Chicago | Reuters — U.S. corn and soybean futures fell roughly one per cent on Wednesday and wheat slipped nearly three per cent on sluggish export demand for U.S. grains and a lack of news on U.S.-Chinese trade negotiations, traders said. “The single biggest potential factor right now that could turn these market dynamics is […] Read more
U.S. grains: Soy, corn, wheat sag as trade news awaited
U.S. livestock: CME live cattle retreat on profit-taking
Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds expanded their net long in […] Read more
U.S. grains: Corn, soy end lower on technical selling
Chicago | Reuters — U.S. corn futures fell more than one per cent on Thursday on a rising estimate of Argentina’s crop and chart-based selling, analysts said, while soybeans and wheat also declined. Chicago Board of Trade (CBOT) March corn settled down 4-3/4 cents at $3.76-1/2 a bushel (all figures US$). March soybeans ended down […] Read more
U.S. grains: Soybeans up as China talks fuel export hopes
Chicago | Reuters — U.S. soybean futures climbed to a two-week high on Friday on optimism over U.S.-China trade talks planned for next week, coupled with declining estimates of the size of Brazil’s developing crop, traders said. Corn and wheat followed the firm trend, with brightening export prospects for both grains lending support. Chicago Board […] Read more
U.S. grains: Wheat soars on new rumours of Russian export curbs
Chicago | Reuters — U.S. wheat futures rose 3.5 per cent on Wednesday on technical buying and rumours that Russia might curb wheat exports, traders said. Soybeans and corn closed modestly higher, following wheat. Chicago Board of Trade December soft red winter wheat futures settled up 18-1/2 cents at $5.41-3/4 per bushel (all figures US$). […] Read more
U.S. grains: Soy futures consolidate day after 10-year low
Chicago | Reuters — U.S. soybean and corn futures ended nearly flat on Wednesday, consolidating one day after the front soybean contract plunged to a near 10-year low on trade tensions and favorable Midwest crop weather, analysts said. Chicago Board of Trade wheat futures rose more than two per cent in technical moves, including traders […] Read more
U.S. grains: Soy nears 10-year low on trade row, weather
Chicago | Reuters — U.S. soybean futures plunged to their lowest level in nearly a decade on Tuesday as escalating trade tensions between the U.S. and China, the world’s biggest soy buyer, prompted fund-driven selling, analysts said. Corn and wheat followed broad declines in the commodity sector. Favourable weather in the Midwest bolstered corn and […] Read more
U.S. livestock: CME live cattle futures sag
Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged lower on Friday to snap a five-session climb, pressured by technical selling and uncertainty about cash price direction, given that cash cattle did not trade ahead of the closing bell, brokers said. However, after the futures market closed, fed cattle traded lightly in cash markets […] Read more
U.S. livestock: CME nearby hogs hit contract high
Chicago | Reuters — Chicago Mercantile Exchange February lean hog futures rose nearly three per cent on Tuesday and set a contract high, buoyed by firmer cash hog prices and spreading against cattle futures, traders said. Wholesale pork fetched $80.71/cwt, down 38 cents from Monday (all figures US$). But lean hogs in the top cash […] Read more
U.S. livestock: Live cattle extend slide on long liquidation
Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more
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