Corn hits lowest since late October on bigger than expected US supply outlook Soybeans weak after USDA cut export forecast, raised Brazil harvest view US corn futures slid to a fresh three-month low on Tuesday, extending prior-day declines triggered by the US Department of Agriculture’s outlook for massive supplies following a record-large US harvest. Soybeans…
Corn futures fell by the most since June 2023 after the US Department of Agriculture raised its outlook for American supplies when analysts were expecting a cut. The agency in its monthly supply and demand report boosted the average corn yield and production to fresh records while quarterly and end-of-season stocks also came in bigger…
CHICAGO, Dec 29 (Reuters) – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s…
