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

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Soybeans boosted by slash to Argentina harvest

Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for U.S. exports. “Wheat was down most of the day, initially on talk of corridor extension talks, then off a lackluster WASDE report,” Charlie Sernatinger of […] Read more


CME March 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Feeder cattle highest since 2015 as corn sags

Live cattle mixed, hogs mostly higher

Chicago | Reuters — Front-month feeder cattle futures on the Chicago Mercantile Exchange hit the highest in nearly 7-1/2 years on Wednesday as falling prices for corn signaled cheaper feed costs, traders said. CME April feeder cattle futures settled up 1.4 cents at 200.075 cents/lb. after setting a life-of-contract high of 200.225 cents (all figures […] Read more

A wall in the medina (ancient city quarter) of Rabat, Morocco’s capital. (Cia.gov)

Morocco adjusts wheat import scheme in nod to Black Sea

Move could bump up competition among exporters

Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more


CBOT May 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat rebounds off 17-month low

USDA's new WASDE awaited

Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines, […] Read more

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

U.S. livestock: CME feeder cattle climb to another contract high

April live cattle lower, lean hogs up

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures reached a contract high for a second consecutive session on Tuesday, while live cattle futures retreated from a contract high set a day earlier, brokers said. Reduced U.S. herd sizes due to drought have propelled futures higher recently, though some brokers said supply concerns have […] Read more


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

U.S. grains: Wheat below US$7 on hopes for Ukraine export extension

CBOT corn down, soybeans up

Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago […] Read more

CME April 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME feeder cattle set contract high on tightening supplies

Chicago live cattle also up, lean hogs down

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures jumped to a new contract high on Monday on firm cash prices and increasing concerns about reduced U.S. herd numbers, analysts said. Traders focused on tighter cattle supplies as demand from meatpackers for livestock to slaughter remained strong. Ranchers have reduced herd sizes due to […] Read more


CBOT May 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybean, corn futures end week strong

Chicago May wheat falls

Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans […] Read more

CME April 2023 live cattle with 10-day moving average and Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle, hogs rally on strong outside markets

Weather forecast also supportive

Chicago | Reuters — Chicago Mercantile Exchange hog and cattle futures rose sharply on Friday, as gains in outside markets bolstered optimism about the economy and consumer demand for beef and pork, traders said. Concerns that a late winter storm forecast for the U.S. Midwest this weekend could disrupt supply chains added support to livestock […] Read more