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Tom Polansek


Stories by Tom Polansek

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets

U.S. grains: Soy futures near two-year lows as traders await US crop reports

Corn futures eased; wheat futures also slumped

By Reuters, Tom Polansek January 11, 2024
Chicago Board of Trade soybean futures ended flat on Thursday and remained near their lowest level since December 2021 amid lackluster demand for U.S. exports and an improved South American supply outlook.

Markets

U.S. livestock: Live cattle dip in nearby contract; US beef plants reopen

Deferred live cattle futures and feeder cattle futures finished stronger

By Reuters, Tom Polansek January 10, 2024
Live cattle futures eased slightly in the front-month contract on Wednesday as U.S. slaughtering began to recover from disruptions due to extreme winter weather earlier this week.


Corn ZCH24 on Jan. 9 with 20-day moving average. (Barchart)
Markets

U.S. grains: Soybean and corn futures rebound from multiyear lows

Wheat futures jump after a sharp drop on Monday

By Reuters, Tom Polansek January 9, 2024
Chicago Board of Trade soybean and corn futures rebounded on Tuesday on short covering and technical buying after sliding to multiyear lows earlier in the session.

Photo: Thinkstock
Livestock

Tyson Foods, Cargill idle Kansas beef plants due to snowstorm

Blizzards shut down roads, stranded some workers at packing plants overnight

By Reuters, Tom Polansek January 9, 2024
Tyson Foods and Cargill said on Tuesday they suspended operations at beef plants in Kansas due to a massive snowstorm, reducing U.S. meat production.

Live cattle LEG24 on Jan. 8, 2024, with Bollinger bands. (Barchart)
Markets

U.S. livestock: CME live cattle retreat from one-month high, traders eye US weather

Lean hogs rose on hopes that U.S. cash prices had reached bottom

By Reuters, Tom Polansek January 9, 2024
Live cattle futures on Monday rose to their highest level in more than a month before retreating as traders waited to see the impact of wintry weather on livestock in the central U.S.


Corn ZCH24 on Jan. 8, with Bollinger bands. (Barchart)
Markets

U.S. grains: Corn, soy hit multi-year lows as oil sinks, rains aid Brazil crops

Concerns over Chinese demand for U.S. soybeans and wheat hung over the futures markets

By Reuters, Tom Polansek January 8, 2024
U.S. corn futures sank to their lowest level in more than three years on Monday and soybean futures set a two-year low as steep declines in crude oil prices spilled over into agricultural markets.

Lean hogs HEG24 on Jan. 5 with Bollinger. (Barchart)
Markets

U.S. livestock: Hogs extend gains after rally, end up 3 per cent for the week

Live cattle slipped somewhat but ended the week up 1.2 per cent

By Reuters, Tom Polansek January 5, 2024
Technical buying and short covering boosted lean hog futures at the Chicago Mercantile Exchange on Friday, traders said, extending gains a session after the market climbed by its daily maximum.

Soybeans ZSH24 on Jan. 4 with Bollinger bands. (Barchart)
Markets

U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans

Wheat futures rebounded from one-month low; corn stabilized

By Reuters, Tom Polansek January 4, 2024
Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.


Lean hogs HEG24 on Jan. 3 with 20, 50 and 100-day moving averages. (Barchart)
Markets

U.S. livestock: Lean hogs finish weaker, set another contract low

Packers losing money processing beef due to tight supply

By Reuters, Tom Polansek January 3, 2024
Chicago Mercantile Exchange lean hog futures set contract lows for a second consecutive session on Wednesday under pressure from ample supplies.

Soybeans ZSH24 on Jan. 3 with 20 and 50-day moving averages. (Barchart)
Markets

U.S. grains: Soy futures recover from June low as rains benefit Brazil crops

A two-week high in the U.S. dollar also hung over agricultural markets

By Reuters, Tom Polansek January 3, 2024
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.

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