CBOT January 2024 soybeans with 20-day moving average (right column) and CBOT December 2023 soymeal (dark green line, left column). (Barchart)

U.S. grains: Soybeans, soymeal climb on demand

CBOT wheat falls; gains in soy help lift corn

Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users, […] Read more

CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up off two-week low on Ukraine export uncertainty

Ukraine denies suspension of Black Sea export corridor

Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more


CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities

Lean hog futures continue higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs […] Read more

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

ICE weekly outlook: Canola pulling lower

Futures subject to 'financial gravity'

MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s […] Read more


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

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

Soyoil/meal spread worth watching

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more

CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle, hogs rebound after recent losses

'Monday's washout was probably a bit overdone'

Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more


CBOT December 2023 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America

Rains benefit Argentina's core farmland

Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more

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

U.S. livestock: Cattle futures set June lows at CME

Lean hog futures touch contract lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the […] Read more


CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn dips on harvests, technical selling

CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals

Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market vulnerable to weakness

Placements higher than expected

Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more