Chicago | Reuters — U.S. soybean futures hit their highest in almost seven years on Monday as forecasts for dry weather in Argentina and excessive rains in Brazil stoked supply concerns. Wheat futures declined, pressured by forecasts for beneficial rains in the U.S. Plains winter wheat belt late this week. Corn futures ended mostly higher
U.S. grains: Soybeans near seven-year peak
U.S. forecasts record combined U.S. soy, corn acreage for 2021
U.S. farmers will plant 182 million acres of corn and soybeans in 2021, the highest combined total for the two crops on record, the U.S. Department of Agriculture (USDA) forecast recently at an annual outlook forum. Robust demand from exporters as well as domestic users has sent prices for both crops soaring to multi-year highs
U.S. livestock: Cattle, hog futures sag as weather stalls slaughter pace
Chicago | Reuters — U.S. cattle and hog futures declined on Wednesday as wintry weather and power outages hampered meat-packing operations, slowing the pace of slaughter and reducing demand for market-ready animals, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.65 cents at 124.15 cents/lb., while the spot February contract ended down
U.S. grains: Wheat retreats after cold-weather rally
Corn, soy futures consolidate
Chicago | Reuters — U.S. wheat futures fell two per cent on Wednesday, retreating from a two-week high set in early moves, as concerns eased about cold-weather damage following a frigid weekend in the U.S. Plains, analysts said. Corn futures firmed slightly, consolidating below multi-year highs established last week, and soybean futures closed mixed. A
U.S. livestock: Live cattle futures mostly firm on wintry Plains weather
April hogs stay within Friday's range
Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter
U.S. grains: Wheat climbs to one-week high on frigid U.S. weather
Corn, soy futures follow firm trend
Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Tuesday, rising more than three per cent on fears that frigid temperatures in the bread basket of the U.S. Plains may have damaged winter wheat, analysts said. Corn and soybean futures followed the firm trend, with a strong U.S. soy-crushing pace and
U.S. livestock: Live cattle slide on end-month profit-taking
Firm pork prices support CME lean hogs
Chicago | Reuters — U.S. live cattle futures closed lower on Friday as traders booked profits at the end of the week and month, and as Wall Street equity markets declined, traders said. Lower-than-expected cash cattle trades added to bearish sentiment. Market-ready cattle traded in the cash market as high as $113/cwt, traders said, up
U.S. grains: Corn sets 7-1/2-year high on China sales
Chicago wheat also up, soybeans firm
Chicago | Reuters — U.S. corn futures rose more than two per cent on Friday and set a multi-year high after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies. Wheat futures also rose about two per cent, chasing corn higher, and soybeans firmed as well. Chicago Board
U.S. livestock: Live cattle end narrowly mixed
Hogs also mixed, feeder cattle mostly lower
Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Thursday, with the benchmark April contract inching higher as strong wholesale beef prices continued to support the market, traders said. Chicago Mercantile Exchange April live cattle settled up 0.075 cent at 122.7 cents/lb. (all figures US$). But front-month February futures ended lower, down
U.S. grains: Corn ends flat after vaulting to 7-1/2 year high
Corn sales to China spurred climb
Chicago | Reuters — U.S. corn futures settled nearly flat on Thursday after a volatile session in which the benchmark contract hit its highest level in 7-1/2 years, buoyed by U.S. corn sales to China, only to retreat on profit-taking, traders said. Soybean and wheat futures closed lower in technical trade, despite concerns about tightening