Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that […] Read more
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U.S. grains: Soybeans up again on export demand, supply concerns
Markets recover after setback on Thursday
China, COVID ruined pork party
Canadian pork exports were surging from December 2018 to May 2019, but then trade disputes and packer slowdowns got in the way
Glacier FarmMedia – Canadian hog producers were on the path to good times before Chinese complications and COVID-19 derailed producers, Statistics Canada analysis shows. However, the recovery of the North American packing industry since the pandemic shock and the return of China to buying Canadian pork have reversed some of the damage. Why it matters: […] Read more
ICE weekly outlook: Bull market in canola’s grasp
That said, watch for cracks in demand side of equation
MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more
U.S. livestock: Lean hog futures move up off one-month low
Lower corn, soy values support feeder cattle
Chicago | Reuters — U.S. lean hog futures rose on Thursday in a rebound from a one-month low reached in the previous session, while live cattle futures weakened. The hog market’s recovery carried futures to their highest level since Monday. Traders said the market continues to face pressure from large U.S. supplies and uncertainty over […] Read more
U.S. grains: Soybean futures surge again to new four-year high
USDA cuts corn, soybean yield estimates
Chicago | Reuters — Chicago Board of Trade soybean futures soared to a fresh four-year high on Tuesday and corn topped a one-year high after the U.S. Department of Agriculture said stockpiles this marketing year will fall to their smallest in seven years. The forecasts, issued in a monthly crop report, reflected a decline in […] Read more
CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply
MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
U.S. grains: Soy futures touch new four-year top
Pfizer update on COVID vaccine sends shares, oil higher
Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and […] Read more
U.S. grains: Soybeans hold near four-year high
Focus shifts to Tuesday's USDA report to gauge tightening supply
Chicago | Reuters — Chicago soybean futures held near a four-year high on Friday as Brazilian dryness and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Corn and wheat dipped but were underpinned by weather risks and Chinese-fueled international demand. The most-active soybean contract on the Chicago […] Read more
U.S. grains: Soybeans reach four-year high on global supply concerns
Corn, wheat rise to one-week highs
Chicago | Reuters — Chicago soybean futures reached four-year highs on Thursday as continued dryness in South America’s crop areas raised supply concerns at a time of brisk Chinese demand. Corn and wheat hit their highest in more than one week on strong demand and supply concerns. The most-active soybean contract on the Chicago Board […] Read more
U.S. livestock: Live cattle futures up with boxed beef prices
Domestic consumption supportive for hogs
Chicago | Reuters — U.S. live cattle futures climbed on Thursday, supported by higher cash cattle and wholesale beef prices, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.475 cent higher at 108.35 cents/lb. (all figures US$). CME feeder cattle futures gained 0.25 cents to end at 135.4 cents/lb. “After four weeks in […] Read more
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