U.S. livestock: Lean hogs bounce on short-covering, technical buying

U.S. livestock: Lean hogs bounce on short-covering, technical buying

Chicago | Reuters — U.S. lean hog futures ended higher for the first time in three sessions on Friday on short covering and technical buying ahead of the extended Presidents Day holiday weekend, traders and analysts said. Futures had been technically oversold after sinking to seven-month lows early this week under pressure from large hog […] Read more




CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more


ICE November 2019 canola with 20- and 100-day moving averages. (Barchart)

ICE weekly outlook: Farmers advised to price some new crop

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more

CBOT April 2019 soybeans with 20- and 100-day moving averages. (Barchart)

U.S. grains: Soy edges higher after China sales

Chicago | Reuters — U.S. soybean futures edged higher on Wednesday as the government confirmed more soy purchases by China, but the market remained largely static as traders waited for a raft of U.S. crop data due on Friday, some of it delayed by the government shutdown. Corn futures eased for the first time in […] Read more





CBOT weekly outlook: Soy, corn follow trade talks closely

CBOT weekly outlook: Soy, corn follow trade talks closely

Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more