CBOT July 2023 soybeans with 20-day moving average (dark green line, right scale) and CBOT July 2023 soybean oil (yellow line, left scale). (Barchart)

U.S. grains: Soybeans up as soyoil touches one-month high

Traders watch U.S. crop weather forecasts

Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May […] Read more

CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME lean hogs touch one-month high

August live cattle lower, feeders up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit their highest level in more than a month on Friday following gains in cash prices. Recent advances in futures have built some upward momentum into the market, brokers said, though the sector continues to grapple with an excess of hogs and lacklustre demand for […] Read more


CBOT July 2023 soft red winter wheat (candlesticks, right scale) with MGEX July 2023 hard red spring wheat (yellow line, left scale) and K.C. July 2023 hard red winter wheat (orange line, left scale). (Barchart)

U.S. grains: Wheat futures rebound

Corn, soybeans close firm

Chicago | Reuters — U.S. wheat futures rose on Thursday, bouncing back from a sharp sell-off a day earlier on support from technical buying and concerns about supply disruptions stemming from the Russia-Ukraine war, traders said. Corn and soybeans also closed in positive territory, with old-crop contracts supported by expectations that supplies will remain tight […] Read more

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

U.S. livestock: CME cattle down second day in a row

Chicago lean hogs close firm

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell Thursday on a wave of follow-through selling after contracts posted their first losses in more than a week on Wednesday. Hog futures closed firm but remained below recent peaks. Benchmark CME August live cattle futures settled down 0.95 cent at 172.25 cents/lb. (all figures US$). […] Read more


ICE July 2023 canola with 20-day moving average and November 2023 canola (dark green line). (Barchart)

ICE weekly outlook: Canola finds support from funds, weather

Crude oil markets also a factor

MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more

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CBOT weekly outlook: Ending stocks of corn, soy predicted to rise

Ending stocks of wheat projected to drop as drought hits Kansas winter wheat

MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more


CBOT July 2023 soft red winter wheat with 20-day moving average (green line, right column) and MGEX and K.C. July 2023 wheats (yellow and orange lines, left column). (Barchart)

U.S. grains: Wheat futures snap winning streak

Corn weak, soybeans mixed

Chicago | Reuters — U.S. wheat futures fell on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract snapping a five-session rally that had pushed prices to their highest in nearly three weeks, traders said. But concerns about export demand for U.S. supplies pulled wheat prices lower, with high-protein offerings notching […] Read more

CME August 2023 feeder cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle weaken off new contract highs

Lean hogs down off highest since mid-May

Chicago | Reuters — Chicago Mercantile Exchange cattle futures weakened on a technical setback on Wednesday, closing in negative territory after rising to fresh contract highs during the session. Hog futures were also weaker. Benchmark CME August live cattle futures settled down 2.3 cents at 173.2 cents/lb. after posting a fresh contract high of 175.95 […] Read more



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

U.S. livestock: CME cattle rally to contract highs

July lean hogs also higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied to fresh contract highs on Tuesday, supported by technical buying and strength in the cash market, traders said. Livestock traders did not see any reason to disrupt the recent trend at a time of strong seasonal demand, with traditionally active grilling holidays such as Father’s […] Read more