CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle up on short covering, discount to cash

Short covering also lifts CME hogs

Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Tuesday in a short-covering rebound from multi-month lows in the prior session, supported by the market’s steep discount to cash market prices. Feeder cattle futures rose by as much as the daily trading limit, triggering expanded limits for both feeders and live cattle for […] Read more

File photo of cattle in an Alberta feedlot. (Geralyn Wichers photo)

Klassen: Strong demand continues to support feeder market

Significant downside risk ahead

For the week ending Nov. 25, western Canadian yearling prices were $4-$8/cwt lower compared to seven days earlier. However, calf markets were firm trading $5-$8/cwt on either side of unchanged compared to values quoted a week prior. Optimal weather in southern Alberta caused major feedlot operators to stretch their hands across the Prairies. At the […] Read more


(File photo by Dave Bedard)

Speculators buy back bearish canola bets in latest report

Funds reduce net long in soybeans

MarketsFarm — Fund traders were actively covering bearish bets in canola during the week ended Nov. 21, buying back some previously placed short positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). The report was delayed due to the U.S. Thanksgiving holiday. As of Nov. 21, 2023, […] Read more

CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)

U.S. grains: CBOT wheat futures hit contract lows

March corn falls 1.7 per cent, soybeans touch three-week low

Chicago | Reuters — Chicago grain and soybean futures tumbled on Monday after the Thanksgiving holiday weekend, pressured by slow demand and technical selling and as traders liquidated positions ahead of Thursday’s first notice day for deliveries. Chicago Board of Trade March and May corn futures and all wheat contracts fell to contract lows while […] Read more


CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Fund selling sends CME cattle to multi-month lows

February hogs touch contract low

Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled sharply for a second straight session on Monday on fund long liquidation, technical selling and concerns about slowing beef demand and rising supplies. Actively traded February live cattle dropped to an eight-month low while several deferred-month contracts posted life-of-contract lows. January feeder cattle plunged more […] Read more

CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle collapse to March lows

Chicago February hogs set contract low

Chicago | Reuters — Cattle futures sank to their lowest levels in nearly eight months at the Chicago Mercantile Exchange on Friday on increased concerns about easing demand for U.S. beef. Technical selling accelerated the slide after funds recently liquidated long positions, traders said. “We don’t know what demand is going to be a year […] Read more


CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans fall as rain benefits top supplier Brazil

Most-active K.C. wheat reaches July 2021 low

Chicago | Reuters — Chicago Board of Trade soybean futures tumbled on Friday under pressure from favourable rains in Brazil, the biggest global supplier, analysts said. The market has pulled back about five per cent since jumping last week to its highest price since August amid concerns over hot, dry weather reducing output in northern […] Read more

A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)

CBOT weekly outlook: The three main factors affecting soybeans

'Here at $13.60, we're 70 cents overpriced'

MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and […] Read more


ICE January 2024 canola with 20- and 200-day moving averages and nine-day exponential moving average. (Barchart)

ICE weekly outlook: Purely technical canola market trending up

Activity expected thin until next week

MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more

CBOT January 2024 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans tumble on downpours in drought-stricken Brazil

Wheat rises after Russian attack on Ukraine port; CBOT corn eases

Chicago | Reuters — Chicago soybean futures lost more than one per cent on Wednesday as rain fell in Brazil, easing worries over the persistent dryness and heat that has plagued crops in the top exporting nation, analysts said. Wheat rose on shipping concerns in the Black Sea after Russia’s strike on port infrastructure, while […] Read more