Chicago Board of Trade (CBOT) wheat futures rose to a three-week high on Wednesday on brisk demand from feeders and exporters, while corn rose to a six-week high with the market buoyed by tight stocks, firm cash and slow farm sales. “Wheat strength is the easier trend to identify today. Wheat remains very competitive to
Brisk export, feed demand lift U.S. wheat
U.S. corn at six-week peak on snug stocks, strong cash
Chicago Board of Trade (CBOT) corn futures rose one per cent on Tuesday, the biggest one-day advance in a week, to a six-week peak on dwindling supplies of corn, slow farmer selling and firm cash basis markets. Active spot May corn futures broke above technical resistance at the 200-day moving average, reaching a session high
U.S. soybeans slip on Cyprus worries
Chicago Board of Trade (CBOT) soybean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus — and on availability of a large South American soybean harvest. Wheat turned down for the first time in seven trading sessions
U.S. corn up one per cent; third day of gains on tight stocks
Chicago Board of Trade (CBOT) corn futures rose over one per cent, posting advances for the third straight session on Monday on tight stocks and on spillover from the rally that followed the bullish corn supply numbers the U.S. government released Friday, traders said. "Corn is leading everything higher today and it’s technical support after
U.S. plains feedlot cattle suffer in blizzard
Reuters / Cattle in the vast U.S. High Plains region were stressed by this week’s severe blizzard, leading to big weight losses and boosting Chicago Mercantile Exchange (CME) live cattle futures prices, feeders and livestock experts said on Feb. 27. The storm dumped up to 20 inches of wet snow in some areas, accompanied by
U.S. live cattle futures nearly flat; beef underpins
Chicago Mercantile Exchange (CME) live cattle futures ended nearly flat on Thursday after scaling a six-week peak on firm beef markets tied to reduced output due to a major winter storm in the U.S. Plains, traders and analysts said. Spot February cattle expired down 0.55 cent per pound at 128 cents, while most active April
U.S. live cattle futures jump as blizzard trims supply
Chicago Mercantile Exchange (CME) live cattle futures rose to a six-week high on Friday on strong cash cattle markets due to a blizzard that trimmed weight gains and cut down on the number of cattle that were ready for market, analysts and traders said. Spot CME cattle futures rose nearly three per cent for the
U.S. live cattle futures hit month peak as beef trimmed
Chicago Mercantile Exchange (CME) live cattle futures rose for the fifth consecutive trading session on Wednesday, gaining nearly one per cent to a month high on reduced beef tonnage following winter storms in the U.S. Plains that slashed feedlot cattle weight gains, traders and analysts said. "They’re thinking cash cattle will be higher this week
U.S. live cattle futures up as storm trims beef
Chicago Mercantile Exchange (CME) live cattle futures were higher on Tuesday with a major snowstorm slamming into the U.S. Plains’ cattle-feeding states, slashing fed cattle weights and slowing livestock movement, analysts and traders said. "This is the second big storm in five days so there is no doubt we are taking some serious weight, some serious
Break in Plains drought seen this week
Reuters / Agricultural meteorologists said on Tuesday of this week that the precipitation in the next week to 10 days would provide significant relief for crop prospects in the U.S. Plains and Midwest. John Dee, meteorologist for Global Weather Monitoring, said “this will really help add to soil moisture levels.” Dee said .50 inch to
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