CME June 2021 live cattle (candlesticks) with 20- and 100-day moving averages (brown, black lines) and June 2021 lean hogs (pink line). (Barchart)

U.S. livestock: CME live cattle extend rally as beef prices climb

June hogs down third straight day

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Tuesday for a fifth straight session, led by high-flying wholesale beef prices, analysts said. Feeder cattle futures also advanced but gains were muted as corn futures rallied, signaling higher costs to bring cattle up to market-ready weight. CME June live cattle futures settled […] Read more

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy futures top $16 for first time since 2012

Chicago corn, wheat also end higher

Chicago | Reuters — Benchmark U.S. soybean futures jumped above US$16 a bushel on Tuesday for the first time since 2012 as traders focused on tightening feed grain supplies and dry weather in Brazil’s corn belt, traders said. Corn and wheat futures also posted sharp gains, with nearby contracts leading the way up. A weaker […] Read more


CBOT July 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, dark green lines). (Barchart)

U.S. grains: Corn, soy, wheat dip ahead of WASDE

Market eyes U.S. supply-demand reports for price direction

Chicago | Reuters — Chicago corn futures fell on Monday, pausing after rallying to eight-year highs last week, with traders focusing on the U.S. Department of Agriculture’s upcoming world supply-demand (WASDE) report for new price direction. Wheat dipped, supported by beneficial rains across the U.S. Great Plains, while soybeans traded mixed on continued tight supplies. […] Read more

Corn seedlings on June 1, 2020. (Farmtario photo by John Greig)

U.S. grains: Corn, soy futures hit multi-year highs on supply fears

Dryness in Brazil fuels supply fears

Chicago | Reuters — Concerns that global crop supplies will remain lean pushed Chicago Board of Trade corn futures to their highest price since March 2013 on Friday, while soybean futures reached their highest since October 2012. The markets surged before the weekend as traders braced for the potential of further rallies driven by tightening […] Read more



CBOT July 2021 corn (candlesticks) with 20-day moving average (dark green line) and December 2021 corn (yellow line). (Barchart)

U.S. grains: Corn futures pierce eight-year peak

Soy rallies on supply worries

Chicago | Reuters — Chicago Board of Trade corn futures extended a rally above eight-year highs on Thursday as dry weather threatened harvest yields in major exporter Brazil and kept traders’ focus on ebbing global supplies. Soybeans approached an 8-1/2-year peak reached last week, buoyed by rallying vegetable oil prices, and wheat was also higher. […] Read more


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: Look for May USDA report to be bullish

New WASDE will include first projections for 2021-22

MarketsFarm — With the next supply and demand estimates from the U.S. Department of Agriculture (USDA) a week away, broker Ryan Ettner provided his outlook on the report. “[Soybean] exports have been good enough to meet the USDA’s expectations,” but maybe not enough to adjust any of their numbers, said Ettner, a broker for Allendale […] Read more

CBOT July 2021 corn (candlesticks) with 20-day moving average (orange line) and December 2021 corn (dark green line). (Barchart)

U.S. grains: Corn exceeds eight-year high on global supply worries

Soybean, wheat futures also finish higher

Chicago | Reuters — Chicago Board of Trade corn futures touched their highest price in more than eight years on Wednesday as concerns over global supplies and strong demand continued to fuel strong gains. A blistering rally in the market has raised costs for global producers of corn-based ethanol and of meat made from livestock […] Read more


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, dark green lines). (Barchart)

U.S. grains: Corn tops $7 for first time since 2013 in most-active contract

High corn prices are not destroying demand, Bunge CEO says

Chicago | Reuters — U.S. corn futures on Tuesday topped US$7 a bushel in the most-active contract for the first time since 2013 as unfavourably dry crop weather in Brazil kept attention on tightening global supplies. Surging prices have done little to curb robust demand for corn used to feed livestock and produce ethanol, opening […] Read more

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn hits eight-year high

Soybean, wheat markets slump

Chicago | Reuters — Chicago Board of Trade corn futures hit their highest price since March 2013 on Monday on strong demand for limited U.S. supplies and concerns over dry weather hurting output in Brazil. Traders continue to focus on tightening global inventories as U.S. farmers plant corn and soy for the autumn harvest, rather […] Read more