Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed on Friday, supported by elevated cash cattle trade and stronger wholesale beef prices, analysts said. “I think it’s a combination of things, including packers trying to get beef into the pipeline before the Labor day features,” said Alan Brugler, president of Brugler Marketing. “Cash […] Read more
U.S. livestock: Live cattle firms on improved cash, holiday demand
U.S. grains: Soybeans climb on exports, end week lower
Chicago | Reuters – Chicago soybean futures gained on Friday after a second day of fresh export sales buoyed demand prospects, though forecasts for rain across the U.S. Midwest through the weekend capped gains. Corn was little changed while wheat added as harvest setbacks in North America, Russia and Western Europe raised concern over tightening […] Read more
Sask. Crop Report: Harvests ahead of schedule
MarketsFarm – The annual harvest in Saskatchewan is moving along earlier and faster than usual as crops dry down to high heat and lack of moisture. Three per cent of Saskatchewan’s crop has been combined, compared to the less than one per cent at this point last year, according to the province’s crop report for […] Read more
Corteva lifts sales forecast on strong demand for crop protection products, seeds
Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, […] Read more
U.S. grains: Corn, soy firm on demand strength
Chicago | Reuters – Chicago corn and soybeans climbed on Thursday on stronger export sales, though gains were capped by rainfall across parts of the U.S. Midwest. Wheat traded near even before ending slightly lower, supported by firmer grains complex and distressed crops across North America. The market also awaits the U.S. Department of Agriculture monthly […] Read more
Deere, Bear Flag aim to automate tractors as ‘fast as possible’
Reuters – U.S. tractor maker Deere & Co said on Thursday it would buy tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab. “We are effectively in market with real […] Read more
U.S. livestock: CME lean hogs fall on anticipated larger supplies
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slipped on Thursday as traders look ahead to increased supplies of hogs heading into the fall and producers hedge against the possibility of future price declines, traders said. CME August lean hog futures closed unchanged at 109.475 cents per pound, while benchmark October hogs lost […] Read more
Bayer Q2 misses forecasts as costs, forex effects bite
Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion), […] Read more
Millers, bakers fret as drought withers North America’s spring wheat
Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the […] Read more
ICE weekly outlook: Volatility expected in canola markets
MarketsFarm – The ICE Futures canola market saw some large price moves during the week ended Aug. 4, hitting their lowest levels in a month as investors booked profits before recovering to hold relatively range-bound overall. More choppiness is expected over the next few weeks, as the market waits to get a better handle on […] Read more
Canadian Cattlemen Presents: Depth of Field
