Chicago | Reuters — U.S. wheat futures fell on Wednesday, dragged lower by a firmer dollar that threatened to make U.S. supplies less competitive on the export market, traders said. Corn futures steadied after sinking to their lowest in two months early in the day, with bearish harvest expectations limiting any rally attempts. “Corn recovered […] Read more
U.S. grains: Wheat futures fall, soybeans rise, corn flat
U.S. slashes corn, soybean, wheat harvest forecasts
Chicago | Reuters – The U.S. government slashed its outlook for domestic corn production by 2.7 percent and its soybean harvest view by 1.5 percent on Thursday as dry soils in key western growing areas cut into the potential for a bumper harvest. The dry conditions also hampered U.S. wheat production, which was forecast at […] Read more
U.S. grains: CBOT wheat snaps winning streak
Chicago corn, soybeans also fall
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 2.6 per cent on Thursday, snapping a six-session streak of gains as traders locked in profits from the rally. Soybean futures were down two per cent, with the latest weather forecasts showing that some timely rains will arrive in key growing […] Read more
U.S. grains: Winter wheat futures up sixth straight day
MGEX spring wheat falls
Chicago | Reuters — U.S. winter wheat futures rose for the sixth day in a row on Wednesday as adverse weather in key exporting countries raised supply concerns, traders said. Corn futures were steady to firm, with the front-month contract ending flat while new-crop offerings rose on support from dry soils that threatened to hamper […] Read more
U.S. grains: Soybeans, wheat fall
CBOT corn ends slightly firm
Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more
U.S. livestock: Hogs drop as domestic, export demand seen weak
CME August cattle futures up
Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Thursday as traders priced in expectations for waning demand after the U.S. Independence Day holiday this weekend. Signs of poor demand from China, which has been a big buyer of U.S. pork since an outbreak of African swine fever decimated production in the […] Read more
U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains
MGEX September wheat also climbs
Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more
U.S. livestock: Hog futures firm on technical buying
Cattle futures up ahead of USDA placements report
Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Friday, supported by technical buying after sagging to their lowest in nearly three months on Thursday, traders said. CME August hog futures, the most actively traded contract, ended up 1.075 cents at 99.775 cents (all figures US$). The wholesale U.S. pork carcass cutout price […] Read more
U.S. grains: Court ruling, rains pressure corn, soy
CBOT wheat down, MGEX spring wheat up
Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more
U.S. grains: Soybean futures fall after rain
Chicago corn, wheat futures both mixed
Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities. […] Read more
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