the market consolidated just below life-of-contract highs touched a day earlier. Tightening U.S. cattle supplies remain a supportive backdrop to the market, but fresh bullish news was lacking, traders said. Wholesale beef prices fell, extending a seasonal slide dating from […] Read more
U.S. grains: Corn futures extend bounce from multi-year low
CBOT wheat, soybeans end firm
New York | Reuters — Chicago corn futures ended higher on Wednesday, extending a rebound from this week’s near three-year lows, while wheat climbed on a pickup in global export business and soybeans followed grain prices higher. Benchmark Chicago Board of Trade (CBOT) corn climbed six cents, or 1.26 per cent, to settle at $4.82-1/4 […] Read more
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