Insights and Stories of Karl Plume

Nov. 6, 2019 at 4:23 pm CST

Chicago | Reuters – U.S. soybean futures slumped on Wednesday on rising supplies from the ongoing U.S. harvest and concerns about a delay in finalizing a “phase one” trade deal with China that could speed imports by the world’s top buyer. Corn also weakened on harvest pressure and dull demand […]

By Karl Plume

Nov. 5, 2019 at 1:37 pm CST

Chicago | Reuters – U.S. lean hog futures rallied on Tuesday in a technical-buying and short-covering bounce from recent lows, underpinned by hopes for accelerated pork sales to China amid surging prices in the world’s largest pork-consuming country, analysts said. Pork prices have surged to record highs in China as […]

By Karl Plume

Nov. 5, 2019 at 1:35 pm CST

Chicago | Reuters – U.S. corn futures dropped to a 3-1/2-week low on Tuesday, while soybeans fell for the first time in four sessions as largely dry U.S. Midwest weather propelled harvesting and rains bolstered crop prospects in South America where farmers are planting corn and soy. Positioning ahead of […]

By Karl Plume

Nov. 4, 2019 at 4:45 pm CST

Chicago | Reuters – U.S. live cattle futures scaled a six-month high on Monday, propelled by firming cash cattle and beef prices and strong packer margins, analysts said. Chicago Mercantile Exchange (CME) December live cattle settled up 0.550 cent at 120.075 cents per pound, its highest level since April 25. […]

By Karl Plume

Nov. 4, 2019 at 4:20 pm CST

Chicago | Reuters – U.S. corn futures fell for a third straight session on Monday on forecasts for larger U.S. harvest yields and concerns about sluggish demand for American export shipments of the grain. Wheat also declined as stiff competition in global export markets and a stronger dollar pressured prices. […]

By Karl Plume