Chicago wheat, corn and soybean futures chopped up and down but ended lower on Friday as traders weighed a bounce in demand fuelled by low prices against expectations of ample supply and upcoming U.S. government crop forecasts.
U.S. grains: Chicago corn, wheat choppy amid demand uptick, ample supply
U.S. grains: Wheat, soy and corn bounce off lows as demand stirs
Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from earlier contract lows as technical support and signs of new export demand countered the pressure of ample supplies, traders said.
U.S. livestock: Cattle futures hit contract highs on strong cash trade
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
U.S. livestock: Cattle futures hit new highs on resilient consumer demand
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.
U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds
Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain markets.
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
U.S. livestock: Cattle futures up on higher wholesale prices, buying interest
Chicago Mercantile Exchange cattle futures ended higher on Friday under support from stronger wholesale boxed beef prices and buying interest, though concerns over waning consumer demand for beef continued to linger over the market, analysts said.
U.S. grains: Chicago corn, soybeans recover from multi-month lows
Chicago corn and soybean futures rose on Friday from multi-month lows, supported by short covering and a weakening dollar, analysts said.
U.S. grains: Chicago corn, soy linger at multi-month lows as weather weighs
Chicago Board of Trade corn and soybean futures hovered around multi-month lows on Thursday, with corn again notching life-of-contract lows, as favourable U.S. weather and expectations of record Brazilian crops maintained supply pressure.
U.S. livestock: CME cattle futures mixed as consumer and retail demand declines
Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as market players weighed waning demand from consumers and retailers while hog futures turned higher, following a seasonal pattern, traders said.
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