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CBOT weekly outlook: Corn and soybeans down after USDA report

CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more



Lower supply outlook strengthens cattle prices

Market Update: The market is not getting more bearish but rather looking neutral to bullish

Alberta fed cattle were trading in the range of $137 to $138 in mid-October, up approximately $4 from average September values. Beef production during October appears to be coming in lower than anticipated. At the same time, retail and restaurant demand appears to be coming in higher than expected due robust consumer spending. Looking forward, […] Read more

U.S. grains: Corn rises to one-week high on exports

Chicago | Reuters — U.S. corn futures climbed to a one-week high on Thursday on bargain buying and improving export demand, although gains were limited by reports of higher-than-anticipated U.S. harvest yields. Soybeans rose for a second day and notched a two-week high as expectations of lower U.S. yields and rising demand from China supported […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle surge to contract highs on higher cash prices

Chicago | Reuters –– U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some contracts […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rise on firmer cash price expectations

Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Friday gained for a second straight day, guided by expectations for steady-to-higher cash prices by late Friday, traders said. October live cattle, which expire on Oct. 31, finished 1.225 cents/lb. higher at 115.375 cents (all figures US$). Most actively traded December closed up […] Read more



(Photo courtesy United Soybean Board)

U.S. grains: Soybeans fall as harvest speeds up

Chicago | Reuters — U.S. soybean futures eased on Tuesday after a U.S. government report showed farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said. Corn and wheat futures also settled in positive territory, recovering early losses after holding support at key technical […] Read more