Insights and Stories of Karl Plume

Jan. 12, 2021 at 8:32 pm CST

Chicago | Reuters — U.S. lean hog futures firmed Tuesday on higher cash hog prices and improving pork packer margins and as soaring feed costs stoked concerns about tighter hog supplies. Corn futures prices surged more than five per cent on Tuesday after the U.S. Department of Agriculture (USDA) slashed […]

By Karl Plume

Jan. 11, 2021 at 8:00 pm CST

Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as […]

By Karl Plume

Jan. 11, 2021 at 7:53 pm CST

Chicago | Reuters — U.S. cattle futures fell on Monday in a profit-taking and technical-selling setback amid concerns about weaker demand for cattle and beef, traders said. Position rolling by funds, as they closed out long positions in the spot month and bought deferred contracts on the second day of […]

By Karl Plume

Dec. 31, 2020 at 1:51 pm CST

Chicago | Reuters – U.S. corn futures extended gains on Thursday and hit their highest level in 6-1/2 years after major supplier Argentina said it would curb exports and as dry weather threatened harvests in South America. Soybeans also scaled a fresh 6-1/2-year peak on South American weather worries and […]

By Karl Plume

Dec. 30, 2020 at 3:29 pm CST

Chicago | Reuters – U.S. soybean futures held near a 6-1/2 year high on Wednesday as investors shifted their focus from a now-resolved labor strike in Argentina that had pushed up prices to continued dry weather in South America that threatened the upcoming harvest. Chicago Board of Trade (CBOT) wheat […]

By Karl Plume