Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But […] Read more
U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks
Chicago corn also rallies
U.S. livestock: Cash market strength boosts hog futures
Cash cattle values also boost live cattle
Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Tuesday, rallying to keep pace with recent gains in the cash market. The cash market strength stemmed from continued good demand even as the traditional U.S. grilling season draws to a close with the weather turning cooler. “There’s […] Read more
U.S. grains: Wheat futures jump on weather woes
CBOT corn flat, soy firm
Chicago | Reuters — U.S. wheat futures rallied on Monday with K.C. hard red winter wheat hitting a two-year high on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in the wheat market while soybeans closed firm on […] Read more
U.S. grains: Corn, soy firm after four days of losses
Chicago wheat futures weak
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, bouncing back from four straight days of declines on a mild round of bargain buying, traders said. But wheat futures weakened, weighed down by a firm dollar, which makes U.S. supplies more expensive to overseas buyers. Soybeans fell 4.1 per […] Read more
U.S. livestock: Hog futures rise on export hopes
CME cattle futures weaken
Chicago | Reuters — U.S. hog futures rose 1.7 per cent on Friday, with the market shrugging off bearish supply data on hopes that exports would remain strong, traders said. “At a time when we are nearing our fourth-quarter peak in supply, the market is highly focused on the belief that export sales are running […] Read more
U.S. grains: Harvest pressure weighs on corn, soybeans
CBOT wheat futures firm
Chicago | Reuters –– U.S. corn and soybean futures dropped to their lowest in more than a week on Thursday, with investors locking in gains made from a recent rally as combines rolled across key production areas of the Midwest, traders said. “The grains appear to be in full-on profit-taking mode this week as the […] Read more
U.S. grains: Wheat, corn, soy fall as dollar rises
U.S. harvest accelerates, adding pressure
Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.8 per cent on Wednesday, pressured by a firm dollar that traders said was depressing already weak overseas demand for U.S. supplies. “We are still not getting the export demand,” said Mark Schultz, chief market analyst at Northstar Commodity. “There is plenty of wheat […] Read more
U.S. grains: Wheat, soy, corn fall sharply on fund selling
'It is basically risk-off across the board'
Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures plunged on Monday as concerns about fresh coronavirus-driven lockdowns due to rising global case counts sparked a wave of risk-off trades. The grains, led by a 3.7 per cent drop in wheat that marked its biggest daily percentage decline since August 2019, […] Read more
U.S. grains: Soy up for fifth day on weather concerns
Exports support CBOT corn
Chicago | Reuters — Chicago Board of Trade soybean futures rose for the fifth day in a row on Friday, closing near a 7-1/2-month high on persistent concerns that the U.S. crop will fall short of expectations, traders said. Corn futures closed firm, shrugging off early weakness due to strong export demand while wheat futures […] Read more
U.S. livestock: Cattle futures down again
CME lean hog futures also weaker
Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened on Friday in anticipation of a seasonal demand slowdown following the Labour Day holiday, traders said. The losses in the futures market stemmed from weekly declines in the cash markets. CME benchmark October live cattle fell 1.25 cents to close at 104.9 cents/lb., […] Read more
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