Chicago Mercantile Exchange (CME) livestock futures turned lower on Thursday, with cattle futures slumping amid a flurry of fund selling and weakening wholesale pricing, traders said.
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U.S. livestock: Cattle, pork futures fall amid fund selling
U.S. grains: Corn, soybeans face bearish pressure on hefty supplies
Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.
Canadian markets ignoring any weather woes for now
Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.
Prairie feed grain markets trending lower as harvest looms
Feed grain bids in Western Canada continue to trend lower, with early harvest pressure contributing to the softness.
Saskatchewan crops advance rapidly: report
Hot temperatures and a lack of moisture saw crops in Saskatchewan continue to advance rapidly during the week ended Aug. 5, according to the latest provincial crop report, with the conditions leading to a further decline in yield potential. While any moisture received would be too late for advanced crops, producers indicated precipitation would still
Sixty-six per cent chance of La Niña weather emerging, U.S. forecaster says
There is a 66 per cent chance of the La Niña weather pattern, characterized by cold temperatures in the Pacific Ocean, emerging during September-November, a U.S. government forecaster said on Thursday.
U.S. grains: Corn, soybeans ease on US crop expectations, demand concerns
Chicago Board of Trade corn and soybean futures turned lower on Wednesday as markets came under pressure from expectations of a U.S. bumper crop, moderate weather in the Midwestern corn belt and sluggish oilseed demand, traders said.
U.S. livestock: Live cattle mixed, feeder cattle lower; lean hogs ease
Chicago Mercantile Exchange live cattle futures were mixed on Wednesday, and feeder cattle turned lower, as the U.S. dollar continued to recover and livestock traders remained uneasy about the health of the global economy, market analysts said.
ICE Weekly: Canola could go lower despite correction
Canola futures at the Intercontinental Exchange (ICE) followed the lead of vegetable oils during the first trading week of August, posting sharp losses despite seeing a modest correction on Aug. 7.
Bearish Chicago grains/oilseeds in need of a new story
Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
Cyber-Savvy Farmer
