Chicago | Reuters — U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session’s drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans. Corn ended firm, although spillover support from higher soy and worries over rain-delayed U.S. planting were […] Read more
U.S. grains: Soybeans rebound in technical bounce, trade aid details awaited
U.S. livestock: Lean hog futures erode on China trade tensions
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures drifted lower on Wednesday and touched a one-week low as the market was pressured by concerns that the U.S.-China trade war is far from resolution. Traders did not expect any significant Chinese buying of U.S. pork in weekly export sales data due to be […] Read more
U.S. livestock: Hogs, cattle drop as rains seen denting grilling demand
Chicago | Reuters — U.S. live cattle and lean hog futures on the Chicago Mercantile Exchange (CME) closed mostly lower on Tuesday as both markets were pressured by worries that wet weather around large parts of the country would disrupt demand for pork and beef. Above-normal rains are expected across much of the western and […] Read more
U.S. grains: Corn touches one-year high on slow U.S. planting
Chicago | Reuters — U.S. corn futures climbed for a seventh session to their highest in a year on Tuesday as rainy weather and soggy fields across the U.S. corn belt stalled spring planting. Wheat also advanced on worries about winter crop damage due to heavy rains and flooding in the southern U.S. Plains. Soybeans […] Read more
U.S. grains: Corn nears one-year peak as rains stall planting
Chicago | Reuters — U.S. corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower yields for the crop. Wheat jumped to a three-month high on delayed spring wheat planting in the […] Read more
U.S. livestock: Lean hogs end mixed as market assesses trade battles
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed mixed on Monday as traders weighed positive news of easing trade tensions with Mexico and Canada against signs that trade ties with China are worsening. The U.S. struck deals last week to lift tariffs on steel and aluminum imports from […] Read more
Ardent Mills to close four U.S. flour mills
Reuters — Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced Friday. The company, a joint venture between ConAgra Foods, Cargill and CHS, said the closures were necessary due to “anticipated demand and to enhance the efficiency […] Read more
Bunge moves from regional to global operating model
Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more
U.S. livestock: CME live cattle fall again on lower beef, cash prices
Chicago | Reuters –– U.S. live cattle futures fell on Friday, with the actively traded Chicago Mercantile Exchange (CME) June contract down for a 10th straight session on sinking beef and cash cattle prices, and long liquidation by managed commodity funds. Cattle futures have been susceptible to steep drops as commodity funds had recently built […] Read more
U.S. grains: Soy down fourth straight week on export worries, big supplies
Chicago | Reuters — U.S. soybean futures eased on Friday for a sixth consecutive session, posting a fourth straight weekly drop as rain-delayed U.S. corn planting may fuel a shift to more soybean acres despite sluggish export demand from top importer China. Corn edged upward for a seventh straight day and notched its first weekly […] Read more
Canadian Cattlemen Presents: Depth of Field
