Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more
U.S. grains: Soy futures sag on improving Brazil weather
CBOT March wheat rallies
U.S. grains: Wheat futures hit two-month low
Soybean, corn futures also decline
Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions. […] Read more
U.S. grains: Wheat slides on Russian export prospects
Soybean, corn futures also dip
Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday on prospects that Russia, the world’s top supplier of the food grain, may raise its export quota, analysts said, along with long liquidation at the end of the month. Soybean and corn futures dipped as rains fell on parts of […] Read more
U.S. livestock: Live cattle up on cash market optimism, beef demand
Hogs up ahead of USDA exports report
Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more
U.S. grains: CBOT wheat down three per cent
Soy, corn also sag on pre-holiday slide
Chicago | Reuters — Chicago wheat futures fell more than three per cent on Wednesday and corn and soybean futures also slipped as traders booked profits after recent highs in all three markets, and ahead of Thursday’s U.S. Thanksgiving holiday, analysts said. Chicago Board of Trade March wheat futures settled down 21 cents at $5.96-1/2 […] Read more
U.S. livestock: Cattle futures follow beef prices, Dow higher
Chicago lean hogs end mixed
Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more
U.S. farmers seed more winter wheat as grain prices rally
Chicago | Reuters — U.S. farmers expanded seedings of winter wheat this autumn for the first time in eight years as strong demand and dry weather in several producing countries fuels higher prices for the grain, farmers and analysts said. Winter wheat, seeded in the Northern Hemisphere in autumn for harvest in June, is the […] Read more
U.S. grains: Wheat up on crop ratings
Corn drifts lower, soybeans down day after touching $12
Chicago | Reuters — Chicago wheat futures climbed to two-week highs on Tuesday as a surprise decline in winter wheat condition ratings raised concerns about supplies of the food grain, traders said, while corn futures ticked lower ahead of Thursday’s U.S. Thanksgiving holiday. Chicago Board of Trade March wheat futures settled up 13 cents at […] Read more
U.S. livestock: Live cattle futures up two per cent
U.S. feedlot data, beef prices supportive
Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more
U.S. grains: Soy touches US$12 mark on Brazil weather
CBOT March corn, wheat also up
Chicago | Reuters — U.S. soybean futures climbed to US$12 a bushel on Monday for the first time in four years as dry conditions in parts of Brazil and Argentina stoked concerns about supplies of the oilseed, analysts said. Corn advanced, also lifted by worries about dryness in South America, and wheat futures followed the […] Read more
Cyber-Savvy Farmer
