(Photo courtesy United Soybean Board)

U.S. grains: Soybeans hit three-week low

Chicago | Reuters — U.S. soybean futures closed lower on Tuesday for a third straight session, reversing from early strength to touch a three-week low on expectations for large South American soy harvests, analysts said. Wheat futures fell while corn firmed, supported by export demand and technical buying. Chicago Board of Trade March soybean futures




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Firmer beef quote rallies CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted strong gains on Tuesday, reversing Monday’s selloff, fueled by short-covering and wholesale beef price rebound, said traders. Technical buying ensued after investors bought the February contract and simultaneously sold deferred months in a trading strategy known as bull spreads. February live cattle closed 1.45





(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, corn rise to multi-month highs

Chicago | Reuters — U.S. wheat and corn futures extended gains to set multi-month highs on Friday on follow-through buying after the U.S. Department of Agriculture slashed domestic stockpile estimates in a monthly report on Thursday. Soybeans also were higher as investors defended their net long position despite expectations for a record-large harvest in top