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CME February 2021 live cattle (candlesticks) with 100-day moving average (red line) and January 2021 feeder cattle (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm

Hogs weak despite big pork exports

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Chicago | Reuters — U.S. cattle futures rose to a two-week high on Thursday, their second straight day of gains, on technical buying, traders said. Hog futures were weaker despite signs of strong pork exports and firm demand from China. Chicago Mercantile Exchange (CME) February live cattle futures settled up 0.675 cent at 114.45 cents/lb. […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets, Soybeans

CBOT weekly outlook: $12 soybeans possible

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MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close to that point back on […] Read more
ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola holds over $600

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MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some […] Read more
CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Profit-taking pressures soybeans

Corn futures firm, wheat weak

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Chicago | Reuters — U.S. soybean futures eased on Wednesday on a profit-taking setback after approaching 4-1/2-year highs, traders said. Corn futures ended firmer on technical buying, while wheat dipped. Concerns about dry conditions limiting crop potential in key corn- and soy-growing areas of South American underpinned the market, with strong demand weighing on global […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm despite weak cash markets

Hogs down on technical selling

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Chicago | Reuters — U.S. cattle futures firmed on Wednesday, shrugging off weakness in the cash market in anticipation of tightening supplies in the coming months, traders said. Hog futures eased on a round of technical selling. Traders were expecting a U.S. Department of Agriculture (USDA) report on Friday to show an 8.6 per cent […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle market volatility continues

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Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). Fed and feeder cattle futures […] Read more
CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Bullish crush data sparks rally in soybeans

CBOT corn, wheat futures firm

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Chicago | Reuters — U.S. soybean futures rallied on Tuesday, supported by a report showing processors were busier than expected during November, adding further pressure to a tight supply base, traders said. The strength in soybeans pulled corn higher, which closed in positive territory after trading lower for much of the session. Wheat futures also […] Read more
CME February 2021 lean hogs with 20-, 30-, 40- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

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

CME cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose slightly on Tuesday on follow-through buying from a rally on Monday, traders said. Cattle futures eased, pressured by recent weakness in the cash markets as well as some technical sales. Chicago Mercantile Exchange (CME) February lean hogs rose 0.775 cent to settle at 66.45 cents/lb. (all […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat slides on Russian export tax details

CBOT soybean, corn futures firm

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Chicago | Reuters — U.S. wheat futures dropped 2.9 per cent on Monday, their biggest daily sell-off in two weeks, with traders saying that Russia’s export tax plan was bearish for prices in the short term. Soybean futures were firm, supported by a rising forecast for imports by top global producer Brazil, while corn edged […] Read more
CME February 2021 lean hogs with 100-day moving average and Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

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

February live cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more

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