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U.S. grains: Wheat rallies on dimming world crop prospects

Dry U.S. Midwest conditions support corn, soybeans

Chicago | Reuters – U.S. wheat futures rallied almost 3 percent on Monday on concerns that deteriorating crops in several key producing countries will tighten global stocks of the grain. Corn scaled to a 1-1/2-month high on spillover support from wheat and as dry conditions in parts of the U.S. corn belt trimmed harvest prospects, while […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle sink after hitting highest since early November

Chicago | Reuters — Live cattle futures dropped 2.2 percent after hitting their highest level in 2-1/2 months on Thursday, snapping a three-day winning streak as a rebound in the U.S. dollar sparked a round of profit-taking. “The pushback on the U.S. dollar maybe caught a few people off-guard,” said Rich Nelson, chief strategist with […] Read more