Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.
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U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes
U.S. livestock: Feeders continue to fall; live cattle level out
Chicago live cattle futures leveled out to finish on either side of unchanged, Tuesday, after days of precipitous declines. Feeders continued to fall. Most-active December live cattle contracts closed at 226.575 cents a pound, down 0.600 cents. February contracts rose by 0.100 cents to settle at 224.100 cents per pound. Most-traded January feeder cattle futures […] Read more
U.S. livestock: Cattle futures sink on concerns over Trump’s push to lower prices
Chicago | Reuters – U.S. cattle futures tumbled on Monday, extending a steep slide after President Donald Trump complained last week that prices were too high. Traders said they were increasingly expecting that Trump’s administration will encourage more imports of beef and cattle in a bid to offset tight U.S. supplies and bring down prices […] Read more
U.S. grains: Soy hits four-month high on hopes for China trade deal
U.S. soybean futures jumped to their highest level in more than four months on Monday on hopes that China will resume buying American supplies after President Donald Trump said the countries were set to reach a trade deal during his trip to Asia this week.
U.S. livestock: Cattle fall sharply as Trump says he’s working to lower beef costs
Chicago cattle futures fell sharply on Friday after U.S. President Donald Trump said his administration was working to lower the cost of beef. “We are working on beef, and I think we have a deal on beef,” Trump told reporters at the White House on Thursday. “No specifics were released on any plan, though the market is taking a […] Read more
U.S. grains: Corn, soybeans rise on yield uncertainty, firming cash markets
U.S. corn futures extended gains into a fourth session on Friday and posted the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.
U.S. livestock: Live cattle hit contract highs on cash market strength
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said. Feeder cattle were flat to higher, with nearby contracts consolidating after recent strong gains, although the market remains well supported by tight supplies. Beef […] Read more
U.S. grains: Corn rises on US yield concerns, strong crush demand lifts soybeans
U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
U.S. livestock: Cattle mixed on technicals, profit taking after tight supply rally
Chicago | Reuters – Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as tight supplies and higher choice beef values supported the market before profit taking and technical selling clipped gains, analysts said. Live and feeder cattle futures both notched contract highs in the previous session following nearly two straight weeks of daily advances. […] Read more
U.S. grains: Corn gains on firm cash markets, big crush supports soybeans
U.S. corn futures gained on Wednesday as slow farmer sales of newly harvested grain firmed cash market prices and triggered short covering and technical buying in the futures market.
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