Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above $7 a bushel and soybeans […] Read more
U.S. grains: Corn highest since 2013
Soy tops US$15, wheat over US$7 on supply fears
U.S. livestock: Cattle futures extend slide as corn prices charge higher
Chicago | Reuters — U.S. cattle futures closed lower on Thursday for the 10th time in the last 11 sessions, pressured by fund-driven long liquidation and soaring corn prices that threaten cattle feeders’ profits, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.4 cents at 115.85 cents/lb. (all figures US$). CME August […] Read more
U.S. grains: Corn, soy climb to multi-year highs
Tight supplies, weather woes supportive; wheat also up
Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more
U.S. livestock: Cattle, hog futures sag on technical selling
Wholesale beef prices supportive
Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures […] Read more
U.S. livestock: Cattle bounce after eight-session skid
Lean hogs up on demand, cash prices
Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday for the first time in nine sessions as brisk demand for beef and a rally in lean hog futures prompted a round of bargain-buying, traders said. Chicago Mercantile Exchange June live cattle settled up 0.6 cent at 119.2 cents/lb., and August feeder cattle […] Read more
U.S. grains: Corn tops $6 a bushel, soy at seven-year high
CBOT wheat also books life-of-contract high
Chicago | Reuters — U.S. corn futures climbed to their highest in nearly eight years on Tuesday and soybean futures neared a seven-year high as tightening supplies supported cash markets and attracted speculative buying, analysts said. Worries about dry conditions curbing corn yields in Brazil and cold weather slowing germination of the 2021 U.S. crop […] Read more
U.S. livestock: Live cattle futures extend slide
CME lean hogs rebound
Chicago | Reuters — CME Group live cattle futures fell on Monday, extending their slide to eight straight sessions on long liquidation and signs that surging wholesale beef prices may have reached a seasonal top, analysts said. Feeder cattle futures felt additional pressure from a jump in Chicago Board of Trade corn futures, a sign […] Read more
U.S. grains: Corn up on weather outlook, weaker dollar
CBOT May wheat down, K.C. May wheat up
Chicago | Reuters — U.S. corn futures rose on Monday, flirting with multi-year highs set last week, as forecasts for frosty weather and precipitation raised concerns about the pace of planting and germination, analysts said. A weaker dollar lent support, theoretically making U.S. grains more competitive globally. Soybeans followed corn higher, but wheat was choppy, […] Read more
U.S. livestock: Lean hog futures notch contract highs
Chicago live cattle retreat
Chicago | Reuters — U.S. lean hog futures rose on Thursday, with several contract months including the benchmark June setting life-of-contract highs on firm cash markets and strong demand for pork, traders said. Chicago Mercantile Exchange June lean hogs settled up 1.025 cents at 106.325 cents/lb., after recording a contract high at 106.725 cents (all […] Read more
U.S. grains: CBOT May corn retreats after 7-1/2-year high
Deferred corn contracts climb; May soy, wheat also down
Chicago | Reuters — U.S. nearby corn futures declined on Thursday on profit-taking after the benchmark contract climbed to its highest since 2013, bolstered by a U.S. Department of Agriculture (USDA) report that projected smaller-than-expected plantings and rekindled worries over global grain supplies. Nearby soybean futures also fell on profit-taking, after a limit-up rally a […] Read more
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