U.S. cattle futures rose Friday over improved optimism that lawmakers would work through budget differences and traders awaited the U.S. Department of Agriculture’s October cattle-on-feed report. Livestock futures also have been finding support from declining Chicago (CBOT) corn and soymeal, which will lower feed costs. Corn turned firm late on Friday but is still down […] Read more
U.S. cattle futures gain, hog futures firm
U.S. cattle down on weak beef; hogs fade
U.S. live cattle futures ended down on Thursday on pressure from weak cash cattle and wholesale beef markets, and feeder cattle fell on signs feed costs may again be rebounding, analysts and traders said. "Cattle were technically weak and I think fundamentals are weak but I’m bearish so let’s just say it’s choppy," said Jim Clarkson, […] Read more
U.S. grains decline on tepid export sales
U.S. soybean futures fell on Thursday, reversing three days of gains, while corn dropped more than one per cent on tepid U.S. export sales and mounting concerns about weak demand. Wheat was down one per cent, posting its biggest loss in two weeks, and on the heels of Wednesday’s nearly two per cent rally in […] Read more
U.S. wheat rises on Ukraine’s move to halt exports
U.S. wheat futures rose nearly two per cent on Wednesday, the biggest rally in two weeks, as Ukraine banned wheat exports from Nov. 15 in a move that could shift demand to the United States. Chicago Board of Trade (CBOT) wheat surged when the benchmark December contract broke above chart resistance at its 50-day moving […] Read more
U.S. grain futures ease on macroeconomic issues
U.S. grain futures eased Tuesday, pressured by a stronger dollar and lower equities amid renewed concerns about the global economy, with wheat dropping one per cent, reversing four days of gains. Soybeans fell early in the day but later bucked the broad-based commodities selloff and ended up for the second consecutive trading session. "The cash […] Read more
U.S. live cattle up as placements tumble
U.S. live cattle futures closed higher on Monday following Friday’s U.S. Department of Agriculture’s (USDA) cattle-on-feed report that showed cattle placed in feedlots in September at a 16-year low, analysts and traders said. Feeder cattle futures were lower on waning demand for young cattle due to the lack of profit in the feeding business and […] Read more
U.S. soybeans fall, wheat pares gains on macro worries
U.S. soybean futures fell 0.7 per cent on Friday, halting a three-day rally, while wheat and corn pared early gains as fears about the health of the global economy prompted investors to exit riskier assets. General Electric and McDonald’s earnings disappointed and a perceived lack of progress on a Spanish bailout request reminded investors of […] Read more
U.S. soy jumps as U.S. harvest winds down
U.S. soybean futures soared two per cent on Thursday to post their biggest one-day advance in a month, notching gains for the third day in a row on strong cash basis markets, slow farmer selling and waning harvest of the country’s 2012 crop. Soybeans have gained more than one per cent for the week and […] Read more
U.S. soy gains as dollar stays under pressure
U.S. soybean futures reversed three days of declines on Wednesday gaining over one per cent on technical buying and bargain hunting as the dollar weakened. "The dollar stayed under pressure all day and I think that brought in some bottom-picking or bargain buying," said Sterling Smith, futures strategist for Citigroup. "There was late technical buying, […] Read more
U.S. soy firm on weak dollar, signs of China buying
U.S. soybean futures held firm Tuesday on bargain buying from 3-1/2-month lows the previous session, aided by a weak dollar and signs of Chinese purchases at cheaper prices. Gains were pared and the market ended well below the session highs on a lack of fresh buying interest in choppy dealings in a session marked by […] Read more
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