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

U.S. grains: Wheat dips after earlier strength

Black Sea supplies weigh on market

Chicago | Reuters — U.S. wheat prices reversed earlier gains to close lower on Friday, as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal. Chicago soybeans and corn also climbed after month-end positioning pushed futures lower much of the week and […] Read more

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

U.S. livestock: CME live cattle ease on softer cash markets

Trade watching for increased demand for hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Friday, ending the week slightly lower as cash trade eased, though the cattle market continues to trade mostly sideways, analysts said. “The market’s basically saying — we’ve got stable trade right now for a couple months,” said Rich Nelson, chief strategist at Allendale […] Read more


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

U.S. livestock: CME live cattle up ahead of long weekend

Lean hogs follow cash hog index lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ticked upward Thursday, while packers backed off of buying ahead of the Labour Day holiday week that will limit slaughter, analysts said. “There was some light trade today, slightly lower than last week,” said Doug Houghton, technical analyst at Brock Capital Management. “I don’t know […] Read more

CBOT November 2023 soybeans with 20- and 50-day moving averages. (Barchart)

U.S. grains: Soybeans end month up on crop stress

Wheat down as global supplies weigh on U.S. prices

Chicago | Reuters — Chicago soybeans fell for a third consecutive session on Thursday, but ended the month higher as recent export activity and fears that dry weather damaged crops lent support. Wheat ended lower after trading both sides of even, pressured by plentiful global supplies. Corn ended the day and the month lower after […] Read more


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

U.S. livestock: Lean hogs climb as traders eye seasonal supply shifts

Cattle futures down ahead of long weekend

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Wednesday, finding support as traders gauged pork demand and watched for signs of a seasonal influx of market-ready hogs. “We still have an index that’s higher than the October. It usually doesn’t close the gap until we get into September a week or […] Read more

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

U.S. grains: Soybeans dip, despite exports

Damage to Canada's durum could impact pasta prices

Chicago | Reuters — Chicago soybean prices fell for a second session on Wednesday, despite recent export activity, with analysts pointing to traders squaring positions heading into the end of the month. Wheat traded higher, supported by global demand and concerns about Canada’s crop. Corn was near even as traders wait for the harvest to […] Read more


ICE November 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Harvest pressure, farmer selling to guide canola

New StatCan figures 'right around expectations'

MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more

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

CBOT weekly outlook: Corn, wheat lower; soybeans move up

Corn, wheat already face harvest price pressure

MarketsFarm — Corn and wheat futures on the Chicago Board of Trade (CBOT) were on the decline during the week ended Wednesday, but those for soybeans were going in the opposite direction until hitting resistance. The December corn contract ended the week 9.75 cents per bushel lower at $4.8075 per bushel (all figures US$). The […] Read more


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

U.S. grains: Soybeans dip after data shows crop less damaged than feared

Ukrainian farmers not expected to cut winter wheat area

Chicago | Reuters — Chicago soybean and corn prices retreated on Tuesday following U.S. government data showing a smaller-than-expected decline in crop conditions than what many analysts had expected. Wheat hit a two-week low as sluggish demand for U.S. supplies and competition from cheap Russian grain limited the upside in prices. The most active soybean […] Read more

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

U.S. livestock: CME live cattle dip as traders weigh cash, consumer demand

Hog futures down on supply expectations

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday after four days of gains, as traders look for direction from consumer demand amid tight cattle supplies, analysts said. “I think we’ve been sideways for cattle now for over a month and, I guess until we see a change on the product […] Read more