Insights and Stories of Karl Plume

Feb. 4, 2022 at 6:05 pm CST

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday as tight hog supplies and strong demand fueled gains for the fifth time in six sessions. The market shrugged off negative technical signals following a lower close in actively traded April futures on Thursday after posting a […]

By Karl Plume

Feb. 4, 2022 at 4:57 pm CST

Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures […]

By Karl Plume

Feb. 2, 2022 at 6:35 pm CST

Chicago | Reuters — U.S. soybean futures climbed to an eight-month peak on Wednesday as reduced South American harvest prospects and improving U.S. export demand lifted the market for a seventh straight session. Corn retreated as spread traders sold contracts and bought soybeans and rising ethanol stocks fuelled concerns about […]

By Karl Plume

Feb. 2, 2022 at 6:22 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to fresh contract highs on Wednesday on strong cash market prices and rising slaughter rates amid seasonally tightening cattle supplies. A winter storm moving across the central U.S. on Wednesday did not noticeably impact cattle and beef production, although […]

By Karl Plume

Jan. 27, 2022 at 7:40 pm CST

Chicago | Reuters — U.S. soybean futures rallied to a seven-month high on Thursday on concerns about a smaller South American harvest, which could shift more global demand to the United States. Wheat slumped for a second straight session on a stronger dollar and slightly reduced fears that Russia would […]

By Karl Plume