Chicago soybean futures rose on Friday, driven by short-covering ahead of the weekend and technical buying, after forecasts for a bumper South American crop sent soy futures plunging to a four-year low a day earlier.
Chicago soybean futures rebounded on technical buying on Thursday after plunging to a four-year low, while wheat fell to lifetime lows as a strong dollar added to concerns about competition from other exporting zones, traders said.
Chicago Mercantile Exchange (CME) live and feeder cattle contracts slid on Thursday as weakness in equities, a strong dollar and technical trading pressured futures, analysts said.
Chicago Mercantile Exchange (CME) cattle contracts slid on Wednesday as profit-taking, a stronger dollar and a selloff across agricultural commodities weighed on futures, analysts said.
Chicago soybean futures fell to a four-year low on Wednesday, pressured by bumper crop prospects in Brazil and a slide in soyoil prices after a proposed U.S. government spending bill failed to include support for biodiesel, traders said.
Chicago Mercantile Exchange (CME) feeder cattle futures rose on Tuesday as market players anticipated a constricted supply of cattle and awaited a monthly cattle supply report later in the week, traders said.
Chicago soybean futures sank to life-of-contract lows on Tuesday as favorable crop conditions in Brazil and weak Chinese demand for U.S. soybeans hung over the market, traders said.
Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Monday as market players digested news that Mexican cattle imports to the U.S. will likely resume in the New Year, traders said.
Chicago corn and soybean futures seesawed on Monday as market players weighed an uptick in fund buying interest against the prospect of a bumper South American corn and soy crop, traders said.
Chicago Mercantile Exchange (CME) feeder cattle futures fell on Friday, on news the U.S. could resume feeder cattle imports from Mexico after Washington suspended cattle imports from Mexico over a case of New World screwworm.