Insights and Stories on USDA

ICE weekly outlook: March canola contract not quite out of game

Feb. 17, 2021 at 7:54 pm CST

MarketsFarm — ICE Futures’ March canola contract doesn’t have too much to do with the price of the Canadian oilseed directly now but still can influence prices in coming days, according to Keith Ferley of RBC Dominion Securities in Winnipeg. Open interest in the March contract was around 15,000 as […]

U.S. livestock: Cattle, hog futures sag as weather stalls slaughter pace

Feb. 17, 2021 at 7:41 pm CST

By Julie Ingwersen

U.S. grains: CBOT corn, soybeans rebound on strong demand

Feb. 11, 2021 at 6:40 pm CST

By Mark Weinraub

U.S. grains: Corn, soy, wheat fall sharply on profit taking

Feb. 10, 2021 at 6:57 pm CST

By Mark Weinraub

CBOT weekly outlook: WASDE unexpectedly bearish for corn

Feb. 9, 2021 at 6:19 pm CST

By Glen Hallick - MarketsFarm

U.S. grains: Corn tumbles as USDA projects supplies above market expectations

Feb. 9, 2021 at 5:46 pm CST

Chicago | Reuters — U.S. corn futures dropped on Tuesday after the U.S. Department of Agriculture (USDA) projected supplies of the grain above market expectations in a monthly report, taking prices down from 7-1/2 year highs posted earlier in the day. Soybean futures rose to a three-week top on a […]

By Karl Plume

Klassen: Lower U.S. calf crop spurs buying interest

Feb. 9, 2021 at 5:47 am CST

Compared to last week, western Canadian yearling markets traded steady to $2 higher; calves in the range of 550-800 lbs. were up $2-$4; and calves under 550 lbs. surged $4-$8 on average. Certain auction barns reported that grassers traded $8-$12 above week-ago levels. Colder temperatures caused some sellers to delay […]

By Jerry Klassen

U.S. grains: Corn resumes climb ahead of monthly USDA report

Feb. 8, 2021 at 6:29 pm CST

Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department […]

By Karl Plume

U.S. livestock: CME hogs touch contract high for fourth straight day

Feb. 5, 2021 at 7:17 pm CST

Chicago | Reuters — U.S. lean hog futures extended their rally on Friday, setting a contract high for the fourth consecutive day on strong demand, while live cattle futures topped a one-year high. Traders predicted Chinese buyers will continue to snap up U.S. pork after the U.S. Department of Agriculture […]

By Tom Polansek

U.S. grains: Soybeans end lower, after rising on demand optimism

Feb. 5, 2021 at 4:24 pm CST

Chicago | Reuters — U.S. soybean futures ended lower on Friday after trading higher earlier on expectations of continued export demand eating into already tight U.S. stocks. Corn futures traded slightly lower as traders assessed mixed crop prospects in South America, while wheat ticked up slightly on fears of winterkill […]

By Christopher Walljasper