CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Hogs drop as domestic, export demand seen weak

CME August cattle futures up

Chicago | Reuters — Chicago Mercantile Exchange hog futures fell sharply on Thursday as traders priced in expectations for waning demand after the U.S. Independence Day holiday this weekend. Signs of poor demand from China, which has been a big buyer of U.S. pork since an outbreak of African swine fever decimated production in the […] Read more

CME August 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Lean hogs retreat from one-week high

CME August live cattle up, feeders lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Wednesday in a retreat from early gains in which the most-active contract topped a one-week high. Traders watched a rally in grain prices that makes it more expensive to feed livestock. Corn and soy futures soared at the Chicago Board of Trade […] Read more


ICE November 2021 canola (candlesticks) with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Volatility to come for canola market

'Tighten up your seatbelt'

MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. December 2021 wheats (dark green, yellow and orange lines). (Barchart)

U.S. grains: Corn, soy surge as U.S. farmers plant fewer acres than expected

Traders had expected more U.S. corn, soy acres

Chicago | Reuters — Chicago Board of Trade grain and soybean futures surged on Wednesday after the U.S. Department of Agriculture surprised traders with lower-than-expected plantings estimates and inventory data. Corn climbed by their daily exchange-imposed limit after USDA pegged plantings of the crop at 92.692 million acres, below analysts’ expectations for 93.787 million. The […] Read more


CBOT November 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Corn, soy mixed ahead of plantings, stocks reports

Canadian farmers expand canola acres

Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more

CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and brown lines) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Lean hog futures touch one-week high

CME August live cattle up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures touched a one-week high on Tuesday in a rebound from recent losses, while live cattle futures were mixed. The hog market is recovering after dropping last week to a nine-week low, traders said. Hopes for improved export demand helped support prices, traders said. CME August […] Read more


CBOT December 2021 corn with 20- and 100-day moving averages (blue and dark green lines) and MGEX, CBOT and K.C. September 2021  wheats (black, yellow and orange lines). (Barchart)

U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains

MGEX September wheat also climbs

Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more

CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)

U.S. livestock: Hog futures rally as China buys pork

Cattle futures, beef cutout values lower

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose three per cent on Monday, supported by rising demand as China moved to buy pork for its reserves to shore up the domestic market, traders said. China’s state planner said on Monday that central and local governments will start buying pork for state reserves to […] Read more


CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)

U.S. livestock: Hog futures firm on technical buying

Cattle futures up ahead of USDA placements report

Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Friday, supported by technical buying after sagging to their lowest in nearly three months on Thursday, traders said. CME August hog futures, the most actively traded contract, ended up 1.075 cents at 99.775 cents (all figures US$). The wholesale U.S. pork carcass cutout price […] Read more

CBOT December 2021 corn (candlesticks) with 20-day moving average (yellow line) and MGEX, CBOT and K.C. September 2021 wheats (black, green and orange lines). (Barchart)

U.S. grains: Court ruling, rains pressure corn, soy

CBOT wheat down, MGEX spring wheat up

Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more