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Crops, Markets

U.S. grains: Soy, corn slump on crop weather, economic concerns

U.S. Midwest sees generally mild temperatures

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Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more
Livestock, Markets

U.S. livestock: Cattle, hog futures down on big supplies, economic jitters

Surge in U.S. COVID-19 cases rattles Wall Street

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures eased on Wednesday and hog futures were mostly lower on ample livestock supplies and concerns about rising coronavirus infections and their negative impact on the economy. Wall Street’s three major indexes tumbled on Wednesday and crude oil plunged more than five per cent as a surge in U.S. […] Read more
Livestock, Markets

U.S. livestock: Futures rise as frozen meat stocks decline

Exporters drew down stored supplies during packer slowdowns

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures firmed on Tuesday following two sessions of declines after U.S. Department of Agriculture (USDA) data showed a larger-than-anticipated decline in cold-storage stocks of pork and beef. The USDA stocks report, released after the close on Monday, showed a record-large drop in U.S. frozen pork inventories in […] Read more
Crops, Markets

U.S. grains: Corn drops to three-week low

Soybeans ease despite crop rating fall as China news weighed

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s […] Read more
Livestock, Markets

U.S. livestock: Hog futures drop as China tightens food import restrictions

USDA report bearish on cattle futures

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday it had suspended poultry imports […] Read more
Crops, Markets

U.S. grains: Corn falls on good crop weather

Chinese demand for U.S. farm products underpinning markets

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer […] Read more
Livestock, Markets

U.S. livestock: Cattle futures end lower ahead of weekend

CME lean hogs mostly up

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures retreated on Friday in a profit-taking and technical selling setback ahead of the weekend amid weakening beef prices and concerns about lower-than-normal summer demand as much of the economy remains partially closed. Lean hog futures clawed back earlier losses to end mostly higher as an early drop […] Read more
Livestock, Markets

U.S. livestock: Lean hogs lower on China tensions

CME live cattle futures mostly higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened China with sanctions over its […] Read more
Crops, Markets

U.S. grains: Corn, wheat up as weather, currency spark short-covering

Hong Kong row tempers hopes of China demand for U.S. soy

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped on Thursday to a five-week high as a weaker dollar, forecasts for hotter, drier weather in the Midwest corn belt and a further rebound in ethanol production triggered bargain buying and short-covering by managed funds. Wheat futures also rallied on expanding dryness across the Plains wheat belt […] Read more
Crops, Markets

U.S. grains: Soybeans firm on slowed planting progress

Wheat rangebound as Northern Hemisphere weather watched

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more disruptive weather lifted prices to two-week highs, although technical selling kept a lid on gains. Corn also edged higher after the U.S. Department of Agriculture (USDA) reported slower-than-anticipated planting in a weekly crop […] Read more

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