Chicago | Reuters — U.S. soybean futures rose for the fifth session in a row on Monday on signs of good demand on both the domestic and export fronts. Chicago Board of Trade soft red winter wheat futures extended their winning streak to a sixth straight session, hitting a nine-year high on tightening global supplies […] Read more
U.S. grains: Soybeans, wheat extend rallies on strong demand
Prairie cash wheat: Bids jump after USDA projects cuts
MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more
China proposes new rules to ease GMO approvals
Leadership seeks 'turnaround' in seed sector
Beijing | Reuters — China is planning changes to its seed regulations that will make it easier to approve genetically modified crops, a move seen as a critical step toward commercializing GM corn. The ministry of agriculture and rural affairs published a draft document late on Friday proposing a series of amendments to several different […] Read more
Viterra seeking expansion in Americas, Australia, sources say
London | Reuters — Swiss miner and trader Glencore and its partners are looking at options to expand their agricultural joint venture Viterra, including targeted bolt-on acquisitions in the Americas and Australia, two sources close to the matter said. The firm, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover […] Read more
U.S. livestock: CME cattle futures mostly lower as corn climbs
Technical buying supports lean hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly lower on Friday, pressured by rising corn prices that depressed feeder cattle futures, traders said. But firmer cash cattle prices this week underpinned the market. CME January feeder cattle futures fell 1.35 cents to end at 157.725 cents/lb., sagging as Chicago Board of […] Read more
U.S. grains: Soybeans climb as soymeal surges
U.S. wheat nears nine-year top
Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat […] Read more
Brazil clears GMO wheat flour from Argentina in global first
Sales, however, may be slow
Sao Paulo/Buenos Aires | Reuters –– Brazil on Thursday became the first country to allow imports of flour made with genetically modified wheat, though shipments of the new variety developed in Argentina are unlikely anytime soon due to opposition from Brazilian millers and global consumers. The decision may spur a broader global discussion about genetically […] Read more
U.S. grains: Wheat hits multi-year highs on global supply worries
CBOT corn, soybeans also up
Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed […] Read more
U.S. livestock: CME lean hogs, live cattle modestly lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday, retreating near the close on technical selling and soft cash hog markets, traders said. The CME’s lean hog index, a two-day weighted average of cash hog prices, fell 0.51 cent, to 78.72 cents/lb. (all figures US$). CME December lean hogs settled […] Read more
Brazil plays down BSE risk in suspect cases in people
Sao Paulo/Rio de Janeiro | Reuters — Brazil’s agriculture ministry said that two cases reported on Thursday of a neurodegenerative disorder in patients in Rio de Janeiro state were not related to beef consumption, tamping down fears of possible BSE causing human illness. Federal biomedical institute Fiocruz, which is investigating the possibility of bovine spongiform […] Read more
Canadian Cattlemen Presents: Depth of Field
