GFM Network News

Cargill’s quarterly profit up on beef, egg demand

Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more

U.S. grains: Soybeans slip on weather, Chinese buying concerns

Chicago | Reuters — Chicago soybean futures fell on Wednesday as investors worried U.S.-China trade relations could escalate and as thoughts of frost impacting U.S. Midwest yields began to ease, traders said. Soybean futures faced pressure after President Donald Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that […] Read more

Trump trade-war aid sows frustration in farm country

Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more

U.S. livestock: Hog futures swing wildly as trade war intensifies

Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures swung wildly on Monday, with the most-active October lean hog futures going nearly limit-up and -down in the same trading session, amid growing tensions in the U.S.-China trade war. China’s commerce ministry said that Chinese companies have stopped buying U.S. agricultural products, and that China […] Read more

U.S. grains: Corn futures rally on weather concerns

Chicago | Reuters — Volatility roiled the commodity grain futures markets on Monday, as uncertainty in the U.S. weather forecast supported corn and the growing tensions in the U.S.-China trade war weighed on soybeans. Wheat futures ended the day up on technical buying, traders said. China’s commerce ministry said that Chinese companies have stopped buying […] Read more

U.S. livestock: Cattle futures end week nearly flat, as hog futures inch up

Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle futures ended the week near previous levels, as funds took some profits on deferred cattle positions and cash trade remained light. Cash cattle prices were steady to up $1 in Iowa and Nebraska on Friday, with prices at $114 to $116, traders said. Meanwhile, hog […] Read more