Insights and Stories on Prices

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. 7, 2024 at 4:55 pm CDT

Chicago Mercantile Exchange live cattle futures were mixed on Wednesday, and feeder cattle turned lower, as the U.S. dollar continued to recover and livestock traders remained uneasy about the health of the global economy, market analysts 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

Aug. 6, 2024 at 4:17 pm CDT

For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.

By Jerry Klassen