ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola trade’s focus on South America

Canola still entrenched in $800-$900 range

MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, looking for some direction to push values one way or the other. “We’re just watching South American weather now,” said Jaimie Wilton, commodities futures specialist with RJ O’Brien in Winnipeg, pointing to the drought in Argentina and the relatively favourable conditions […] Read more

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CBOT weekly outlook: South America’s dry weather affecting soy complex

'We’re back to trading weather right now'

MarketsFarm — The U.S. Department of Agriculture’s world agricultural supply and demand estimates (WASDE) report last week is taking a back seat to drought concerns in South America, according to a Chicago grains analyst. Terry Reilly from Futures International said Friday’s WASDE report had very little effect on the Chicago Board of Trade (CBOT), which […] Read more


CME December 2022 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: December live cattle down off 7-1/2-year high

Hogs down on export market concerns

Chicago | Reuters — CME Group live cattle futures dropped on a round of profit taking after the front-month contract rose to its highest since June 2015 early in the session. Concerns about a winter storm damaging herds in the U.S. Plains provided support to cattle futures overnight. While supply concerns dominated cattle futures trading, […] Read more

CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, wheat futures ease

Chicago soybean futures firm

Chicago | Reuters — U.S. corn and wheat futures fell on Wednesday after hitting 11-day highs a day earlier as traders waited for more bullish news before pushing grain prices above those recent peaks. Soybeans were firm, shedding overnight weakness, with investors hoping that export demand for U.S. supplies of the oilseed will remain strong […] Read more


CBOT March 2023 soybeans with 10-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybean futures rise

Chicago wheat, corn values fall

Chicago | Reuters — U.S. soybean futures rose on Tuesday, supported by a round of bargain buying after two days of losses as well as signs that export demand remains strong, traders said. Corn and wheat futures weakened on a round of profit taking after hitting 10-day highs early in the session, with light demand […] Read more

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

U.S. livestock: Hog futures rise on short-covering

CME cattle futures also up

Chicago | Reuters — CME Group hog futures rose on Tuesday, snapping a streak of five straight losing sessions on some mild short-covering, traders said. Gains were kept in check by concerns that demand for pork during China’s Lunar New Year celebrations will be lighter than usual due to rising COVID-19 cases in the country. […] Read more


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

Klassen: Stronger deferred live cattle support feeder market

Cow-calf operators seen hesitant to expand

Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more

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

U.S. grains: Wheat, corn up on Black Sea export concerns

Chicago January soy falls

Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more


CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)

U.S. livestock: CME February hogs hit two-month low

China COVID-19 concerns a factor; live cattle close higher

Chicago | Reuters — CME live hog futures fell to a two-month low on Monday, notching their fifth straight day of declines on concerns that Chinese pork consumption will fall during the country’s upcoming Lunar New Year celebrations, traders said. Cattle futures were firm, with strength in the cash market underpinning prices. Weakness in Chinese […] Read more

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

U.S. grains: Soybeans ease on global stocks

Exports, South American weather underpin soy; corn steady

Chicago | Reuters — Chicago soybeans eased on Friday after the U.S. Department of Agriculture (USDA) increased its estimate of global ending stocks, though strong exports and South American weather concerns underpinned the market. Corn traded both sides of even, despite an increase in U.S. stockpiles, while wheat eased. The most-active soybean contract on the […] Read more