Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased
U.S. grains: Soybeans, meal rise on Argentina weather
U.S. livestock: Hogs at three-week high on fund buying, spreading
Chicago | Reuters — U.S. lean hog futures climbed to a three-week high on Tuesday, extending gains from recent days on speculation prices would rise higher next month and on calendar spreading, traders and analysts said. Live cattle were narrowly lower and feeder cattle futures slightly higher at the Chicago Mercantile Exchange, in technically driven
U.S. grains: Wheat falls as dollar firms; vegoils drop on India import tax
Chicago | Reuters – Chicago wheat futures fell 1.4 percent on Monday as the dollar climbed against a basket of currencies, making U.S. grain more expensive in a well-supplied global market. Soybean and soyoil futures also eased amid steep declines in palm oil after India hiked palm oil import taxes. Corn futures were about flat.
U.S. livestock: Cattle, hog futures mixed on spreading, cash declines
Chicago | Reuters – U.S. livestock futures were widely mixed on Thursday, with nearby live cattle and lean hog contracts hitting multi-week lows in bear-spreading as traders moved into deferred positions. Worries of weaker prices in cash markets for cattle and hogs further weighed on front-month contracts while the third of the five-day Standard &
Cargill fined $10 million for inaccurate swaps information: CFTC
Washington/Chicago/Reuters – Cargill Inc will pay a $10 million fine for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers, the Commodity Futures Trading Commission said on Monday. The CFTC said that beginning in 2013, Cargill did not comply with regulations on thousands of complex swaps
U.S. livestock: Cattle futures rise again on cash hopes
Chicago | Reuters — U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120/cwt, which was up from feedlot
U.S. livestock: Live cattle, hogs hit contract highs on fund buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog futures added to those bets,
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
U.S. livestock: Hog futures tumble in reversal on technical selloff
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell about two per cent in a technical selloff on Tuesday, easing from an earlier two-month high in a reversal that could portend further declines, traders and analysts said. Live cattle and feeder cattle futures each dropped to the lowest levels in about two weeks
U.S. livestock: Hogs at two-month high on packer demand
Chicago | Reuters — U.S. lean hog futures rose to a two-month high on Monday as cash prices extended their climb on strong demand from the expanded pork processing sector, traders and analysts said. Two new hog slaughterhouses that opened about a month ago in Iowa and Michigan have boosted hog demand while wholesale pork
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