FOB Gulf Grain-Soybeans firm, corn and wheat steady

CHICAGO, May 16 (Reuters) – U.S. FOB Gulf grain and soybean values were mostly steady at the close on Friday, with new-crop soybeans showing the most strength, traders said. * FOB soybean offers for May/June loadings were unchanged from Thursday at 95 cents a bushel over while new-crop were up 5 cents. November loadings were




CME live cattle futures turn up; hogs weak

May 16 (Reuters) – Chicago Mercantile Exchange live cattle turned moderately higher in choppy trading on Friday, supported by short-covering, traders said. * They said futures are at a discount, or underpriced, to prices for market-ready or cash cattle which encouraged buyers. * Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report.



FOB Gulf Grain-Soy basis firms, corn/wheat steady

CHICAGO, May 15 (Reuters) – U.S. FOB Gulf soybean basis offers were 5 cents a bushel firmer for old-crop loadings and 1-2 cents firmer for new-crop loadings after futures dropped sharply on Thursday, traders said. * Corn and wheat basis offers were steady after futures fell on profit-taking. Exporters said inquiries for corn were still





CME live cattle futures trade mixed; hogs drop

May 15 (Reuters) – Chicago Mercantile Exchange live cattle futures traded mixed on Thursday as investors adjusted positions before the U.S. Department of Agriculture issues the monthly Cattle-On-Feed report on Friday, traders said. * Analysts expect the data to show cattle placements last month declined from April 2013 after several years of drought in parts