Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Tuesday as European wheat markets climbed on concern about tightening global supplies, traders said. Soybean futures firmed on renewed export demand for U.S. supplies while corn ended modestly lower, pressured by better-than-expected weekly U.S. crop condition ratings. Chicago Board of Trade September […] Read more
U.S. grains: Wheat higher on global supply fears; soybeans climb, corn eases
CBOT weekly outlook: USDA forecast depends on ‘a lot of moving parts’
MarketsFarm – Analysts are finding the United States Department of Agriculture’s (USDA) 2021-22 monthly crop estimates, which will be released on Aug. 12, to be very hard to predict. “It seems to me that the range for corn guesses are way, way wider than what we’re getting for new crop beans,” said Sean Lusk, vice-president […] Read more
Corteva launches Brazil biotech soy, tackles Bayer head-on
Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium […] Read more
Klassen: Yearlings hold value while calves remain under pressure
Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more
U.S. livestock: CME lean hog futures tumble on uncertain pork demand
Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange fell sharply on Monday, with the benchmark October contract down its daily limit on worries about a seasonal increase in hog supplies and uncertain demand for U.S. pork, analysts said. CME October hog futures settled down 3 cents at 84.600 cents per pound, […] Read more
U.S. grains: Corn, soy retreat on U.S. rains, broad declines in commodities
Chicago | Reuters – U.S. corn and soybean futures declined on Monday, pressured by beneficial weekend rains in the Corn Belt and spillover weakness from outside commodity markets including crude oil and gold, analysts said. Wheat followed the weaker trend, with a firmer dollar adding to bearish sentiment. Chicago Board of Trade December corn settled […] Read more
Once-in-50-year heat waves now happening every decade: U.N. climate report
Reuters – Extreme heat waves that previously only struck once every 50 years are now expected to happen once per decade because of global warming, while downpours and droughts have also become more frequent, a U.N. climate science report said on Monday. The report www.ipcc.ch/report/ar6/wg1 found that we are already experiencing those effects of climate […] Read more
Feed weekly outlook: DDGs becoming another feed option
MarketsFarm – As traditional feed grains such as barley and wheat become more expensive due to persistent drought-like conditions in the Prairies, many feedlots are using alternative sources of feed for their animals. Dried distillers grains with solubles (DDGs), the grain by-products which remain after starch has been fermented through the making of alcohol or […] Read more
Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln
Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand. The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join […] Read more
India to launch $1.48 bln plan to raise oilseed output, cut imports
New Delhi | Reuters – India will launch a 110 billion rupee ($1.48 billion) plan to boost domestic oilseed production to make the country self-sufficient in edible oil, Prime Minister Narendra Modi said on Monday, a move that will cut costly vegetable oil imports. India is the world’s biggest vegetable oil importer and spends an […] Read more
Canadian Cattlemen Presents: Depth of Field
