U.S. soybean futures fell nearly two per cent on Friday on profit-taking after increased purchases from the United States by top soy importer China and a strike by Brazilian port workers had sent prices to a 3-1/2-month peak. "We do have potential for the bullish weather in Argentina and bullish port strike news in Brazil
U.S. soy dips after scaling 3-1/2-month peak
U.S. soy posts third day of gains on supply worries
U.S. soybeans rose nearly one per cent on Wednesday, posting the biggest three-day gain in seven months, on concerns about shrinking old-crop stocks as Argentine harvest prospects wane and brisk exports of U.S. soy draw down razor-thin supplies. Soybeans withstood an across-the-board selloff in commodities triggered by rumours that a troubled hedge fund was selling
U.S. soy leaps most in seven months on Argentina woes
U.S. soybeans jumped three per cent on Tuesday, the biggest advance in seven months, on concerns about crop prospects in Argentina following disappointing rainfall and as China returns to the buy-side of the soybean market after the Lunar holiday. Soybeans also gained support from slow shipments from Brazil, as well as technical buying on follow-through
U.S. live cattle end up, in tepid recovery
Chicago Mercantile Exchange (CME) live cattle futures closed higher on Monday on a technical short-covering bounce after the steep slide of prices on Friday and the market showed a lack of momentum to the upside, traders said. "We opened higher, turned down on liquidation and then bounced back so everybody is waiting to see where
U.S. live cattle futures down on poor profits
Chicago Mercantile Exchange (CME) live cattle futures contracts were lower on Wednesday on poor profit margins for packers and feeders, while hog futures also dropped on falling pork product prices, analysts and traders said. "Technically, cattle are weak and the April contract is holding a huge premium to cash," said Jim Clarkson, analyst for A+A
U.S. soy falls to six-week low on crop prospects
U.S. soybeans fell over one per cent to a six-week low on Friday, the fourth consecutive daily drop, on prospects the U.S. government may increase its forecast size of the U.S. crop, a likely bumper harvest of South American soy and China’s cancellation of orders for U.S. soybeans. "A lot of this has to do
U.S. soybeans drop again after China cancels order
U.S. soybean prices fell for the third consecutive trading session on Thursday, extending losses after China, the world’s biggest soy importer, cancelled orders for U.S. soy and on expectations for bumper crops in South America. "We’re about two weeks away from the start of probably a record Brazilian soybean harvest," said Art Liming, futures specialist
U.S. grains tumble as fiscal deal euphoria fades
U.S. grains tumbled on Wednesday, led by a three per cent slump in wheat prices, as a rebound in the dollar wiped out early gains fueled by U.S. lawmakers acting to prevent massive tax increases and spending cuts. Soyoil was the only market that held strong throughout the first trading day of 2013, supported by
U.S. cattle futures gain, hog futures firm
U.S. cattle futures rose Friday over improved optimism that lawmakers would work through budget differences and traders awaited the U.S. Department of Agriculture’s October cattle-on-feed report. Livestock futures also have been finding support from declining Chicago (CBOT) corn and soymeal, which will lower feed costs. Corn turned firm late on Friday but is still down
U.S. cattle down on weak beef; hogs fade
U.S. live cattle futures ended down on Thursday on pressure from weak cash cattle and wholesale beef markets, and feeder cattle fell on signs feed costs may again be rebounding, analysts and traders said. "Cattle were technically weak and I think fundamentals are weak but I’m bearish so let’s just say it’s choppy," said Jim Clarkson,
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