CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more

CBOT April 2019 soybeans with 20- and 100-day moving averages. (Barchart)

U.S. grains: Soy edges higher after China sales

Chicago | Reuters — U.S. soybean futures edged higher on Wednesday as the government confirmed more soy purchases by China, but the market remained largely static as traders waited for a raft of U.S. crop data due on Friday, some of it delayed by the government shutdown. Corn futures eased for the first time in […] Read more


U.S. livestock: Hogs fall on technical selling, live cattle up

U.S. livestock: Hogs fall on technical selling, live cattle up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined more than one per cent on Tuesday, giving back a portion of gains notched on Monday in a technical setback, traders said. Hogs on Monday surged from a multimonth low, boosted in part by technically oversold conditions. But the market remained anchored by abundant […] Read more

The arrest in Vancouver of Huawei chief financial officer Meng Wanzhou, shown here with Russian President Vladimir Putin at an investment forum in Moscow in October 2014, has further dampened hopes of revived commodity flows between the U.S. and China. (File photo: Reuters/Alexander Bibik)

Canadian canola runs into Chinese delays after Huawei arrest

Winnipeg/Beijing | Reuters — A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports and causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders. Since Canadian authorities arrested Huawei chief financial officer Meng Wanzhou in […] Read more





CBOT March 2019 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy climbs on fresh sales to China

Chicago | Reuters — The most-active U.S. soybean futures contract reached its highest level since June on Friday on news of fresh U.S. soy sales to China, but the market pared gains as traders considered plentiful global supplies. Wheat futures rose as firming U.S. cash markets signaled a pick-up in export demand, and corn followed […] Read more



U.S. livestock: Cattle futures ease after hitting contract highs

U.S. livestock: Cattle futures ease after hitting contract highs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday on a round of profit taking after hitting contract highs early in the session. Feeder cattle contracts weakened in sympathy while hog futures eased on concerns about the spread of African swine fever, traders said. Hog futures hit their lowest since Aug. […] Read more

CBOT weekly outlook: Soy, corn follow trade talks closely

CBOT weekly outlook: Soy, corn follow trade talks closely

Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more