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Crops, Markets

CBOT weekly outlook: U.S. interest rate decision could shake futures

Heat in forecast keeping U.S. corn supported

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MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) were certainly affected by the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released last Friday — but may be shaken again after the U.S. Federal Reserve decided to raise its key interest rate by 0.75 of a point. Ryan Ettner, a commodity broker
CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans hit one-week low as financial markets drop

CBOT corn, wheat ease amid inflationary worries

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Chicago | Reuters — U.S. soybean futures hit a one-week low on Tuesday and grains declined amid pressure from weak financial markets and concerns about inflation, analysts said. A second straight day of losses in equities and jitters about the economy helped drag down soy futures, after prices for the oilseed neared a record high
CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soybean, corn futures slide in broad sell-off

Early heatwave in Western Europe could stress wheat

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Chicago | Reuters — U.S. soybean and corn futures fell on Monday as broad-based selling and pressure from losses in other markets overshadowed concerns about unfavourable crop weather, analysts said. Global stocks and government bonds plunged and the dollar hit two-decade highs as red-hot U.S. inflation stoked worries about even more aggressive policy tightening. At
CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soybeans down off Thursday’s near-record high

Corn futures edge up, K.C. wheat jumps

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Chicago | Reuters — Chicago Board of Trade soybean futures ended weaker on Friday on profit-taking, after rallying close to an all-time high on strong U.S. export demand and supply concerns. Supply uncertainty remained, as the U.S. Department of Agriculture cut its estimates for 2021-22 domestic ending stocks by about 13 per cent to 205
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Crops, Markets

June USDA report includes few changes or surprises

U.S. corn, soybean carryout projections down from May's

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MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop
chicken looking at camera
News, Poultry

U.S. pitches rule on chicken contracts

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Reuters – The Biden administration proposed a rule May 26 requiring U.S. meat packers to be more transparent in their dealings with contract farmers, in an effort to enhance competition in the highly consolidated industry. Farmers and consumer groups have argued for decades that consolidation in the beef, pork and chicken sectors, where four companies
Beef cattle, Livestock, Livestock Markets

U.S. beef price-fixing investigation proposed

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U.S. senators, Elizabeth Warren and Mike Rounds on May 19 introduced a bipartisan resolution asking the Federal Trade Commission (FTC) to investigate beef companies for potential price-fixing. It is the latest effort by politicians to hold meat companies accountable for high food prices, which critics blame in part on U.S. beef production being controlled by
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Livestock, News

Canada concerned as COOL talk builds on Capitol Hill

The U.S. seeks ways to resurrect country-of-origin labelling without sparking another WTO complaint from Canada

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Democrats and Republicans in the U.S. don’t agree on much, but in trade protectionism, there’s common cause. That’s why increasing bipartisan talk on Capitol Hill to resurrect COOL (country-of-origin labelling) for U.S.-sold beef, has Canada’s meat sector on guard. COOL is back in the headlines, seven years after a lengthy World Trade Organization (WTO) dispute
CBOT July 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets

U.S. grains: Corn futures touch six-week low

Wheat weakens, soybeans strong

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Chicago | Reuters — U.S. corn futures dropped 1.8 per cent to a six-week low on Tuesday, pressured by a government report that farmers have made good progress in their much delayed planting tasks during the past week, traders said. “This is likely to ease previous concerns that the delays to planting could lead to

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