Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more
USDA probes release of incorrect data that pressured crop prices
U.S. grains: Soy shakes off 6-year low, corn jumps on U.S. crop fears
Chicago/Reuters – U.S. soybean futures bounced on Friday after a surprise increase in the Department of Agriculture’s autumn harvest forecast knocked prices to six-year lows. Corn futures neared one-month highs after the USDA, in a monthly report, reduced its production estimate, igniting supply concerns. Traders are focused on the size of the crops because prices […] Read more
U.S. grains: Corn tops one-week high on expectation for harvest cut
Chicago | Reuters –– U.S. grain and soybean futures edged higher on Thursday, with corn topping a one-week high, on expectations that the U.S. Agriculture Department will trim its domestic harvest estimates in highly anticipated reports due out on Friday. Analysts expect USDA, in the monthly reports, to cut its corn and soybean production and […] Read more
U.S. grains: Soy drops on stable crop ratings, poor export demand
Chicago | Reuters –– U.S. soybean futures dipped on Wednesday on better-than-expected U.S. crop ratings and concerns about sluggish export demand. Wheat futures also declined, while corn traded near unchanged. Soybeans pulled back after rising on Tuesday on expectations that the U.S. Agriculture Department would cut its condition ratings for the crop in a weekly […] Read more
Perdue Farms to buy Chipotle pork supplier Niman Ranch
Chicago | Reuters — Poultry company Perdue Farms will buy natural meat maker Niman Ranch, which is Chipotle Mexican Grill’s biggest pork supplier and a brand name on U.S. restaurant menus, the two companies said on Tuesday. Privately held Perdue expects to “soon” close a deal to buy Natural Food Holdings, which owns the Niman […] Read more
U.S. grains: Prices rise on harvest uncertainty, short-covering
Chicago | Reuters –– U.S. grain and soybean futures jumped on Tuesday on expectations that the U.S. Agriculture Department (USDA) may lower its domestic harvest estimates at the end of the week. Short-covering in the markets ahead of the release of USDA crop reports on Friday (Sept. 11) helped lift nearby wheat futures from a […] Read more
U.S. grains: China woes push soy to six-year low, soyoil to nine-year low
Chicago | Reuters — U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China’s faltering economy fuelled selloffs in commodities and equities markets. Broad selling pressured markets early as investors rushed for the exits after stock prices in China, the world’s […] Read more
U.S. grains: Prices advance on crop, weather worries
Chicago | Reuters — U.S. grain and soybean futures jumped on Wednesday as concerns about poor weather hurting autumn harvests fuelled a recovery from recent losses in the markets. The U.S. Department of Agriculture, in a crop report on Aug. 12, may trim its U.S. soybean acreage and ending stocks estimates because of excessive rains […] Read more
‘Noah’s Ark’ rescue mission for endangered poultry
Rare breed hatchery sends chicks as far away as Brazil
Reuters — Less than 24 hours after a deadly infection of bird flu was confirmed at a turkey farm north of Des Moines, Iowa, Bud Wood packed about 3,500 rare baby chicks into boxes and put them in the back of a truck. With the delicate birds just hours old, the president of Murray McMurray […] Read more
U.S. grains: Corn sets one-year highs on tighter old-crop U.S. supply
Chicago | Reuters — U.S. corn futures reached one-year highs and soybeans jumped on Friday as the U.S. Agriculture Department made bigger-than-expected cuts to its estimates for stocks of crops left over from last year’s harvests. The reductions, revealed in a monthly USDA report, added to concerns about supplies among traders worried that persistent rains […] Read more
Canadian Cattlemen Presents: Depth of Field
