CBOT July 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, wheat, soy step back after reaching new eight-year highs

Wheat at highest since February 2013 after U.S. crop rating fall

Chicago | Reuters — Chicago corn, wheat and soybean futures ended Tuesday lower after extending a rally to eight-year highs, supported by corn supply worries as adverse weather cast early doubts over harvest prospects in top exporters Brazil and the United States. A sharp decline in weekly U.S. wheat crop ratings also kept the focus […] Read more

CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)

U.S. livestock: Live cattle ease on higher grain costs

Feeder cattle, lean hogs mixed

Chicago | Reuters — U.S. live cattle futures eased on Tuesday, as higher input costs could lead to near-term selling of cattle as producers are resistant to paying higher feed costs, traders said. “You’ve got your cost of gains climbing and climbing,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “Could be some […] Read more


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn nears eight-year high on tight supplies

Wheat, soybeans at 2013 peak

Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained […] Read more

CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)

U.S. livestock: Cattle futures climb on USDA report

Lean hog futures' gains continue

Chicago | Reuters — U.S. live cattle futures gained on Monday, supported by Friday’s monthly Cattle on Feed report that showed smaller-than-expected placements, traders said. Chicago Mercantile Exchange June live cattle futures settled 0.55 cent higher at 116.275 cents/lb. while the August contract ended 1.1 cents higher at 117.95 cents (all figures US$). “It wasn’t […] Read more


CME August 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures close narrowly mixed

CME hog futures climb

Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Friday, with nearby contracts pressured by lacklustre cash cattle trade and position-squaring ahead of a monthly government cattle report, analysts said. Chicago Mercantile Exchange June live cattle futures settled down 0.125 cent at 115.725 cents/lb. while the August contract ended up 0.125 cent […] Read more

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, soy extend multi-year highs

Tightening global supply picture supportive; CBOT wheat also up

Chicago | Reuters — U.S. corn and soybean futures closed firm on Friday after rocketing to multi-year highs this week on tightening domestic and global supplies, traders said. As stocks from the 2020 harvest dwindle, dryness in Brazil and a U.S. cold spell raised doubts about prospects for the 2021 corn crops in the world’s […] Read more


A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

U.S. grains: Corn highest since 2013

Soy tops US$15, wheat over US$7 on supply fears

Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above $7 a bushel and soybeans […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures extend slide as corn prices charge higher

Chicago | Reuters — U.S. cattle futures closed lower on Thursday for the 10th time in the last 11 sessions, pressured by fund-driven long liquidation and soaring corn prices that threaten cattle feeders’ profits, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.4 cents at 115.85 cents/lb. (all figures US$). CME August […] Read more


CBOT May 2021 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)

U.S. grains: Corn, soy climb to multi-year highs

Tight supplies, weather woes supportive; wheat also up

Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more

CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, red lines) and August 2021 feeder cattle (black line). (Barchart)

U.S. livestock: Cattle, hog futures sag on technical selling

Wholesale beef prices supportive

Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures […] Read more