Chicago | Reuters — U.S. soybean futures turned lower on Monday on forecasts for crop-boosting rains in some areas of Brazil and as technical selling and month-end positioning weighed on the market. Corn was narrowly mixed and wheat futures fell for a fourth straight session, with some wheat contract months hitting fresh contract lows. Prices […] Read more
U.S. grains: Soybeans retreat on Brazil rains, technical selling
Soaring river freight hits U.S. farmers
Chicago | Reuters — U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river’s banks is filling up. Low river levels and backups at aging locks have slowed navigation […] Read more
ADM, Cargill still pursue Syngenta over corn rejections
Chicago | Reuters — Syngenta moved closer to putting a troubled biotech corn seed launch behind it with a US$1.5 billion settlement with farmers this week, but grain traders who filed two remaining lawsuits may be less ready to compromise, legal experts said. The company was sued three years ago by the farmers and traders […] Read more
Strong beef demand lifts Cargill profit for quarter
Chicago | Reuters — Global commodities trader Cargill reported a 14 per cent rise in quarterly profit on Wednesday as strong beef demand and ample supplies of cattle lifted earnings for its animal nutrition and protein segment for a fifth straight quarter. The gains in protein offset a weaker year-on-year result for Cargill’s origination and […] Read more
Bunge leaves door open to selling itself
Reuters — Bunge Ltd. kept the door open on Wednesday to a sale of the company as it reported a 34 per cent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should […] Read more
U.S. livestock: Cattle mostly firm on short covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly higher on Friday, lifted by end-of-week short covering following a decline to nine-month lows a day earlier, traders said. Futures, however, remain anchored by plentiful supplies of market-ready cattle and weak cash markets as fed cattle in the U.S. Plains this week traded […] Read more
Harvey’s floods scatter cattle in Texas, swamp cotton fields
Chicago | Reuters — South Texas ranchers are scrambling to relocate cattle from massive flooding spawned by Tropical Storm Harvey, with many hauling livestock up to the north of the state while others rush to move the animals to higher ground nearby. About 1.2 million cattle are located in a 54-county disaster area drenched by […] Read more
U.S. farmers confused by Monsanto’s Xtendimax instructions
Chicago | Reuters — With Monsanto’s latest flagship weed killer, dicamba, banned in Arkansas and under review by U.S. regulators over concerns it can drift in the wind, farmers and weed scientists are also complaining that confusing directions on the label make the product hard to use safely. Dicamba, sold under different brand names by […] Read more
Bunge leaves door open to selling itself, cuts 2017 forecast
Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should also […] Read more
Tennessee restricts dicamba use as problems spread
Chicago | Reuters — Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto, to become the fourth state to take action as problems spread over damage the herbicide causes to crops not genetically modified to withstand it. Dicamba is sprayed by farmers on crops genetically modified to resist it […] Read more
Canadian Cattlemen Presents: Depth of Field
