Chicago | Reuters –– The U.S. Environmental Protection Agency is assessing whether dicamba herbicide can be sprayed safely on soybean and cotton plants genetically engineered to resist the chemical, without the procedure posing “unreasonable risks” to other crops, an agency official said Tuesday. Farmers and scientists for years have reported problems with dicamba drifting away […] Read more
U.S. EPA reviewing dicamba over crop damage claims
U.S. livestock: CME cattle, hog futures sag as broad selling hits markets
Crude, U.S. equities caught in sell-off
Chicago | Reuters — Chicago Mercantile Exchange livestock futures slumped on Monday as traders reduced risk in the face of rising coronavirus cases, brokers said. Selling hit a range of markets including crude oil, which lost more than three per cent, and U.S. stocks. “The risk-off trade is back today,” said Dan Norcini, an independent […] Read more
U.S. grains: Winter wheat futures rise on demand, crop woes
CBOT soybeans up, corn down
Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that […] Read more
U.S. tornadoes destroy chickens, tractors, silos
Chicago | Reuters — A Deere dealership and a Pilgrim’s Pride chicken hatchery were destroyed when deadly tornadoes swept through Kentucky on Friday, while silos holding millions of bushels of corn suffered damage, the companies and the state’s agriculture commissioner said on Monday. At least 64 people, including six children, lost their lives in Kentucky […] Read more
U.S. livestock: CME cattle, hogs end down on profit-taking
Futures decline despite higher beef prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and hog futures ended lower on Friday as profit-taking hit the livestock markets ahead of the weekend, traders said. Live cattle futures consolidated after setting contract highs this week, traders said. Most-active CME February live cattle finished 0.625 cent lower at 138.95 cents/lb. (all […] Read more
U.S. grains: Wheat rallies as global demand offsets virus worries
USDA confirms China buys U.S. soybeans
Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed […] Read more
U.S. livestock: CME cattle, hog futures finish higher
Investors' COVID concerns eased
Chicago | Reuters — Chicago Mercantile Exchange livestock futures finished higher on Wednesday as the markets recovered after dropping the previous session to their lowest prices in more than a week. Prices rose as investors’ concerns eased about the Omicron coronavirus variant, which rattled commodity and financial markets on Tuesday, traders said. Chicago Board of […] Read more
U.S. livestock: CME live cattle fall from highs as Omicron rattles markets
Chicago February lean hogs also lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast […] Read more
U.S. livestock: CME live cattle futures set new contract highs
February hogs drop to two-week low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set new highs on Friday and finished stronger on technical buying and firm cash prices, traders said. The front-month December contract and most-active February 2022 contract avoided losses seen in commodities such as crude oil and soybeans that were unnerved by the discovery of a […] Read more
U.S. grains: Wheat futures rally as global stocks tighten
CBOT corn, soybeans also strong
Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more
Canadian Cattlemen Presents: Depth of Field
