Chicago | Reuters –– U.S. soybean futures turned higher on Wednesday on optimism that Washington and Beijing will make progress at the upcoming G20 leaders summit toward resolving the trade dispute that has disrupted U.S. exports of the oilseed. Wheat futures slipped, while corn futures ended nearly unchanged after touching their lowest price since Oct. […] Read more
U.S. grains: Soy futures up on hopes of progress in U.S.-China dispute
ADM profit tops estimates on export sales, oilseeds
Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more
Toxin in U.S. corn harvest poses latest headache for farmers
Chicago | Reuters – North American farmers are finding increased levels of a plant toxin known as vomitoxin in this year’s corn harvest, adding insult to injury for growers already suffering as the U.S.-China trade war hurts soybean exports and crop prices. Vomitoxin sickens livestock and can also make humans and pets fall ill, and […] Read more
U.S. livestock: Nearby live cattle futures jump on short covering, positioning
Chicago | Reuters – Live cattle futures rallied on month-end short covering and position squaring on Wednesday, with the nearby contract hitting its highest price in almost eight months, traders said. Front-month CME October live cattle settled up 1.950 cent at 115.850 cents per pound and reached its highest price since March 6. Most-active December […] Read more
U.S. grains: Soy futures turn higher after touching six-week low
Chicago | Reuters – U.S. soybean futures turned higher on Wednesday after falling to a six-week low as traders awaited further clues about the size of the U.S. harvest and the impact of the U.S.-China trade war on exports. Corn and wheat futures stumbled. Traders were assessing U.S. weather forecasts, which have improved after rains […] Read more
U.S. livestock: Cattle futures fall on concerns over increasing supplies
Chicago | Reuters – Live cattle futures dropped to their lowest prices in more than a week on Tuesday and feeder cattle futures fell to seven-week lows on worries about increasing U.S. supplies, analysts said. Feedlots were offering to sell some 5,000 more cattle than a week ago, said Rich Nelson, chief strategist for Illinois-based […] Read more
U.S. grains: Soy futures near six-week low on U.S. harvest, trade woes
Chicago | Reuters – U.S. soybean futures slid on Tuesday to their lowest prices in about six weeks as advancing domestic harvests increased crop supplies. Corn and wheat futures also fell. Additional market pressure stemmed from concerns about the ongoing U.S.-China trade war and the rising dollar, which makes American farm goods less attractive to […] Read more
Hog industry worldwide getting slaughtered in trade war
Beijing/Chicago/Carambei | Reuters – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. His company, The Machhoffs, has halted U.S. projects worth up to $30 million and may move some operations overseas. Investing in domestic operations now would be “ludicrous” […] Read more
U.S. farmers, government fight risk of African swine fever
Chicago | Reuters – U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and Europe. U.S. government officials said in interviews on Friday they are also increasing their ability to test […] Read more
U.S. livestock: Hogs extend slide, fall below seven-week lows
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slid for the third consecutive session on Thursday and touched their lowest prices in more than seven weeks on concerns about increasing supplies, traders said. The market has weakened since contracts set multi-month highs on Oct. 1 amid worries about meat supplies swelling due to […] Read more
Canadian Cattlemen Presents: Depth of Field
