U.S. soybean futures fell nearly two percent to a three-and-a-half-month low on Monday, breaking key technical support at the US$15 per bushel mark in a sell-off on anticipation of a bumper crop in South America and improving harvest yields in the United States. Soybeans are down 17 per cent, or $3, from the record high
U.S. soy breaks below $15 mark
U.S. cattle, hogs gain on robust cash
U.S. cattle and hog futures rose on Tuesday on firm live and wholesale cash markets, while feeder cattle climbed on waning costs to feed livestock and on improved cattle grazing prospects in the southern U.S. Great Plains, analysts and traders said. Gains in each were once again slowed by cautious buying tied to ongoing concerns
U.S. cattle up as beef firms
U.S. cattle futures were higher on Monday as beef markets firmed and on signs the number of cattle offered to packers were waning while firm pork markets lifted hog futures, analysts and traders said. Feeder cattle futures gained on short-covering from Friday’s limit plunge after corn futures soared their limit in a bullish reaction to
Soaring corn drives U.S. feeder cattle down limit
U.S. feeder cattle futures fell their daily three-cent-per-pound daily trading limit on Friday as corn soared by its 40-cent-per-bushel limit, traders and analysts said. Live cattle fell on weak cash cattle and beef markets and on hog/cattle spreading. Hog futures gained on the spread activity as traders bought hogs while selling cattle due to the
U.S. live cattle gain in consolidation trade
U.S. cattle futures were higher on Thursday on a late bout of short-covering in consolidation trade, but weak cash markets and the global economic uncertainty dampened bullish momentum, analysts and traders said. "Cattle are suffering from the fallout of other markets. The weak macro behaviour is weighing on futures," said Sterling Smith, futures specialist for
Economic gloom hits U.S. live cattle futures
U.S. live cattle futures fell to a two-and-a-half-month low on Wednesday in a broad-based selloff sparked by renewed concerns about the global economy that led to safe-haven investing in the dollar at the expense of other investments such as cattle, traders and analysts said. "It’s a technical meltdown in cattle right now and a global
U.S. wheat soars on hopes of export demand shift
Chicago wheat futures soared more than two per cent on Thursday amid expectations that the world’s No. 4 exporter Russia could soon run out of supplies, forcing some demand to shift to the United States, the top shipper of the grain. The expectations stemmed from a large purchase of wheat from the Black Sea region,
U.S. soy tumbles on harvest weight
U.S. soybeans slid over one per cent on Wednesday, notching the biggest one-day drop in three weeks as the harvest in the Midwest farm belt got underway and on profit-taking a day after prices set an all-time high near US$18 per bushel. Prices in the cash market have been tumbling on expectations for increased supplies
U.S. soybeans hit all-time high
Soybean prices ended higher on Tuesday, after hitting a record high of nearly $18 per bushel as investment funds bought futures after the worst U.S. drought in 56 years devastated crops. Spot soybeans hit an all-time high of $17.94-3/4 per bushel, piercing the high of $17.80-3/4 hit last week (all figures US$). Soymeal, the main
U.S. wheat falls after Russia rules out export limits
Wheat prices fell more than one per cent on Friday to post their biggest loss in a week in reaction to month-end fund positioning, profit taking, and bearish news that Russia said it will not limit grain exports. Corn and soybeans also declined on profit-taking after corn soared to a drought-induced record high early in
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