Chicago Mercantile Exchange (CME) live cattle futures closed lower on Thursday on technical selling as well as declines in Wall Street equity markets that raised concerns about consumer demand for beef, analysts said.
Chicago Board of Trade (CBOT) soybean futures rose on Thursday on bargain buying and signs of renewed export demand after the most-active contract Sv1 fell to a nearly four-year low in early trading, analysts said.
U.S. wheat futures rose 1.6 per cent on Wednesday on bargain buying one day after a drop in prices to four-month lows appeared to spur fresh export business, traders said.
Chicago soybean and corn futures firmed on Tuesday after hitting multi-year lows on bargain buying and forecasts for lower harvests in some parts of the world, according to analysts.
Chicago Mercantile Exchange (CME) live cattle futures turned higher on Tuesday on technical trading and as wholesale prices indicated that consumers demand for select cuts remained firm, traders said.
U.S. soybean futures fell to their lowest level in nearly four years on Monday and corn and wheat futures followed the weaker trend as rains bolstered Midwest production prospects and traders worried about demand for big crops, analysts said.
Chicago Mercantile Exchange (CME) feeder cattle futures ticked higher on Monday and live cattle futures ended mostly lower, as the market struggled to find clear direction, traders said.
Chicago Board of Trade corn futures rebounded off of multi-year lows on Friday, and soybean futures briefly turned higher, as a government report forecast tighter stocks than traders had expected.
Chicago wheat, corn and soybean futures regained ground on Thursday after Wednesday's dramatic losses as investors covered short positions ahead of the U.S. Department of Agriculture's supply and demand report set to be released on Friday.