Chicago | Reuters — Chicago Board of Trade grain and soybean futures soared on Wednesday after the U.S. Department of Agriculture surprised traders by reporting crop inventories that were smaller than expected. Supply levels have declined after China, the world’s top soybean importer, stepped up its purchases of U.S. farm goods this summer. Corn supplies […] Read more
U.S. grains: Corn, soy, wheat futures surge on lower-than-expected stocks
U.S. livestock: Lean hogs climb on bullish pork export prospects
Live cattle continue following hogs higher
Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on expectations of increased export demand for U.S. pork after rival supplier Germany confirmed a case of African swine fever in a wild boar. Chicago Mercantile Exchange (CME) October lean hog futures settled up 2.2 cents at 66.575 cents/lb. […] Read more
U.S. grains: Soy rallies on expectations for higher exports
U.S. yield estimates may decline more, analysts say
Chicago | Reuters — Chicago Board of Trade soybean futures on Friday rallied to their highest since June 2018 as traders projected an increase in the U.S. Department of Agriculture forecast for exports with a further cut in domestic production. Corn futures reached a six-month high, while wheat futures fell to a two-week low. USDA, […] Read more
U.S. rolls back inspection rules for egg products
New rule to affect 83 U.S. facilities
Chicago | Reuters — The Trump administration said Wednesday it will stop requiring U.S. plants that produce egg products to have full-time government inspectors, in the first update of inspection methods in 50 years. Under a new rule that takes effect immediately, the U.S. Department of Agriculture will allow companies such as Cargill and Sonstegard […] Read more
U.S. livestock: Hog futures hit four-month high on export hopes
Post-Labour Day beef demand in doubt
Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more
U.S. grains: Chinese buying, crop doubts push soy to two-year high
CBOT corn recoups some losses from previous day
Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more
U.S. grains: Soybeans climb on increased Chinese demand
Egypt buys Russian wheat in tender; traders await USDA crop reports next week
Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more
U.S. livestock: Hogs hit four-month high on strong export sales
CME cattle lower on demand uncertainty
Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more
U.S. grains: Soy futures jump on reported China purchases
CBOT wheat futures retreat after setting five-month top
Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more
U.S. livestock: Live cattle touch late-July lows on demand jitters
U.S. pork export data due out Thursday
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday dropped to their lowest prices since July amid uncertainty about how much U.S. demand will decline as the summer grilling season draws to a close. Beef and cattle prices are often weak this time of year as demand weakens. This year, closures of […] Read more
Canadian Cattlemen Presents: Depth of Field
