Chicago | Reuters — Chicago Board of Trade wheat futures fell to life-of-contract lows on Friday, pressured by disappointing weekly export sales data and ample global supplies, analysts said. Corn and soybeans futures followed wheat lower, bucking support from strength in crude oil and a weaker dollar, which tends to make U.S. grains more competitive […] Read more
U.S. grains: Wheat falls to contract lows on export data
U.S. livestock: Fund buying rallies CME lean hog futures
Chicago | Reuters — Chicago Mercantile Exchange lean hogs settled higher on Wednesday, with support from fund buying and short-covering before the U.S. Thanksgiving Day holiday, traders said. CME livestock markets will be closed for Thursday’s holiday, but resume on Friday at 8:30 a.m. CT and close early at 12:15 p.m. CT. December hogs ended […] Read more
CBOT weekly outlook: Soybeans excite ahead of holiday
CNS Canada — While corn futures sat quietly this week on the Chicago Board of Trade (CBOT), soybean futures were another story ahead of the U.S. Thanksgiving weekend. On Tuesday, “there was a lot of talk that Argentina was going to have some very good rains; the (soybean) market was understanding of that,” said Steve […] Read more
U.S. livestock: CME live cattle rebound on cash, beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday’s losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday’s short live cattle futures long hog spreads, they said. December live cattle […] Read more
CBOT weekly outlook: Investors look for quick buys in corn
CNS Canada — Pressure continues to build on the Chicago Board of Trade corn market but there could be a glimmer of hope as traders look for places to park money ahead of next week’s U.S. Thanksgiving Day holiday. “I think people are looking for a place to buy the market here in a short-term […] Read more
U.S. livestock: Hogs, cattle firm on pre-holiday technical buying
Chicago | Reuters — U.S. lean hog futures gained one per cent on Wednesday while live and feeder cattle each rose modestly, boosted by technical buying and good demand from meat packers ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Chicago Mercantile Exchange December lean hogs notched a two-month high, before finishing just below […] Read more
U.S. livestock: CME live cattle finish mostly firmer
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents (all figures US$). February ended up 0.225 cent […] Read more
Poultry, eggs from seven U.S. states still blocked at border
While the U.S. has declared itself free of high-path avian flu, Canada is still warning cross-border travellers not to bring in poultry or eggs from seven previously affected states. The Canada Border Services Agency (CBSA) on Thursday — a.k.a. Thanksgiving Day in the U.S. — rolled out a statement to remind travellers that Canada’s restrictions […] Read more
CBOT weekly outlook: Corn, soy seek direction
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but both commodities remain rangebound overall and looking for an outside spark to push values significantly one way or the other. January soybeans moved above their 20-day moving average on Wednesday, which triggered some additional […] Read more
U.S. livestock: Lean hogs hit three-week high as cash prices stabilize
Chicago | Reuters — U.S. lean hog futures jumped as much as two per cent on Wednesday, lifted by stabilizing cash prices and ideas the market may have bottomed out after hitting six-year lows earlier this month. Live cattle futures and feeder cattle also were higher in light-volume trading at the Chicago Mercantile Exchange ahead […] Read more
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