Chicago | Reuters – Chicago soybeans futures hit a two-week high on Wednesday as hot and dry weather in parts of the U.S. Midwest through early August threaten to degrade conditions during a crucial soybean plant development phase. Wheat eased as an agreement to reopen Ukrainian maritime grain exports moved forward, despite recent missile attacks […] Read more
U.S. grains: Soybeans rally as U.S. forecast turns hot, dry
U.S. grains: Corn, soybeans climb as U.S. crop ratings drop
Chicago | Reuters – Chicago corn and soybean futures prices rallied on Tuesday as hot, dry conditions threatened both crops. Wheat climbed on concerns over implementation of an agreement to open a corridor for Ukrainian grain exports, following a Russian missile strike on the Ukrainian port of Odesa over the weekend. The most-active corn contract Cv1 on the Chicago […] Read more
U.S. livestock: Gains in cattle futures limited by smaller cattle on feed placements
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Monday as drought conditions across the U.S. Southern Plains continue to degrade grazing land, though gains were limited by smaller-than-expected declines in feedlot placements, analysts said. Ranchers have been pushing cattle into feedlots at higher rates as parched grassland struggles to support herds, […] Read more
U.S. grains: Wheat firms after Russian strike threatens Ukraine export deal
Chicago | Reuters – Wheat prices rallied on Monday after a Russian missile strike on the Ukrainian port of Odesa over the weekend raised doubts about implementation of last week’s agreement to open a corridor for grain exports from Ukraine. Soybean and corn futures followed wheat, supported by forecasts for hot, dry weather across parts […] Read more
U.S. grains: Wheat falls on harvest pressure, firmer U.S. dollar
Hot Midwest spell raises early concerns about corn, soy yields
Indianapolis | Reuters — Chicago wheat futures fell on Friday, erasing gains earlier in the week as harvest pressure weighs and a firmer dollar limits export business, traders said. Corn inched higher, finding a fresh one-month high, supported by hot weather in the U.S. Midwest that could threaten crops, while soybeans traded near even heading […] Read more
U.S. livestock: CME live cattle mixed on uncertain consumer demand
Export strength supports lean hogs
Indianapolis | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with nearby contracts firming, while the most-active cattle futures eased pressured by inflationary concerns, though markets remain underpinned by tight cattle supplies across much of the U.S. Plains, analysts said. “The weakness comes from the uncertainty of the economy – how […] Read more
U.S. grains: Wheat jumps on weaker U.S. dollar
Midwest heat lifts corn, soy
Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more
Fifth-generation cattle rancher aims to build biggest U.S. beef plant
Chicago | Reuters — A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day. The US$1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, […] Read more
U.S. livestock: CME live cattle firm on strong demand
Lean hogs mixed near unchanged
Chicago | Reuters — Chicago Mercantile Exchange Group live cattle futures firmed on Thursday, supported by steady cash prices across the U.S. Plains, as well as strength in consumer beef demand, despite inflationary forces, analysts said. “The feeling two, three weeks ago was that beef demand wasn’t that good and was going to really start […] Read more
U.S. grains: Wheat firms after earlier slide
Corn struggles to regain; soy firm
Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol […] Read more
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