Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied to five-year highs on Thursday, as cuts to Argentina’s wheat outlook brought into focus the potential global supply damage possible due to dryness in top wheat producing countries, trader said. Corn followed wheat, climbing to 14-month highs and soybeans ended higher as exports continue. The most-active wheat […] Read more
Author Archives
U.S. grains: Wheat soars to five-year high
Corn hits 14-month high; soybeans up slightly on Chinese buying
U.S. livestock: Lean hog futures climb to more than 10-month high
Live cattle lower on new lockdown concerns for beef demand
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on Thursday soared to their highest prices in more than 10 months, as meat demand continued to strain processor capacity and COVID-19 cases are rising in the United States, traders said. Thursday’s daily U.S. hog slaughter was 490,000 head — 2,000 fewer than the same period last […] Read more
U.S. livestock: Lean hogs up on lower-than-expected inventory
CME live cattle follow cash cattle lower
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
U.S. grains: Soybeans up on Chinese buying, Brazil weather
Chicago corn, wheat end higher after mixed day
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Wednesday, supported by renewed exports and dryness in top exporter Brazil, traders said. Corn and wheat futures ended higher after trading both sides of even as markets digested conflicting indicators. The most active soybean contract on the Chicago Board of Trade gained 12-1/4 cents to $10.56-1/4 […] Read more
U.S. grains: Soybeans rebound from prior day’s plunge
Wheat flat as stronger dollar offsets dryness concerns; corn up on exports to Mexico
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose on Tuesday, a day after the market’s largest drop in six months slowed a rash of farmer selling, traders said. Chicago wheat futures rose slightly but were capped by a strong U.S. dollar, while CBOT corn gained on fresh export sales to Mexico. CBOT November soybeans closed […] Read more
U.S. livestock: Cattle futures rebound on wholesale strength
Softening cash market drags on hog futures
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
U.S. grains: Soybeans fall as harvest pressure fills bulls’ void
Corn follows soybeans lower; wheat ends slightly higher
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped sharply on Monday, as harvest pressure pushed the market lower, traders said. Corn followed soybeans lower, while wheat ended slightly higher on concerns that dryness across the U.S. Great Plains might limit winter wheat growth. Chicago Board of Trade most-active soybeans fell 31-3/4 cents to $10.33-3/4 per […] Read more
U.S. livestock: Futures slip on seasonal pressure
Slaughter backlogs remain a drag on live cattle
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures fell 1.525 cents, to 108.35 […] Read more
U.S. grains: Soy lower as harvest pressure overshadows buying
Egypt buys Russian wheat at international tender
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures ended lower on Tuesday, retreating from early strength as pressure from the expanding U.S. harvest outweighed support from continued soy sales to China and strength in soymeal futures, traders said. Corn futures drifted lower on strong U.S. crop ratings and promising Midwest harvest weather, but wheat gained on […] Read more
U.S. livestock: Live cattle slide ahead of USDA report
Lean hogs pull back from gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking and positioning ahead of the U.S. Department of Agriculture’s Cattle on Feed report, released after the markets closed. CME lean hog futures also ended lower, correcting after two days of positive movement, as optimism over rising hog slaughter rates strengthened […] Read more
Farmtario is committed to providing information that matters to farmers in Ontario. Backed by leading and experienced farm journalists and content creators, Farmtario is a new source of insights for farming in Ontario including news, crop and livestock production, markets and ag tech. Receive your free eNewsletter today!