Chicago Board of Trade wheat futures hit contract lows on Thursday as low prices for Black Sea wheat and a stronger dollar undercut the competitiveness of U.S. grains, analysts said.
Chicago Mercantile Exchange (CME) live and feeder cattle futures ticked higher on Thursday on a spree of bargain buying as industry players believed cattle futures were oversold, analysts said.
China has widened its investigation into imported EU products, adding an anti-subsidy probe of cheese, milk and cream to anti-dumping checks on pork and brandy.
Chicago Board of Trade wheat futures Wv1 fell on Wednesday as heavy world supplies and cheap Black Sea exports weighed on prices, ahead of a potential Canadian rail stoppage on Thursday.
Chicago Mercantile Exchange (CME) live and feeder cattle futures took a steep dive on technical selling on Tuesday, analysts said, while lean hogs ticked down following cattle's slide.
As Canada braced for a freight rail stoppage that could hit industries ranging from autos to agriculture, the trucking sector said it faced higher demand it could not meet.
Nearly three dozen North American agriculture groups, in a joint letter to the U.S. and Canadian governments today, urged action to avoid a rail stoppage.
Corn yield prospects in both Ohio and South Dakota were below last year's findings, but higher than the three-year average, scouts on an annual tour of top U.S. production states found on Monday.