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CBOT July 2021 corn (candlesticks) with MGEX, CBOT and K.C. July 2021 wheat (green, black and orange lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

CBOT wheat follows trend lower

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Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago
CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit down for second consecutive day

CME August cattle end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell by an exchange-imposed limit for a second consecutive session on Thursday as commodities declined broadly. Selling by index funds fueled losses in markets from hogs to cattle and corn, after the U.S. Federal Reserve signaled it might raise interest rates sooner than expected,
CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and August 2021 live cattle (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit down on new China stats

Live cattle futures up with cash values

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell their daily three-U.S.-cent limit on Wednesday, pressured by falling U.S. wholesale prices for pork products and news of increasing hog numbers in China, traders said. China’s pig herd rose 23.5 per cent in May from a year earlier, state media said on Wednesday,
CBOT July 2021 soybeans (candlesticks) with CME July 2021 crude palm oil and ICE July 2021 canola (green and yellow lines, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans down with vegetable oil prices

Chicago July corn, wheat up

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Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of
CME August 2021 live cattle with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle hit two-month high

CME lean hogs end mixed

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose more than two per cent on Tuesday, setting a two-month high as deferred prices for corn, the main feed grain for cattle, continued to fall, traders said. CME benchmark August live cattle futures settled up 2.625 cents at 123.9 cents/lb. after reaching 124.125
CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)
Crops, Markets

U.S. grains: Soy eases on improved weather view

Chicago corn mixed, wheat down

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Chicago | Reuters — U.S. soybean futures fell on Tuesday on an improved weather outlook for the Midwest crop belt, analysts said. The forecasts for cooler and wetter conditions later this month also pressured new-crop corn futures on the Chicago Board of Trade (CBOT), although front-month July gained against back months on spreads, reflecting tight
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (brown and black lines) and CME August 2021 lean hogs (pink line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures climb as corn prices cool

Lean hogs end lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose on Monday, reaching a one-month top as falling prices for feed grains lifted feeder cattle futures, traders said. CME August live cattle futures settled up 1.25 cents at 121.275 cents/lb. after reaching 121.575 cents, the contract’s highest since May 13. August feeder cattle
CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and CBOT July 2021 corn (orange line, left column). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy drop; soyoil limit-down

Spring wheat futures guide wheat markets lower

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Chicago | Reuters — U.S. corn and soybean futures eased and soyoil futures plunged by their daily trading limit on Friday on concerns about demand for renewable fuel feedstocks after news the White House was considering offering fuel refiners relief from biofuel blending mandates. The Reuters report that the U.S. Environmental Protection Agency was pondering
CME August 2021 live cattle (candlesticks) with 20- and 100-day moving averages (dark red and black lines) and CME July 2021 lean hogs (pink line). (Barchart)
Livestock, Markets

U.S. livestock: Cattle gain on strong packer margins

Profit-taking sinks hogs

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Friday on strong beef plant margins and good demand from packers for fed cattle, traders said. Cash beef prices have flattened after a prolonged run higher, but packers continue to make a large profit on each animal slaughtered. “We’re probably seeing that our

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