CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn slip on profit taking, macro pressure

Exports lift wheat futures

Chicago | Reuters — U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market. Corn futures followed soybeans lower, but wheat rallied after the U.S. Department of Agriculture (USDA) reported stronger-than-expected weekly export sales and confirmed a

CBOT November 2023 soybeans with 20- and 50-day moving averages and December 2023 soymeal (dark grey line, left column). (Barchart)

U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops

CBOT corn, wheat also higher

New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle


CME December 2023 live cattle with 30-, 40- and 50-day moving averages. (Barchart)

U.S. livestock: CME cattle, hogs rise on technical buying

USDA supply data seen as priced into market

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels.

File photo of a case of lumpy skin disease in Bangladesh. (Md Babul Hosen/iStock/Getty Images)

Australia buys vaccines for lumpy skin disease to safeguard cattle exports

Recent scares halted some live export trade

Canberra | Reuters — The Australian government said on Wednesday it had bought a supply of vaccines for lumpy skin disease (LSD), a highly infectious condition affecting cattle, as part of efforts to control the disease and maintain live animal exports. The government says Australia is free of LSD but infection scares in recent months


(Geralyn Wichers photo)

Feed weekly outlook: Demand for feed grains ‘in a lull’

U.S. corn harvest a work in progress

MarketsFarm — Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “I think we’re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,” Leclerc said,

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Pulse weekly outlook: Smaller yields than last year in Saskatchewan

Pulse production seen varying by location

MarketsFarm — Yields and crop conditions from this year’s pulse harvest in Saskatchewan largely varied by location, according to SaskPulse executive director Carl Potts. “Generally on the east side of the province and some areas of the south, some pretty good yields. And then in the west-central, southwest regions, some yields that were quite low.


CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Chicago cattle turn higher

CME lean hogs mostly lower

Chicago Mercantile Exchange (CME) cattle futures turned solidly higher Wednesday while lean hogs mostly continued lower. Most-active December live cattle closed 1.975 cents higher Wednesday at 186.975 cents/lb., erasing two days’ losses, but not before touching a one-month low of 184.25 (all figures US$). Both front-month October 2023 and February 2024 turned 1.925 cents higher,

CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago soy touches 22-month low ahead of USDA report

CBOT wheat also lower; corn firm

New York | Reuters — Chicago soybean and wheat futures fell on Wednesday, and corn futures firmed as the markets turned their attention to widely-followed U.S. government crop forecasts. The most-active soybean contract on the Chicago Board of Trade (CBOT) dropped 19 cents, about 1.5 per cent, to settle at $12.52-1/2 a bushel (all figures


CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: Live cattle mostly lower

Lean hogs also down a second day

Most-active December live cattle on the Chicago Mercantile Exchange (CME) turned lower for a second day in a row Tuesday, as did lean hog and deferred-month feeder cattle futures. December live cattle closed Tuesday at 185 cents/lb., down 0.35 cent on the day, while lightly-traded front-month October ended up 0.2 cent at 182.575 cents/lb. (all

CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans lifted by bright report on export demand

CBOT wheat down sharply, corn also lower

New York | Reuters — Chicago soybean futures rose on Tuesday, rebounding sharply from early losses on lift from technical trading and data showing a pickup in exports of the U.S. oilseeds. Corn prices weakened, and wheat futures fell sharply. The most-actively traded Chicago Board of Trade soybean contract rose 0.6 per cent to $12.71-1/2