Insights and Stories of Karl Plume

Nov. 27, 2017 at 4:11 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.25 cents/lb. at 119.825 cents after holding chart-based support at the 50-day […]

By Karl Plume

Nov. 16, 2017 at 6:53 pm CST

Chicago | Reuters — U.S. corn futures fell to new contract lows for the third straight day on Thursday as lower-than-expected weekly export sales and abundant supplies weighed on the market. Soybeans also declined on disappointing weekly U.S. Department of Agriculture export sales data and as improving crop weather in […]

By Karl Plume

Nov. 14, 2017 at 3:47 am CST

Chicago | Reuters — U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded […]

By Karl Plume

Nov. 9, 2017 at 3:31 pm CST

Chicago | Reuters – U.S. corn futures plunged to contract lows on Thursday after the U.S. Department of Agriculture projected a bigger-than-expected 2017 U.S. harvest because of a record-large average yield that topped even the highest trade forecasts. Soybeans also dropped as the USDA left its 2017 yield outlook unchanged […]

By Karl Plume

Nov. 8, 2017 at 3:45 pm CST

Chicago | Reuters – U.S. winter wheat futures ended mixed on Wednesday while soybeans and corn closed slightly higher as traders squared positions ahead of a monthly U.S. Department of Agriculture crop supply and demand report due out on Thursday, traders said. Short covering buoyed corn and wheat late in […]

By Karl Plume