Chicago Board of Trade (CBOT) most-active corn futures Cv1 fell to the lowest levels since 2020 on Monday as expectations of a bumper corn crop and a continued stream of farmer selling weighed on futures, analysts said.
Chicago Mercantile Exchange (CME) cattle futures turned higher on technical trading on Monday, as live cattle contracts rose on expected consumer demand and hopes of some cash market prices firming, traders said.
Chicago Mercantile Exchange cattle futures were mostly stable on Friday on pre-weekend positioning following a technical-driven selloff this week, traders said.
Soybeans rose while corn eased on Friday as traders covered short positions ahead of the weekend while monitoring an incoming heatwave that could threaten some crops in the U.S. Midwest, traders said.
Iowa's corn yield potential set a new record high for the Pro Farmer Crop Tour while excessive June rains drove Minnesota's corn yield prospects to the lowest levels since 2012, scouts on an annual tour of top U.S. production states found on Thursday.
Chicago Board of Trade wheat futures hit contract lows on Thursday as low prices for Black Sea wheat and a stronger dollar undercut the competitiveness of U.S. grains, analysts said.
Chicago Mercantile Exchange (CME) live and feeder cattle futures ticked higher on Thursday on a spree of bargain buying as industry players believed cattle futures were oversold, analysts said.
Chicago Board of Trade wheat futures Wv1 fell on Wednesday as heavy world supplies and cheap Black Sea exports weighed on prices, ahead of a potential Canadian rail stoppage on Thursday.
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.