Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short […] Read more
U.S. livestock: Lean hogs limit-down off highest in nearly seven years
Follow-through selling drags on live cattle
U.S. grains: Corn futures rally on export strength
Chicago wheat, soybeans rise
Chicago | Reuters — U.S. corn futures rose 1.9 per cent to a one-week high on Monday, recovering from overnight weakness after a U.S. government report showed that export demand for the grain remained high. Soybean and wheat futures also were firm after trading in negative territory during the overnight session. A weekly U.S. Agriculture […] Read more
U.S. livestock: Cattle futures rise, hog futures weaken
Demand expected to rise on re-openings
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Monday supported by expectations of souped-up demand as economies begin to fully re-open after shutdowns related to COVID-19. “Cattle futures continue to price in better days ahead and the technical picture looks improved as well,” brokerage StoneX said in a statement. The most-active June […] Read more
U.S. grains: Profit taking pressures wheat, corn, soybeans
Warmer spell also drags on winter wheat futures
Chicago | Reuters — Chicago Board of Trade wheat futures slid 2.8 per cent on Friday, their second straight day of declines, on a profit-taking setback as warming weather in the U.S. reduced the threat of damage to the dormant crop, traders said. Corn and soybean futures also were weaker but closed well above session […] Read more
U.S. livestock: Hog futures drop on end-of-month profit taking
Live cattle book biggest one-day drop since November
Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more
U.S. livestock: Hogs firm on follow-through buying, cash strength
U.S. beef export sales down on week
Chicago | Reuters — Chicago Mercantile Exchange live hog futures rose for the fourth day in a row on Thursday, hitting its highest since May 2019 on follow-through buying after rising the daily trading limit on Wednesday, traders said. Strength in the cash market also supported hog prices but the market closed off its high […] Read more
U.S. grains: Weak export sales report pushes soy, wheat lower
Weekly corn exports slip to eight-month low
Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker […] Read more
U.S. grains: Brazilian storms push U.S. corn, soy futures higher
Cold-weather concerns support wheat
Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as storms in major production areas of Brazil disrupted fieldwork, threatening to slow export shipments from one of the world’s major suppliers, traders said. “Very heavy rains remain in the forecast for Brazil’s northern soybean belt, where farmers are trying to harvest this […] Read more
U.S. livestock: Hog futures limit-up to highest since May 2019
Cattle futures bounce on bargain buying
Chicago | Reuters — U.S. lean hog futures rose their daily limit on Wednesday, hitting their highest in nearly two years on tight frozen stocks and expectations for strong Chinese demand, traders said. The U.S. Agriculture Department’s cold storage report issued on Tuesday afternoon fueled buying on Wednesday. “Belly and trim stocks are at four-year […] Read more
U.S. grains: CBOT soy, corn rise on weather delays in Brazil
Chicago May wheat settles firm
Chicago | Reuters — U.S. soybean futures surged 1.6 per cent on Tuesday to their highest in more than five weeks on expectations that a slow harvest in Brazil will add further stress to the already tight supply situation in the United States, traders said. Corn futures also were strong, hitting a two-week high as […] Read more
Cyber-Savvy Farmer
