CME January 2023 feeder cattle (candlesticks, right column) with CBOT March 2023 corn (orange line, left column). (Barchart)

U.S. livestock: CME feeder cattle firm as corn inputs slide

Live cattle climb higher in deferred months; February hogs also up

Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed for the fifth consecutive session, as corn, a significant input for producers, continues to fall, traders said. “The feeders have sort of been hobbled for a long time because of the elevated feed price,” said Dennis Smith, livestock analyst and broker at […] Read more

(Thinkstock photo)

Prairie cash wheat: Bids drop with U.S. futures

Canadian dollar also down on week

MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as U.S. wheat futures posted losses — although softness in the Canadian dollar did provide some underlying support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.50-$6.40 per tonne across the Prairies, according […] 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 plunges to three-month low on export competition

Corn also down on weak demand, soybeans rise after selloff

Winnipeg | Reuters — Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders’ focus on competition from cheaper Black Sea supplies. Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous session over disappointing U.S. biofuels levels. The most-active wheat contract on the […] Read more

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

U.S. livestock: CME feeder, live cattle firm as trade eyes supplies

February lean hogs close higher

Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed on Friday, supported by lower feed grain costs and resilient live cattle futures, traders said. “The market has held together well, so there’s optimism there. Then you’ve got the grain market down double digits today, and down the day before,” said Altin […] Read more


CBOT January 2023 soybeans (candlesticks, right column) with 20- and 100-day moving averages and CBOt January 2023 soyoil (blue line, left column). (Barchart)

U.S. grains: Soy snaps win streak on disappointing biofuel mandates

Wheat falls on export sale data; soy weakness weighs on corn

Winnipeg | Reuters — Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4 […] Read more

CME February 2023 lean hogs with 20- and 100-day moving averages and CME cash lean hog index (blue line). (Barchart)

U.S. livestock: CME lean hogs firm with supplies in focus

Feeder cattle up on supply expectations

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange firmed on Thursday, erasing the week’s earlier losses as smaller supplies of market-ready hogs offset seasonal pressure. “Fundamentally, we know we’re fairly tight on supplies. We’re not getting expansion,” said Alan Brugler, president of Brugler Marketing. The CME February lean hogs contract added […] Read more


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

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more



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

U.S. livestock: CME live cattle firm on strong cash trade

Hogs firm after five days' decline

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday, supported by strong cash markets and a steady pace of processing. “Even though there’s a seasonal pullback for the next couple of weeks, it doesn’t look like cash wants to break,” said Scott Varilek, broker at Kooima Kooima Varilek Trading […] Read more

CBOT March 2023 soft red winter wheat with 20-day moving average (dark 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 rises on short-covering, China optimism

Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down

Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions […] Read more