Chicago | Reuters — U.S. lean hogs futures fell to 3-1/2-month lows on Thursday as investors continued liquidating long bets amid plentiful supplies and lacklustre pork export sales, traders said. Live and feeder cattle futures also eased at the Chicago Mercantile Exchange, with cattle prices reversing from multiweek highs reached earlier in the session. Hogs […] Read more
U.S. livestock: Hogs fall on big supplies
U.S. livestock: Feeder cattle gains continue as corn declines
Chicago | Reuters — U.S. cattle futures extended gains on Tuesday, with feeder cattle rising to their highest in 1-1/2 months as falling corn prices reduced costs for fattening the animals and enticed buying from investors, traders said. Optimism that slaughter-weight cattle would fetch higher prices in U.S. Plains cash markets this week also buoyed […] Read more
U.S. grains: Soy surges on short-covering on way to huge monthly loss
Chicago / Reuters – U.S. soybeans surged as much as 2.8 per cent on Friday, reversing earlier losses in a rally sparked by U.S. data showing improved export demand, traders and analysts said. Corn futures were narrowly higher and wheat mostly lower. All three commodities notched steep monthly losses on the final trading day of […] Read more
U.S. grains: Corn, soy ease as investors eye big U.S. harvests
Chicago / Reuters – U.S. corn and soybean futures fell one per cent or more on Thursday, pressured by ample existing supplies and largely favourable growing conditions that will likely lead to huge harvests this fall, traders and analysts said. Chicago Board of Trade corn futures led the declines, with technical selling weighing further after prices […] Read more
U.S. grains: Soy extends gains on short-covering, weather worries
Chicago / Reuters – U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said. Corn futures also rose at the Chicago Board of Trade, primarily on bargain buying, while wheat was narrowly lower. CBOT soybeans […] Read more
U.S. grains: U.S. wheat tumbles on ample supplies, Euronext declines
Chicago / Reuters – Chicago Board of Trade wheat futures plunged as much as 3 per cent on Tuesday, their largest daily losses in three weeks, on pressure from ample global grain supplies and following declines in Euronext wheat, traders said. Wheat on the Paris exchange fell sharply for the second straight session, correcting after […] Read more
U.S. grains: Soybeans extend losses on fund selling, favorable weather
Chicago / Reuters – U.S. soybean futures fell sharply on Monday, extending the steep declines seen last week on pressure from investment fund selling and favourable extended weather outlooks for the developing crop, traders and analysts said. Wheat and corn futures each were narrowly lower at the Chicago Board of Trade, with wheat reversing from earlier […] Read more
First U.S. trader convicted of spoofing sentenced to jail
Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from jail, in a case that […] Read more
U.S. livestock: Cattle ease on profit-taking but gain for week
Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Friday, snapping their longest streak of gains in a month as investors locked in profits ahead of the three-day July 4 holiday weekend, traders said. Feeder cattle futures also slumped in a profit-taking setback while lean hogs were narrowly mixed […] Read more
U.S. livestock: Cattle up on short-covering, hogs mostly higher
Chicago | Reuters — U.S. live cattle futures gained for the second straight session on Tuesday, rising on short-covering and bull-spreading amid expectations for gains in cash cattle prices this week, traders and analysts said. A rebound in stock markets following declines tied to Britain’s decision in a referendum last week to exit the European […] Read more
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