CME October 2022 lean hogs (candlesticks) with 40-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Hog futures firm after hitting six-week low

Chicago cattle futures weak

Chicago | Reuters — Chicago Mercantile Exchange hog futures edged higher on Monday, with the market recovering after hitting its lowest in nearly six weeks on Friday, traders said. But gains were kept in check by poor exports and ample supplies of pork. Cattle futures were weaker as the market digested a report released late […] Read more

CBOT December 2022 wheat (candlesticks) with 20-day moving average (dark green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat up off six-month low on technical buying

CBOT corn rises, while soybeans stay under pressure

Chicago | Reuters — Chicago Board of Trade wheat futures bounced on technical buying on Friday after nearing a six-month low struck a day earlier, though the market remained capped by sluggish U.S. exports and increased Black Sea shipments, analysts said. Corn futures also strengthened, while soybeans edged lower as forecasts for rain in the […] Read more


CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs slip

USDA marks surprise jump in July cattle placements

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slipped on Friday, with the most-active contract dipping to a nearly six-week low during the session, as weak export demand continued to weigh on futures, analysts said. Meanwhile, a government report, released after the CME closed, said that far more cattle were marketed in July […] Read more

CME October 2022 lean hogs (candlesticks, right column) with 20- and 100-day moving averages (pink and brown lines) and CME cash lean hog index (black line, left column). (Barchart)

U.S. livestock: CME lean hogs fall on weak exports

Softer cash values drag on live cattle futures

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday, pressured by softening wholesale pork prices and weak export demand, analysts said. “We’re going to have more supply coming at us, and that’s putting pressure on the wholesale market,” said Altin Kalo, economist at Steiner Consulting Group. CME October lean hogs fell […] Read more


CBOT December 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat down on weak U.S. demand, Ukraine grain shipments

Economic uncertainty also curbs grain markets

Chicago | Reuters — Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger dollar and continued exports from Ukraine, analysts said. Soybeans firmed after better-than-expected export sales last week indicated strong demand as U.S. harvest nears, while corn traded near even. Economic uncertainty also hung over grain […] Read more

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more



CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)

U.S. livestock: CME live cattle firm, drought accelerates selling

Lean hog futures follow cash prices up

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed on Wednesday, underpinned as ranchers move up placements of calves amid drought conditions across the southern U.S. Plains, analysts said. “The fall-weaned calves are starting to come through,” said Austin Schroeder, commodity analyst at Brugler Marketing. “Placements have been pushed ahead, with the drought.” […] Read more


CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soybeans steady

U.S. Midwest rain, Ukraine sea exports add pressure

Chicago | Reuters — Chicago soybeans inched higher on Wednesday, bouncing from two days of declines, though the recovery was limited by rain improving weather forecasts in the U.S. Midwest. Wheat prices fell, pressured by increased export activity from Ukraine, while corn traded near even. The most-active soybean contract on the Chicago Board of Trade […] Read more