Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended their rally on Thursday, rising 1.7 per cent to set a two-year high as brisk demand from China continued to support the oilseed market. Corn rose as the strength in soybeans overshadowed pressure from a smaller-than-expected Chinese corn import quota. Wheat futures jumped on technical buying and […] Read more
Tag Archives closing markets
U.S. grains: Soybeans touch two-year top on China buying spree
Wheat up on technical buying, cash prices
U.S. livestock: CME hogs up on another swine fever case in Germany
Cash cattle values firming
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures rose on Thursday as Germany confirmed one more case of African swine fever in a wild boar, fueling market hopes that China will boost U.S. pork imports. The new case follows six others confirmed in wild boars, not farm animals, in the past week. While no farm animals […] Read more
U.S. grains: Soy jumps on China demand, fund-driven buying
CBOT wheat, corn follow soybeans higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged to two-year highs on Wednesday on continued export demand from top global soy buyer China and fund-driven buying, analysts said. Corn and wheat futures followed soybeans higher, with additional support from a more than four per cent jump in U.S. crude oil prices. Corn and soyoil sometimes […] Read more
U.S. livestock: CME hog futures fall as China’s hog herd rebounds
CME December live cattle rise
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures fell on Wednesday, as the futures market continues to cool in the wake of last week’s rally and on news that the size of China’s hog herd is quickly growing. Hog futures soared last week after Germany reported its first case of African swine fever (ASF) and China […] Read more
U.S. grains: Soy down on profit-taking after climb above US$10
CBOT corn, wheat also down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday, retreating from two-year highs above US$10 a bushel as traders booked profits and forecasts called for favourable weather for the start of the U.S. Midwest harvest, analysts said. Corn futures backed down from six-month highs set a day earlier, and wheat also declined. Chicago Board […] Read more
U.S. livestock: Futures mixed on pork export questions, cattle supplies
U.S. beef packer margins down on week
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures had a mixed performance on Tuesday, as the supply of cattle being offered for sale continued to shrink and traders wrestled with uncertainty over pork export demand. An additional five cases of African swine fever (ASF) were initially found in dead wild boars in Germany. Initial tests were […] Read more
U.S. grains: Soybeans top $10 a bushel on Chinese demand, smaller crop
Chicago corn, wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures advanced on Monday, with the most-active contract rising above US$10 a bushel for the first time in two years on strong export demand from China, before paring gains on profit-taking, analysts said. Corn futures ended modestly higher after reaching a six-month top and wheat also rose. Chicago Board […] Read more
U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking
Hogs 'stretched out technically last week'
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more
U.S. livestock: Lean hogs climb on bullish pork export prospects
Live cattle continue following hogs higher
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more
U.S. grains: Soy rallies on expectations for higher exports
U.S. yield estimates may decline more, analysts say
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures on Friday rallied to their highest since June 2018 as traders projected an increase in the U.S. Department of Agriculture forecast for exports with a further cut in domestic production. Corn futures reached a six-month high, while wheat futures fell to a two-week low. USDA, […] Read more
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