Insights and Stories of Karl Plume

Sep. 5, 2018 at 6:12 pm CDT

Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday on firm cash hog prices and concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. But the market closed below session highs and some contracts settled below […]

By Karl Plume

Sep. 4, 2018 at 5:32 pm CDT

Chicago | Reuters — U.S. cattle futures climbed more than one per cent on Tuesday, fueled by fund buying on the first trading day of the month and strong demand for beef, traders and analysts said. Chicago Mercantile Exchange October live cattle finished 1.1 cents higher at 109.875 cents/lb. while […]

By Karl Plume

Aug. 23, 2018 at 12:00 pm CDT

Ghent, Minn. | Reuters – Corn yields in Minnesota are likely to be below average as excessive rains and flooding early in the growing season impeded crops, scouts on an annual tour through top U.S. production states said on Thursday. Soybean yield potential was also hampered by overly wet conditions, which delayed planting […]

By Karl Plume

Aug. 10, 2018 at 4:49 pm CDT

Chicago | Reuters – U.S. soybean futures dropped more than 4 percent on Friday after the U.S. Department of Agriculture (USDA) projected larger-than-expected crop yields in the United States and said U.S. and global stocks of the oilseed would swell to record highs. Corn and wheat prices also dropped as the USDA […]

By Karl Plume

Aug. 9, 2018 at 3:57 pm CDT

Chicago | Reuters – U.S. soybean futures retreated on Thursday after two sessions of gains in a profit-taking and position-squaring setback ahead of Friday’s U.S. Department of Agriculture monthly supply and demand report. Corn also slipped as traders moved to the sidelines ahead of the closely watched report, the first of the […]

By Karl Plume