Insights and Stories on Markets

Aug. 13, 2024 at 10:34 am CDT

Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership.  Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.

By Jerry Klassen

Aug. 9, 2024 at 4:29 pm CDT

Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.

By Reuters

Aug. 8, 2024 at 3:59 pm CDT

Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.

By P.J. Huffstutter, Reuters

Aug. 7, 2024 at 5:02 pm CDT

Chicago Board of Trade corn and soybean futures turned lower on Wednesday as markets came under pressure from expectations of a U.S. bumper crop, moderate weather in the Midwestern corn belt and sluggish oilseed demand, traders said.

By P.J. Huffstutter, Reuters

Aug. 6, 2024 at 5:13 pm CDT

Chicago soybeans and corn slumped on low demand and a stronger dollar on Tuesday as financial markets recovered from an epic sell-off on Monday. Wheat futures rose after a massive tender from Egypt for 3.8 million metric tons to cover imports between October 2024 and April 2025—its largest ever according to traders.

By Renee Hickman, Reuters