CBOT July 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago grains up off new lows, end week higher

Wheat rebounds off another 21-month low

Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more

CME June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures rise on cash market strength

CME cattle futures mixed

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday, supported by strength in the cash market and good overseas demand for pork, traders said. Cattle futures were mixed, with feeder cattle contracts easing on a round of profit-taking after setting new contract highs while live cattle contracts ended firm. CME’s most-active June […] Read more


CBOT July 2023 soft red winter wheat with 50-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat, corn hit fresh lows

Export competition, China cancellations drag on futures

Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle […] Read more

CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures firm as corn prices fall

Lean hog futures down on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended firm on Thursday as corn futures sank to a nine-month low. Falling corn prices raised prospects for reduced feeding costs, traders said. Hog futures weakened, pressured by a round of profit taking after hitting their highest since April 4. The gains in cattle were kept […] Read more


Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)

Russian envoy says no breakthrough on grain deal

Ukraine says Moscow blocking ships

Geneva | Reuters — Russia’s envoy to the United Nations in Geneva on Wednesday said “no real progress” had been achieved in resolving issues raised by Moscow over the Black Sea grain deal, which is set to expire next month. Separately, Ukraine accused Russia of blocking the passage of four grain ships from its Black […] Read more

CBOT July 2023 soft red winter wheat with 100-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago wheat closes down as global supplies look strong

Market monitoring Plains rain relief, Black Sea grain talks

Mexico City | Reuters — Chicago grains and soybean futures closed lower to mixed on Wednesday, as traders eyed sluggish demand and upcoming U.S. export sales data. Wheat fell on news of ample short-term global supplies, despite the risk that an agreement allowing exports from war-torn Ukraine may end next month. Canadian farmers intend to […] Read more


CME June 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: Cattle rise as corn prices drop

Chicago lean hogs also strong

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose Wednesday, supported by weakness in corn prices that boosted expectations for lower feeding costs, traders said. Hog futures rallied on strength in the cash markets. CME’s most-active June live cattle contract gained 0.55 cent, to 164.575 cents, rising above its 10-day moving average (all figures […] Read more

(File photo)

Pulse weekly outlook: Larger pea, chickpea exports expected

China, Bangladesh among major destinations

MarketsFarm — Canadian pea, chickpea and edible bean exports will likely beat earlier expectations during the current 2022-23 marketing year, according to updated supply/demand projections from Agriculture and Agri-Food Canada. The stocks-to-use rations for the three crops should also tighten as a result. In its report Friday, the government agency upped its call for Canadian […] Read more


CBOT July 2023 soft red winter wheat with 20-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago grains flat or down with weather, Black Sea in focus

Large Russian supplies temper fears over Black Sea deal collapse

Mexico City | Reuters — Chicago grain futures closed flat or lower on Tuesday, with wheat hitting a 21-month low, as markets were weighed down by a dip in stocks and crude oil and clear forecasts for U.S. planting weather, traders said. Corn closed slightly up as the market weighed increasing export competition from Brazil, […] Read more

CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Live cattle, hogs mostly weaker

Feeder cattle futures mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures contracts were mostly weaker on Tuesday, with ample supplies weighing on prices. Traders also noted pressure from poor cash market values and concerns about demand due to worries about the global economy. “There probably is a little bit of a drag from outside […] Read more