(Photo courtesy United Soybean Board)

U.S. grains: Soybeans hit three-week low

Chicago | Reuters — U.S. soybean futures closed lower on Tuesday for a third straight session, reversing from early strength to touch a three-week low on expectations for large South American soy harvests, analysts said. Wheat futures fell while corn firmed, supported by export demand and technical buying. Chicago Board of Trade March soybean futures […] Read more


(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Corn, wheat retreat on profit-taking

Chicago | Reuters — U.S. wheat and corn futures declined on Thursday, retreating from early strength on profit-taking after each market set multi-month highs, analysts said. Soybeans also closed lower, reversing from early advances, after the spot March contract fell short of last week’s high. CBOT March corn settled down 5-1/4 cents at $3.73-1/2 per […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Firmer beef quote rallies CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. February live cattle closed 1.45 […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Tenacious feeder market softens on supply forecasts

Western Canadian feeder cattle prices traded steady to as much as $5 lower over the past week. Early in the week, buyers incorporated a risk discount due to the extremely cold temperatures, especially in the Eastern prairie regions. By Thursday, markets were factoring in the larger beef supply forecasts from the U.S. Department of Agriculture, […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, corn rise to multi-month highs

Chicago | Reuters — U.S. wheat and corn futures extended gains to set multi-month highs on Friday on follow-through buying after the U.S. Department of Agriculture slashed domestic stockpile estimates in a monthly report on Thursday. Soybeans also were higher as investors defended their net long position despite expectations for a record-large harvest in top […] Read more