Chicago | Reuters — U.S. wheat and corn futures set two-week lows on Wednesday as concerns about weakening demand hung over commodity markets. Investor worries about economic headwinds, including the impact of a surge of COVID-19 cases in China, were encouraging selling in commodities, analysts said. Chart-based selling also weighed on the grain markets, they […] Read more
U.S. grains: Wheat, corn futures hit two-week lows on demand concerns
Wheat futures curbed by cheaper Black Sea supplies; U.S. Plains wheat ratings dip in Kansas
U.S. grains: Wheat, corn, soybeans sag as traders reduce risk in new year
Stronger U.S. dollar pressures grain futures
Chicago | Reuters — Chicago Board of Trade (CBOT) grain and soybean futures closed lower on Tuesday as the dollar rallied and broad-based selling hit a range of markets, analysts said. Oil prices also tumbled, pressured by a gloomy economic outlook, while U.S. stocks struggled. Gains in the dollar made U.S. commodities, including farm products, […] Read more
U.S. livestock: CME cattle, hog futures near two-week lows in broad selloff
Boxed beef values limit losses in cattle
Chicago | Reuters — CME Group livestock futures hit their lowest prices in about two weeks on Tuesday on profit-taking and widespread selling that dragged down commodity and financial markets, analysts said. Traders booked profit in live cattle after the most-active contract reached a fresh high on Thursday, brokers said. Benchmark CME February live cattle […] Read more
U.S. livestock: CME live cattle up with boxed beef prices
Lean hogs rise, then close lower
Chicago | Reuters — CME Group live cattle futures finished higher on Monday as rising boxed beef prices signaled there is demand in the market, brokers said. Choice cuts of boxed beef rose by $1, to $263.83 per hundredweight, after climbing by $8.53 on Friday, the U.S. Department of Agriculture said (all figures US$). Select […] Read more
Corteva cuts U.S. jobs while exiting Russia
California plant produces seed for sunflower growers
Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
U.S. grains: Rains in drought-hit Argentina pressure CBOT futures
Recession fears add pressure to markets, analysts say
Chicago | Reuters — Chicago Board of Trade grain and soybean futures slid on Monday after beneficial rains hit Argentina’s drought-stricken agricultural zone, analysts said. Argentina is the world’s leading exporter of processed soy, but its usually green Pampas plains have been hit by a historic drought that is preventing many farmers from planting their […] Read more
Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024
Chicago | Reuters — U.S. renewable diesel production capacity will more than double to about five billion gallons by 2024 from about two billion gallons, Bunge CEO Greg Heckman said on Tuesday. The agricultural commodities trader has not altered its own capacity plans due to a U.S. government proposal on biofuels announced last week, Heckman […] Read more
U.S. avian flu outbreak of 2022 wipes out record number of birds
Vast majority of caseload originated with wild birds: USDA
Chicago | Reuters — Avian flu has wiped out 50.54 million birds in the United States this year, making it the country’s deadliest outbreak in history, U.S. Department of Agriculture data showed Thursday. The deaths of chickens, turkeys and other birds represent the worst U.S. animal-health disaster to date, topping the previous record of 50.5 […] Read more
U.S. grains: Corn, wheat ease on firm U.S. dollar, export concerns
U.S. rail union votes against tentative contract deal
Chicago | Reuters — Chicago Board of Trade grain futures eased on Monday as a stronger dollar and worries about U.S. exports weighed on prices, analysts said. The dollar advanced against most major currencies, making U.S. commodities look less attractive to importers, as tightened COVID-19 rules in China fuelled worries over the global economic outlook. […] Read more
U.S. livestock: CME live cattle top three-week high on supply worries
Lean hog futures up with slaughter pace
Chicago | Reuters — Live cattle futures exceeded a three-week high at the Chicago Mercantile Exchange on Monday on worries about tightening U.S. supplies, while feeder cattle futures set a two-month high. Traders focused on a monthly U.S. Department of Agriculture report, issued after the market closed on Friday, that showed cattle placements into feedlots […] Read more
Canadian Cattlemen Presents: Depth of Field
