ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more

CBOT July 2023 corn with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn, soy, wheat futures sag on demand worries

U.S. winter wheat harvest adds seasonal pressure

Chicago | Reuters — U.S. corn futures and nearby soybean futures fell on Wednesday, backing down from multi-week highs, as traders weighed fears of flagging demand for grains and other commodities against worries about dry Midwest weather curbing crop prospects, traders said. Wheat futures sagged on profit-taking after a four-session advance and seasonal pressure from […] Read more


CME August 2023 live cattle with 10-, 20- and 50-day moving averages. (Barchart)

U.S. livestock: CME live cattle fall on technical selling

Wholesale pork prices lift hogs

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange fell on Wednesday on chart-based selling and expectations of a seasonal slowdown in beef demand in the coming weeks, traders said. CME benchmark August live cattle futures settled down 2.95 cents at 170.975 cents/lb., with technical selling accelerating as the contract dropped below […] Read more

Soil cracks around corn plants below knee-high at Manchester Township, about 130 km west of Philadelphia in southern Pennsylvania, on June 6, 2023. (Photo: Paul Kuehnel/USA Today Network via Reuters)

CBOT weekly outlook: Weather market for soy, corn

U.S. targets for biofuel blending pending

MarketsFarm — With soybean and corn seeding nearing completion across the United States, attention in the futures markets is focused squarely on growing conditions. “We’re in a weather market, so look for traders to keep these prices chopping around over the next few weeks,” said Terry Reilly of Futures International in Chicago. Relatively dry conditions […] Read more


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

U.S. livestock: CME live cattle end up as beef prices rise

Chicago lean hog futures end mixed

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday, rallying from early declines, as strong beef prices and tight cattle supplies buoyed futures, traders said. CME August live cattle futures settled up 0.725 cent at 173.925 cents/lb. (all figures US$). August feeder cattle finished up 1.4 cents at […] Read more

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

U.S. grains: Soybeans reach one-month high on weather woes

Wheat up, corn mixed

Chicago | Reuters –– U.S. soybean futures hit a one-month high on Tuesday on worries about dry conditions in the Midwest hurting crop prospects and spillover strength from crude oil, traders said. Corn futures were mostly higher on the Midwest weather jitters, but the nearby July contract fell on profit-taking and worries about demand for […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle under 500 lbs. jump over $400

U.S. beef output expected down in 2024

Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more

(File photo by Dave Bedard)

Fund short position grows in canola

Traders net long in soy, K.C. wheat

MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] Read more


CME August 2023 lean hogs with 20-day moving average and CME cash lean hog index (brown line). (Barchart)

U.S. livestock: CME lean hogs extend climb on bargain-buying

Cash prices support cattle futures

Chicago | Reuters — Benchmark lean hog futures on the Chicago Mercantile Exchange set a one-month high on Monday on short-covering and bargain-buying as the July contract extended its rebound from life-of-contract lows set in late May, traders said. CME July lean hogs settled up 1.975 cents at 91.6 cents/lb. after reaching 93.125 cents, the […] Read more

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

U.S. grains: Corn climbs on dry conditions

Wheat follows corn higher, soybeans mixed

Chicago | Reuters — U.S. corn futures rose to a nearly two-month high on Monday as traders fretted about disappointing weekend rains and dry conditions stressing crops in portions of the Midwest crop belt, analysts said. Wheat futures followed, finding additional support from rising tensions in the Black Sea region. Soybean futures settled mixed, with […] Read more