CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)

U.S. livestock: CME hog futures rise on sustained buying

Interest tied to bullish USDA report; cattle futures continue lower

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on continued buying interest tied to the recent bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled up 0.8 cent at 91.6 cents/lb., while the most-active December contract rose 1.8 cents



North American Grain and Oilseed Review: Volatile session leads to lower canola

CBOT turn volatile after USDA reports

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished lower in volatile trading on Thursday. That included canola making double-digit gains before falling well back into the red, but its recovery was not to be. This was largely guided by Chicago soyoil, which also incurred large increases, only to

Prices are high, but production is down. For farmers who signed forward pricing contracts that’s a difficult position. A different strategy might have given them the same protection with less risk.

Avoiding the grain contract blues

Delivery contracts aren’t the only game in town when it comes to managing price risk

The old saying goes “you’ll never go broke selling crops for a profit,” — but you could be in a financial pickle if you don’t deliver what you sold. That hard financial reality has put the long tradition of forward pricing contracts under the microscope this year. It’s prompting questions about the responsibility farmers and


Most farmers, because of the production risk, will only price a portion of their crop until it’s in the bin.

Futures options by the numbers

Options might seem costly, but they’re more flexible and can be cheaper in the end

The cost of using options to lock in a floor price for crops is tied to the floor price. The higher the floor price, the higher the cost of what is essentially an insurance premium. If a farmer pays, say, $1 a bushel to lock in a minimum canola price of $16 a bushel, the

While expectations for a way smaller crop remain supportive, canola values may not have much room left to the upside.

Demand for canola seen retreating with supplies

Incoming U.S. soy crops will have a seasonal influence on oilseed values

ICE Futures canola contracts held rangebound during the week ended Sept. 24, with seasonal harvest pressure on the one hand, countered on the other by the fact that the crop coming off the fields is extremely small. The November contract has held in a sideways range between $850 and $920 since the middle of July.


ICE Canola Midday: Prices glean support from soy, palm oils

Not expecting great movement from USDA stocks report

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Thursday getting spillover from significant upticks in both Chicago soyoil and Malaysian palm oil. European rapeseed was up as well, but by smaller amounts than what it has seen recently. A trader said that canola has been