U.S. wheat rose over one per cent on Wednesday, posting its best advance in two weeks on reports that China bought large quantities of wheat from Australia and the U.S. Wheat also traded higher on a bargain buying spree, after a series of eight consecutive daily losses drove the market to a one-year low earlier
U.S. wheat up one per cent as China buys
U.S. corn jumps two per cent on soaring cash markets
Chicago Board of Trade (CBOT) corn futures leaped over two per cent on Monday, posting the biggest one-day advance in nearly a month on soaring cash corn markets and tight stocks of corn. “July (old-crop) is definitely benefiting from the firm cash basis and tight near-term supplies. The western Corn Belt basis is very strong,”
U.S. cattle futures lower as beef eases
Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, with weaker beef markets and expectations for lower cash cattle trade in the U.S. Plains feedlot region lending pressure, traders and analysts said. Cattle futures have been up and down all week in consolidating trading as the market sought fresh leads from the price
U.S. cattle futures gain on short-covering
Chicago Mercantile Exchange (CME) live cattle futures closed higher on Thursday on technical short-covering and despite wholesale beef markets that eased again from recent record highs, traders and analysts said. “Boxed beef may be lower but there is still good movement. Cash cattle haven’t traded yet so it’s just a seesaw affair in the cattle
U.S. cattle futures dip as beef eases; cash seen lower
Chicago Mercantile Exchange live cattle futures closed lower on Wednesday as wholesale beef markets began to ease from record peaks and on some outlooks for lower cash cattle markets late this week, traders and analysts said. “They’re expecting weakness in cash cattle markets; there is seasonal weakness and there should be a lot of cattle
U.S. corn, soy jump one per cent on planting snarls
Chicago Board of Trade (CBOT) corn and soybean futures jumped one per cent on Friday as persistent heavy rains delayed U.S. planting of both crops, threatening production prospects. “Nobody wants to be short due to the planting issue. There is concern now that not everything will get planted,” said Roy Huckabay, analyst for Chicago-based trade
U.S. wheat drops on worries about GM wheat find
Chicago Board of Trade wheat futures fell on Thursday on concerns about the fate of U.S. wheat exports following the discovery of an unapproved genetically modified (GM) wheat variety in the U.S. Pacific Northwest (PNW). Japan, the top importer of U.S. wheat, canceled a tender to buy western white wheat after the U.S. government announced
U.S. hogs up on firm cash as trade ponders Smithfield deal
Chicago Mercantile Exchange (CME) lean hog futures rose on Wednesday on firm cash hog markets while traders digested news that a Chinese firm said it would buy U.S.-based Smithfield Foods, the world’s largest pork producer. “Cash hogs are strong. There’s a lot of talk about the Smithfield purchase on the trading floor and a lot
U.S. soy crumbles as China cancels purchases
Chicago Board of Trade (CBOT) soybean futures fell on Wednesday following news that China, the world’s largest buyer of soybeans, had cancelled an order for U.S. soy. Corn was mixed, with old-crop falling on profit-taking. But new-crop December rose for the fifth day in a row, hitting a one-month high as wet weather hampered U.S.
Soggy U.S. weather propels corn, soybean prices
Chicago Board of Trade (CBOT) corn and soybean futures rallied Tuesday with soy leaping more than two per cent, the most in two weeks, as wet U.S. weather threatened to trim crop acreage and yields. New-crop December corn futures, the corn contract most affected by planting delays, rose 2.7 per cent, the biggest gain for
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