* Soybeans rise for 2nd day on tight U.S. supply
US Markets
GRAINS-Soy hits 3-wk peak on supply woes, corn near 11-wk low
FOB Gulf Grain-Soybean basis steady as futures soar
CHICAGO, May 21 (Reuters) – U.S. FOB Gulf soybean basis offers were steady to firm on Wednesday after Chicago futures soared late on talk of Chinese demand for new crop and tight U.S. stocks before harvest, traders said. * Corn and wheat basis was also steady with corn supported by continued good export demand and
U.S. Cash Grains-Corn basis bids steady/up; weather stalls planting
May 21 (Reuters) – Corn spot basis bids were mostly steady to higher at elevators, processors and ethanol plants around the U.S. Midwest in quiet trade early on Wednesday, dealers said. * An eastern Iowa processor and an western Iowa ethanol plant increased corn bids in an effort to entice farmers to sell, dealers at
CME live cattle futures turn up; hogs higher
May 21 (Reuters) – Chicago Mercantile Exchange live cattle futures turned moderately higher on Wednesday in choppy action, supported by short-covering in response to improved wholesale beef demand, traders said. * Reduced kills and grocers gearing up for spring grilling likely pushed up wholesale beef values, traders and analysts said. * Futures’ discount to last
U.S. Cash Grains-Soybean basis bids steady; light soy sales
May 20 (Reuters) – Soybean spot basis bids were mostly steady at elevators and processors in the U.S. Midwest early on Tuesday as some farmers sold old-crop supplies, grain merchants said. * Soybean futures rallied on Monday and were higher again on Tuesday, which enticed some farmers to sell the remainder of soybeans stored in
CME live cattle, hog futures slip on profit-taking
May 20 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately weaker on Tuesday, pressured by profit-taking after Monday’s rally, traders said. * Futures’ discount to last week’s cash cattle prices, along with Monday’s wholesale beef price gains, limited losses, they said. * At 8:19 a.m. CDT (1319 GMT), June was down 0.325 cent per
GRAINS-Wheat prices climb as U.S. crop ratings decline further
* USDA report shows planting of spring wheat behind expectations
U.S. Cash Grains-Corn, soy basis bids steady; quiet trade
May 19 (Reuters) – Corn spot basis bids were steady at elevators and processors in the U.S. Midwest early on Monday in quiet trade as farmers waited for drier field conditions, grain merchants said. * Wet fields in the Eastern Corn Belt kept most farmers from resuming planting activity over the weekend, farmers said. *
CME live cattle seen opening firm; hogs mixed
May 19 (Reuters) – Chicago Mercantile Exchange live cattle futures were expected to open firm on Monday, supported by Friday’s neutral to mildly bullish U.S. Department of Agriculture monthly Cattle-On-Feed report, traders said.
GRAINS-Wheat slides 1 percent to five-week low
SYDNEY, May 19 (Reuters) – U.S. wheat futures fell 1 percent on Monday, sliding for a ninth straight session, as forecasts called for rains across key growing regions this week, pushing prices to a five-week low. FUNDAMENTALS * Chicago Board Of Trade July wheat fell 1.0 percent to $6.67-3/4 a bushel, having hit a session
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