Insights and Stories on Futures

U.S. acres surprise, Prairie acres parched

Jul. 7, 2023 at 2:43 pm CDT

New acreage estimates for this year are now out from both Statistics Canada and the U.S. Department of Agriculture, surprising Chicago corn and soybean traders, less so for Canadian canola and wheat market observers. Glacier FarmMedia’s Gord Gilmour and MarketsFarm weather and crops specialist Bruce Burnett discuss those estimates — […]

U.S. grains: Corn firms on technicals, short-covering

Jul. 6, 2023 at 6:27 pm CDT

By Karl Plume

U.S. livestock: CME live cattle ease on weak cash market

Jul. 6, 2023 at 6:22 pm CDT

By Karl Plume

U.S. livestock: Cattle futures turn lower

Jul. 5, 2023 at 9:58 pm CDT

By Dave Bedard

ICE weekly outlook: Canola makes huge move

Jul. 5, 2023 at 7:34 pm CDT

By Glen Hallick - MarketsFarm

CBOT weekly outlook: Acreage at forefront in soy, corn markets

Jul. 5, 2023 at 6:58 pm CDT

MarketsFarm — Surprising acreage estimates released by the U.S. Department of Agriculture last Friday could remain a major feature in soybean and corn markets for the foreseeable future, as traders contemplate a much smaller-than-expected soybean acreage base and larger-than-expected corn area. “You can’t close your eyes on these acreage numbers,” […]

By Phil Franz-Warkentin

U.S. grains: Wheat surges on slow harvesting, poor crop conditions

Jul. 5, 2023 at 5:37 pm CDT

Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week lows. The wheat rally pulled corn up from 2-1/2-year lows despite expanded plantings and recent rains that lessened concerns about […]

By Karl Plume

Klassen: U.S. feeder markets pull Canadian values higher

Jul. 3, 2023 at 7:42 pm CDT

For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market […]

By Jerry Klassen

U.S. grains: Soybeans rally on supply worries

Jul. 3, 2023 at 5:28 pm CDT

Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures on Monday rallied for a second consecutive session, following a shockingly low plantings estimate from the U.S. Department of Agriculture (USDA) on Friday. Corn futures eased at the start of this holiday-shortened week, remaining at a 2-1/2 year low, […]

By P.J. Huffstutter

U.S. livestock: CME feeder cattle firm on choppy corn trade

Jul. 3, 2023 at 5:25 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased and feeder cattle futures ticked up on Monday, as corn prices faced a choppy trading day at the start of this holiday-shortened week, traders said. Meanwhile, the hog market ended the day mixed, with nearby contracts continuing to be […]

By P.J. Huffstutter